Dominion Energy, Inc. (NYSE:D) Shares Acquired by Jaffetilchin Investment Partners LLC

Jaffetilchin Investment Partners LLC increased its stake in shares of Dominion Energy, Inc. (NYSE:D) by 31.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,039 shares of the utilities provider’s stock after purchasing an additional 1,453 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in Dominion Energy were worth $325,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cape Investment Advisory Inc. increased its position in Dominion Energy by 175.4% during the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 300 shares during the period. BankPlus Trust Department purchased a new position in Dominion Energy in the fourth quarter worth $26,000. Roble Belko & Company Inc acquired a new stake in Dominion Energy in the fourth quarter valued at $27,000. Fairway Wealth LLC purchased a new stake in shares of Dominion Energy during the 4th quarter worth $27,000. Finally, CBIZ Investment Advisory Services LLC grew its stake in shares of Dominion Energy by 100.4% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 260 shares during the period. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Trading Up 1.4 %

Dominion Energy stock opened at $52.67 on Friday. The stock has a market cap of $44.89 billion, a PE ratio of 19.51, a P/E/G ratio of 1.22 and a beta of 0.57. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The stock has a 50-day moving average price of $54.74 and a 200 day moving average price of $55.81. Dominion Energy, Inc. has a 52 week low of $46.62 and a 52 week high of $61.97.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. Equities research analysts predict that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.07%. The ex-dividend date was Friday, February 28th. Dominion Energy’s dividend payout ratio is currently 98.89%.

Analyst Ratings Changes

Several brokerages recently commented on D. UBS Group raised their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Argus raised Dominion Energy to a “hold” rating in a research note on Tuesday, March 25th. Morgan Stanley raised their price objective on Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Thursday, March 20th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $52.00 price objective (down from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Dominion Energy currently has an average rating of “Hold” and an average target price of $57.00.

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.