Modera Wealth Management LLC Has $545,000 Stake in Dominion Energy, Inc. (NYSE:D)

Modera Wealth Management LLC grew its holdings in Dominion Energy, Inc. (NYSE:D) by 5.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,112 shares of the utilities provider’s stock after buying an additional 563 shares during the period. Modera Wealth Management LLC’s holdings in Dominion Energy were worth $545,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in D. Cape Investment Advisory Inc. increased its stake in shares of Dominion Energy by 175.4% during the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 300 shares during the period. BankPlus Trust Department bought a new position in shares of Dominion Energy during the fourth quarter worth approximately $26,000. Roble Belko & Company Inc bought a new position in shares of Dominion Energy during the fourth quarter worth approximately $27,000. Sanctuary Wealth Management L.L.C. bought a new position in shares of Dominion Energy during the third quarter worth approximately $28,000. Finally, Frazier Financial Advisors LLC bought a new position in shares of Dominion Energy during the third quarter worth approximately $32,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on D shares. The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a research note on Friday, November 8th. Morgan Stanley started coverage on Dominion Energy in a research note on Monday, December 2nd. They set an “equal weight” rating and a $61.00 target price on the stock. Finally, Scotiabank raised their price objective on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Eleven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $57.00.

Dominion Energy Trading Down 4.3 %

NYSE D opened at $54.42 on Wednesday. The company has a market cap of $46.37 billion, a price-to-earnings ratio of 20.15, a price-to-earnings-growth ratio of 1.22 and a beta of 0.58. Dominion Energy, Inc. has a twelve month low of $45.99 and a twelve month high of $61.97. The business’s fifty day moving average is $55.02 and its 200 day moving average is $56.45. 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 (NYSE:D) last announced its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, topping 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, sell-side analysts expect that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.91%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s dividend payout ratio is 98.89%.

Dominion Energy 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.