Raymond James & Associates boosted its position in shares of Dominion Energy Inc (NYSE:D) by 1.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,014,585 shares of the utilities provider’s stock after acquiring an additional 23,179 shares during the period. Raymond James & Associates owned 0.31% of Dominion Energy worth $163,301,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in D. Johnson Financial Group Inc. raised its position in shares of Dominion Energy by 146.8% during the third quarter. Johnson Financial Group Inc. now owns 1,345 shares of the utilities provider’s stock valued at $103,000 after buying an additional 800 shares during the last quarter. American Research & Management Co. raised its position in shares of Dominion Energy by 159.7% during the fourth quarter. American Research & Management Co. now owns 1,423 shares of the utilities provider’s stock valued at $115,000 after buying an additional 875 shares during the last quarter. MHI Funds LLC bought a new stake in shares of Dominion Energy during the fourth quarter valued at approximately $119,000. Chicago Partners Investment Group LLC raised its position in shares of Dominion Energy by 160.8% during the third quarter. Chicago Partners Investment Group LLC now owns 1,565 shares of the utilities provider’s stock valued at $120,000 after buying an additional 965 shares during the last quarter. Finally, CWM LLC raised its position in shares of Dominion Energy by 104.0% during the fourth quarter. CWM LLC now owns 1,803 shares of the utilities provider’s stock valued at $146,000 after buying an additional 919 shares during the last quarter. Institutional investors own 65.33% of the company’s stock.
Dominion Energy Inc (NYSE:D) opened at $73.25 on Monday. Dominion Energy Inc has a fifty-two week low of $71.91 and a fifty-two week high of $85.30. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.45 and a quick ratio of 0.30. The firm has a market cap of $47,476.61, a price-to-earnings ratio of 15.01, a P/E/G ratio of 2.55 and a beta of 0.23.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 20th. Shareholders of record on Friday, March 2nd will be paid a dividend of $0.835 per share. This represents a $3.34 annualized dividend and a yield of 4.56%. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend is Thursday, March 1st. Dominion Energy’s payout ratio is presently 68.02%.
D has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a research report on Wednesday, January 17th. Bank of America upgraded shares of Dominion Energy from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 22nd. Morgan Stanley raised their target price on shares of Dominion Energy from $85.00 to $87.00 and gave the company an “equal weight” rating in a report on Wednesday, December 13th. JPMorgan Chase & Co. raised shares of Dominion Energy from a “neutral” rating to an “overweight” rating and set a $82.00 target price for the company in a report on Thursday, December 14th. Finally, Hilliard Lyons raised shares of Dominion Energy from a “neutral” rating to a “buy” rating and set a $86.00 target price for the company in a report on Tuesday, January 30th. Eleven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $82.09.
In other news, Director Joseph M. Rigby acquired 2,679 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was bought at an average cost of $74.65 per share, with a total value of $199,987.35. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John W. Harris sold 2,665 shares of Dominion Energy stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $80.60, for a total transaction of $214,799.00. Following the transaction, the director now directly owns 13,282 shares of the company’s stock, valued at $1,070,529.20. The disclosure for this sale can be found here. 0.37% of the stock is owned by insiders.
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Dominion Energy Profile
Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.
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