Sepio Capital LP Grows Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Sepio Capital LP raised its stake in Dominion Energy, Inc. (NYSE:D) by 24.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,768 shares of the utilities provider’s stock after buying an additional 9,302 shares during the period. Sepio Capital LP’s holdings in Dominion Energy were worth $2,519,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

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

Dominion Energy Price Performance

D opened at $52.83 on Friday. Dominion Energy, Inc. has a 1 year low of $46.62 and a 1 year high of $61.97. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The company’s 50 day simple moving average is $55.31 and its 200 day simple moving average is $56.10. The stock has a market capitalization of $45.02 billion, a PE ratio of 19.57, a P/E/G ratio of 1.22 and a beta of 0.57.

Dominion Energy (NYSE:D) last posted its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (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%. As a group, sell-side analysts expect that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were given a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 5.05%. The ex-dividend date was Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is 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.