Ethic Inc. Purchases 3,797 Shares of Dominion Energy, Inc. (NYSE:D)

Ethic Inc. boosted its position in shares of Dominion Energy, Inc. (NYSE:D) by 70.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 9,184 shares of the utilities provider’s stock after buying an additional 3,797 shares during the quarter. Ethic Inc.’s holdings in Dominion Energy were worth $495,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC raised its position in Dominion Energy by 450.0% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 378 shares in the last quarter. Cape Investment Advisory Inc. raised its position in Dominion Energy by 175.4% during the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 300 shares in the last quarter. BankPlus Trust Department acquired a new position in shares of Dominion Energy in the fourth quarter valued at $26,000. Roble Belko & Company Inc bought a new position in shares of Dominion Energy in the fourth quarter valued at about $27,000. Finally, Fairway Wealth LLC bought a new position in shares of Dominion Energy in the fourth quarter valued at about $27,000. 73.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on D. Argus raised shares of Dominion Energy to a “hold” rating in a research report on Tuesday, March 25th. UBS Group increased their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. Morgan Stanley increased their price objective on shares of Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Thursday, March 20th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a $52.00 price objective (down from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Dominion Energy has an average rating of “Hold” and a consensus target price of $58.75.

Dominion Energy Trading Up 1.8%

D stock opened at $54.98 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The company’s 50-day simple moving average is $53.90 and its 200 day simple moving average is $55.10. Dominion Energy, Inc. has a 52 week low of $47.99 and a 52 week high of $61.97. The company has a market capitalization of $46.89 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.93 EPS for the quarter, beating the consensus estimate of $0.82 by $0.11. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. The business had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $3.95 billion. During the same period in the prior year, the company posted $0.55 earnings per share. Dominion Energy’s revenue was up 12.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 29th will be paid a dividend of $0.6675 per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $2.67 dividend on an annualized basis and a yield of 4.86%. Dominion Energy’s payout ratio is 100.00%.

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.