Congress Wealth Management LLC DE Raises Stake in Dominion Energy, Inc. (NYSE:D)

Congress Wealth Management LLC DE lifted its stake in shares of Dominion Energy, Inc. (NYSE:D) by 4.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 190,074 shares of the utilities provider’s stock after acquiring an additional 8,349 shares during the period. Congress Wealth Management LLC DE’s holdings in Dominion Energy were worth $10,237,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of D. Cape Investment Advisory Inc. grew its position in Dominion Energy by 175.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 300 shares during the period. BankPlus Trust Department acquired a new position in shares of Dominion Energy in the 4th quarter valued at $26,000. Roble Belko & Company Inc purchased a new position in shares of Dominion Energy during the 4th quarter worth $27,000. Fairway Wealth LLC acquired a new stake in shares of Dominion Energy during the 4th quarter worth about $27,000. Finally, CBIZ Investment Advisory Services LLC raised its holdings in Dominion Energy by 100.4% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider’s stock valued at $28,000 after buying an additional 260 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on D. UBS Group increased their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday. JPMorgan Chase & Co. increased their price objective on shares of Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. Scotiabank boosted their target price on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Finally, Morgan Stanley raised their price target on Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 20th. Twelve investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and an average price target of $57.58.

Dominion Energy Stock Down 0.5 %

Shares of NYSE D opened at $54.29 on Tuesday. The stock has a market cap of $46.26 billion, a P/E ratio of 20.11, a PEG ratio of 1.22 and a beta of 0.59. The business’s fifty day simple moving average is $55.21 and its 200-day simple moving average is $56.27. Dominion Energy, Inc. has a 12-month low of $46.56 and a 12-month high of $61.97. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42.

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, 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, equities analysts predict that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.92%. The ex-dividend date was Friday, February 28th. 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.