J.W. Cole Advisors Inc. Has $626,000 Holdings in Dominion Energy, Inc. (NYSE:D)

J.W. Cole Advisors Inc. boosted its stake in Dominion Energy, Inc. (NYSE:D) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,630 shares of the utilities provider’s stock after purchasing an additional 257 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Dominion Energy were worth $626,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of D. Roble Belko & Company Inc acquired a new position in Dominion Energy during the fourth quarter worth about $27,000. Sanctuary Wealth Management L.L.C. acquired a new position in Dominion Energy during the third quarter worth about $28,000. Frazier Financial Advisors LLC acquired a new position in Dominion Energy during the third quarter worth about $32,000. Dunhill Financial LLC raised its stake in Dominion Energy by 601.2% during the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 487 shares in the last quarter. Finally, Larson Financial Group LLC raised its stake in Dominion Energy by 282.4% during the third quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 449 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on D. The Goldman Sachs Group reissued a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a research note on Friday, November 8th. Scotiabank upped their price objective on 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, Morgan Stanley assumed coverage on Dominion Energy in a research note on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price objective for the company. Eleven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $56.58.

Dominion Energy Stock Performance

Shares of D stock opened at $55.69 on Thursday. The business’s 50 day simple moving average is $54.46 and its 200 day simple moving average is $56.32. Dominion Energy, Inc. has a one year low of $44.17 and a one year high of $61.97. The stock has a market capitalization of $46.78 billion, a PE ratio of 20.62, a PEG ratio of 1.21 and a beta of 0.61. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58.

Dominion Energy (NYSE:D) last announced its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, beating the consensus estimate of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. As a group, research analysts forecast that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders 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 dividend yield of 4.79%. The ex-dividend date is Friday, February 28th. Dominion Energy’s payout ratio is 98.89%.

About Dominion Energy

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.