Choate Investment Advisors Buys 198 Shares of Dominion Energy, Inc. (NYSE:D)

Choate Investment Advisors lifted its stake in Dominion Energy, Inc. (NYSE:D) by 5.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,880 shares of the utilities provider’s stock after acquiring an additional 198 shares during the period. Choate Investment Advisors’ holdings in Dominion Energy were worth $209,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Cape Investment Advisory Inc. raised its position in shares of Dominion Energy by 175.4% in the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 300 shares in the last quarter. BankPlus Trust Department purchased a new position in Dominion Energy during the 4th quarter worth $26,000. Roble Belko & Company Inc purchased a new position in Dominion Energy during the 4th quarter worth $27,000. Fairway Wealth LLC purchased a new position in Dominion Energy during the 4th quarter worth $27,000. Finally, Pillar Financial Advisors LLC purchased a new position in Dominion Energy during the 4th quarter worth $32,000. 73.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

D has been the topic of several research analyst reports. Morgan Stanley initiated 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. Scotiabank boosted their target price 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. Finally, JPMorgan Chase & Co. boosted their target price on Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 11th. Eleven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $57.18.

Dominion Energy Stock Performance

Shares of D stock opened at $54.75 on Tuesday. The stock has a market cap of $46.65 billion, a PE ratio of 20.28, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59. The business has a 50-day simple moving average of $55.14 and a 200-day simple moving average of $56.34. 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 52-week low of $46.56 and a 52-week high of $61.97.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (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%. On average, equities analysts expect that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The business 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. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 annualized dividend and a dividend yield of 4.88%. Dominion Energy’s dividend payout ratio (DPR) is presently 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.