Schnieders Capital Management LLC Raises Position in Dominion Energy, Inc. (NYSE:D)

Schnieders Capital Management LLC lifted its position in Dominion Energy, Inc. (NYSE:D) by 40.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 81,853 shares of the utilities provider’s stock after buying an additional 23,675 shares during the period. Schnieders Capital Management LLC’s holdings in Dominion Energy were worth $4,409,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. BankPlus Trust Department bought a new stake in Dominion Energy in the 4th quarter worth about $26,000. Roble Belko & Company Inc purchased a new stake in shares of Dominion Energy during the 4th quarter valued at about $27,000. Sanctuary Wealth Management L.L.C. bought a new stake in shares of Dominion Energy in the third quarter worth approximately $28,000. Frazier Financial Advisors LLC bought a new stake in shares of Dominion Energy in the third quarter worth approximately $32,000. Finally, Dunhill Financial LLC raised its holdings in shares of Dominion Energy by 601.2% during 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 during the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Down 0.5 %

D stock opened at $57.12 on Thursday. The business’s 50-day moving average price is $54.81 and its 200-day moving average price is $56.42. The stock has a market cap of $47.98 billion, a P/E ratio of 21.16, a PEG ratio of 1.22 and a beta of 0.61. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a twelve month low of $44.17 and a twelve month high of $61.97.

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

Dominion Energy Announces Dividend

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. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a yield of 4.67%. Dominion Energy’s dividend payout ratio is presently 98.89%.

Analyst Ratings Changes

Several brokerages recently issued reports on D. Scotiabank raised their target price 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. Morgan Stanley began coverage on Dominion Energy in a research note on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price target on the stock. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. Eleven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $56.58.

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.