Hoey Investments Inc. Invests $40,000 in Dominion Energy, Inc. (NYSE:D)

Hoey Investments Inc. acquired a new stake in Dominion Energy, Inc. (NYSE:D) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 750 shares of the utilities provider’s stock, valued at approximately $40,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of D. Simon Quick Advisors LLC raised its holdings in shares of 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 purchasing an additional 184 shares in the last quarter. Cobblestone Capital Advisors LLC NY raised its stake in Dominion Energy by 2.6% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 7,786 shares of the utilities provider’s stock valued at $450,000 after buying an additional 195 shares in the last quarter. Choate Investment Advisors lifted its holdings in Dominion Energy by 5.4% during the 4th quarter. Choate Investment Advisors now owns 3,880 shares of the utilities provider’s stock worth $209,000 after buying an additional 198 shares during the last quarter. Passumpsic Savings Bank boosted its position 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. Finally, Meridian Financial Partners LLC increased its holdings in shares of Dominion Energy by 1.6% in the 4th quarter. Meridian Financial Partners LLC now owns 13,970 shares of the utilities provider’s stock valued at $752,000 after acquiring an additional 219 shares during the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

D has been the subject of several recent analyst reports. Morgan Stanley boosted their target price on Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. UBS Group increased their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. Scotiabank boosted their price target on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Argus raised Dominion Energy to a “hold” rating in a report on Tuesday, March 25th. Finally, JPMorgan Chase & Co. boosted their target price on Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, March 11th. Thirteen investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $57.58.

Dominion Energy Price Performance

Dominion Energy stock opened at $56.11 on Tuesday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The business has a 50 day simple moving average of $55.19 and a 200-day simple moving average of $56.17. Dominion Energy, Inc. has a 12 month low of $46.62 and a 12 month high of $61.97. The stock has a market capitalization of $47.81 billion, a PE ratio of 20.78, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, topping 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 predict that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date was Friday, February 28th. Dominion Energy’s dividend payout ratio is presently 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.