Richard W. Paul & Associates LLC Has $452,000 Position in Dominion Energy, Inc. (NYSE:D)

Richard W. Paul & Associates LLC increased its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 6,503.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 8,387 shares of the utilities provider’s stock after purchasing an additional 8,260 shares during the period. Richard W. Paul & Associates LLC’s holdings in Dominion Energy were worth $452,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Simon Quick Advisors LLC raised its position in Dominion Energy by 4.5% in the 4th quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider’s stock valued at $229,000 after buying an additional 184 shares during the last quarter. Cobblestone Capital Advisors LLC NY grew its stake in shares of Dominion Energy by 2.6% during the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 7,786 shares of the utilities provider’s stock worth $450,000 after acquiring an additional 195 shares in the last quarter. Passumpsic Savings Bank grew its stake in shares of Dominion Energy by 2.7% during the 3rd quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider’s stock worth $441,000 after acquiring an additional 199 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in shares of Dominion Energy by 0.6% in the third quarter. Crossmark Global Holdings Inc. now owns 33,670 shares of the utilities provider’s stock valued at $1,946,000 after purchasing an additional 208 shares during the last quarter. Finally, Meridian Financial Partners LLC lifted its position in shares of Dominion Energy by 1.6% in the fourth quarter. Meridian Financial Partners LLC now owns 13,970 shares of the utilities provider’s stock worth $752,000 after purchasing an additional 219 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Price Performance

NYSE:D opened at $56.60 on Friday. The company has a market cap of $47.54 billion, a P/E ratio of 20.96, a P/E/G ratio of 1.22 and a beta of 0.61. The firm’s fifty day moving average price is $54.94 and its two-hundred day moving average price is $56.43. Dominion Energy, Inc. has a one year low of $44.17 and a one year high of $61.97. 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 quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, beating 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%. Equities analysts expect that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.72%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s payout ratio is 98.89%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Scotiabank boosted their price target on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Morgan Stanley assumed coverage on Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price target on the stock. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a report on Friday, November 8th. Eleven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $56.58.

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.