RFG Bristol Wealth Advisors LLC Invests $574,000 in Dominion Energy, Inc. (NYSE:D)

RFG Bristol Wealth Advisors LLC bought a new stake in Dominion Energy, Inc. (NYSE:D) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 10,658 shares of the utilities provider’s stock, valued at approximately $574,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Dominion Energy by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 89,513,956 shares of the utilities provider’s stock valued at $4,821,222,000 after acquiring an additional 674,859 shares during the period. State Street Corp raised its holdings in shares of Dominion Energy by 3.2% in the 3rd quarter. State Street Corp now owns 44,297,832 shares of the utilities provider’s stock worth $2,559,972,000 after buying an additional 1,365,555 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Dominion Energy by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider’s stock worth $1,653,964,000 after buying an additional 1,222,688 shares during the period. Geode Capital Management LLC boosted its stake in Dominion Energy by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 18,477,121 shares of the utilities provider’s stock valued at $997,034,000 after buying an additional 601,900 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Dominion Energy by 7.7% in the fourth quarter. Bank of New York Mellon Corp now owns 14,938,848 shares of the utilities provider’s stock valued at $804,606,000 after acquiring an additional 1,068,996 shares during the period. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Trading Up 0.2 %

Shares of NYSE:D opened at $56.17 on Wednesday. The stock has a market capitalization of $47.86 billion, a PE ratio of 20.80, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59. The company’s 50-day moving average price is $55.19 and its two-hundred day moving average price is $56.15. 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, Inc. has a one year low of $46.62 and a one year high of $61.97.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 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 forecast 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 given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.75%. The ex-dividend date was Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is currently 98.89%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on D. UBS Group raised their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Scotiabank lifted their price objective 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. Morgan Stanley raised their target price on Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Thursday, March 20th. Argus upgraded shares of Dominion Energy to a “hold” rating in a research report on Tuesday, March 25th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, March 11th. Thirteen research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $57.58.

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.