Spectrum Wealth Advisory Group LLC Acquires Shares of 4,548 Dominion Energy, Inc. (NYSE:D)

Spectrum Wealth Advisory Group LLC purchased a new position in shares of Dominion Energy, Inc. (NYSE:D) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 4,548 shares of the utilities provider’s stock, valued at approximately $245,000.

Several other institutional investors also recently modified their holdings of the business. J.W. Cole Advisors Inc. grew its position in shares of Dominion Energy by 2.3% during the 4th quarter. J.W. Cole Advisors Inc. now owns 11,630 shares of the utilities provider’s stock worth $626,000 after buying an additional 257 shares during the period. Valmark Advisers Inc. grew its position in shares of Dominion Energy by 145.2% during the 4th quarter. Valmark Advisers Inc. now owns 23,175 shares of the utilities provider’s stock worth $1,248,000 after buying an additional 13,724 shares during the period. Allworth Financial LP grew its position in shares of Dominion Energy by 11.7% during the 4th quarter. Allworth Financial LP now owns 21,229 shares of the utilities provider’s stock worth $1,124,000 after buying an additional 2,226 shares during the period. Principal Securities Inc. grew its position in shares of Dominion Energy by 3.9% during the 4th quarter. Principal Securities Inc. now owns 15,799 shares of the utilities provider’s stock worth $851,000 after buying an additional 590 shares during the period. Finally, WASHINGTON TRUST Co grew its position in shares of Dominion Energy by 11.7% during the 4th quarter. WASHINGTON TRUST Co now owns 2,861 shares of the utilities provider’s stock worth $154,000 after buying an additional 299 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analyst Ratings Changes

D has been the topic of several recent analyst reports. Morgan Stanley started coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price objective on the stock. Scotiabank lifted their price target on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $61.00 price target on shares of Dominion Energy in a research note on Friday, November 8th. Eleven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $56.58.

Dominion Energy Stock Performance

Shares of D stock opened at $55.58 on Friday. The company’s fifty day simple moving average is $54.42 and its 200-day simple moving average is $56.29. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The firm has a market cap of $46.68 billion, a PE ratio of 19.50, a P/E/G ratio of 1.18 and a beta of 0.61. Dominion Energy, Inc. has a 12 month low of $44.17 and a 12 month high of $61.97.

Dominion Energy (NYSE:D) last issued its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. Equities research analysts expect that Dominion Energy, Inc. will post 2.76 EPS for the current fiscal year.

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. The ex-dividend date is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a yield of 4.80%. 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.