Bay Rivers Group Purchases 621 Shares of Dominion Energy, Inc. (NYSE:D)

Bay Rivers Group grew its position in Dominion Energy, Inc. (NYSE:D) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,768 shares of the utilities provider’s stock after acquiring an additional 621 shares during the period. Bay Rivers Group’s holdings in Dominion Energy were worth $1,603,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Nilsine Partners LLC bought a new stake in Dominion Energy during the 4th quarter worth about $722,000. Foundations Investment Advisors LLC raised its position in Dominion Energy by 3.2% in the 4th quarter. Foundations Investment Advisors LLC now owns 11,763 shares of the utilities provider’s stock worth $634,000 after purchasing an additional 365 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Dominion Energy by 12.2% during the 4th quarter. Pacer Advisors Inc. now owns 70,213 shares of the utilities provider’s stock worth $3,782,000 after buying an additional 7,632 shares in the last quarter. Cornerstone Wealth Group LLC increased its stake in shares of Dominion Energy by 3.3% in the 4th quarter. Cornerstone Wealth Group LLC now owns 18,027 shares of the utilities provider’s stock valued at $971,000 after buying an additional 572 shares during the period. Finally, Capital Asset Advisory Services LLC lifted its stake in shares of Dominion Energy by 4.2% during the fourth quarter. Capital Asset Advisory Services LLC now owns 9,720 shares of the utilities provider’s stock valued at $532,000 after acquiring an additional 393 shares during the period. 73.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on D shares. The Goldman Sachs Group restated a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th. Barclays lifted their target price on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Morgan Stanley began coverage on Dominion Energy in a research note on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price target on the stock. Finally, Scotiabank lifted their price objective on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Eleven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $56.58.

Dominion Energy Stock Up 4.2 %

NYSE:D opened at $55.73 on Tuesday. Dominion Energy, Inc. has a 1 year low of $43.53 and a 1 year high of $61.97. The stock has a 50-day moving average price of $55.20 and a two-hundred day moving average price of $55.98. The stock has a market cap of $46.81 billion, a price-to-earnings ratio of 19.55, a PEG ratio of 1.15 and a beta of 0.60. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.05. The business had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $4.18 billion. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. Dominion Energy’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.77 EPS. As a group, equities analysts expect that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be issued a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.79%. Dominion Energy’s payout ratio is 93.68%.

Dominion Energy Company Profile

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.