Dominion Energy, Inc. (NYSE:D) Shares Acquired by Virginia Wealth Management Group Inc.

Virginia Wealth Management Group Inc. boosted its stake in Dominion Energy, Inc. (NYSE:D) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,888 shares of the utilities provider’s stock after acquiring an additional 824 shares during the period. Virginia Wealth Management Group Inc.’s holdings in Dominion Energy were worth $2,687,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Groesbeck Investment Management Corp NJ bought a new position in shares of Dominion Energy during the fourth quarter worth about $293,000. Spirit of America Management Corp NY lifted its holdings in Dominion Energy by 11.6% during the 4th quarter. Spirit of America Management Corp NY now owns 16,850 shares of the utilities provider’s stock worth $908,000 after buying an additional 1,750 shares during the last quarter. Greenwood Capital Associates LLC acquired a new position in shares of Dominion Energy in the 4th quarter worth approximately $1,027,000. E. Ohman J or Asset Management AB grew its position in shares of Dominion Energy by 7.9% in the 4th quarter. E. Ohman J or Asset Management AB now owns 36,800 shares of the utilities provider’s stock worth $1,982,000 after acquiring an additional 2,700 shares in the last quarter. Finally, Mather Group LLC. increased its holdings in shares of Dominion Energy by 13.4% in the 4th quarter. Mather Group LLC. now owns 4,891 shares of the utilities provider’s stock valued at $263,000 after acquiring an additional 579 shares during the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Dominion Energy Trading Down 4.1 %

Shares of D stock opened at $54.00 on Wednesday. Dominion Energy, Inc. has a 1 year low of $43.53 and a 1 year high of $61.97. The firm has a market capitalization of $45.36 billion, a PE ratio of 18.95, a price-to-earnings-growth ratio of 1.21 and a beta of 0.61. The stock has a fifty day moving average of $54.91 and a two-hundred day moving average of $56.15. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74.

Dominion Energy Dividend Announcement

The company also recently announced 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. This represents a $2.67 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date is Friday, February 28th. Dominion Energy’s payout ratio is currently 93.68%.

Dominion Energy 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.