Howard Capital Management Inc. Grows Position in Dominion Energy, Inc. (NYSE:D)

Howard Capital Management Inc. grew its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 17.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,922 shares of the utilities provider’s stock after purchasing an additional 1,007 shares during the quarter. Howard Capital Management Inc.’s holdings in Dominion Energy were worth $373,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of D. Roble Belko & Company Inc bought a new position in Dominion Energy in the 4th quarter worth approximately $27,000. Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Dominion Energy during the third quarter worth $28,000. Frazier Financial Advisors LLC bought a new position in shares of Dominion Energy in the third quarter worth $32,000. Dunhill Financial LLC grew its position in shares of Dominion Energy by 601.2% in the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 487 shares in the last quarter. Finally, Larson Financial Group LLC raised its stake in shares of Dominion Energy by 282.4% during the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 449 shares during the period. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on D. 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. Morgan Stanley initiated coverage on shares of Dominion Energy in a report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price target on the stock. Finally, Scotiabank boosted their price objective 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. Eleven 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 an average price target of $56.58.

Dominion Energy Trading Down 1.0 %

Shares of D opened at $56.85 on Tuesday. Dominion Energy, Inc. has a 1-year low of $44.17 and a 1-year high of $61.97. The company has a market capitalization of $47.75 billion, a P/E ratio of 21.05, a P/E/G ratio of 1.22 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. The firm’s 50 day simple moving average is $54.64 and its 200 day simple moving average is $56.39.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. Sell-side analysts forecast that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.70%. The ex-dividend date is Friday, February 28th. Dominion Energy’s payout ratio is currently 98.89%.

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.