Smith Moore & CO. Buys 1,002 Shares of Dominion Energy, Inc. (NYSE:D)

Smith Moore & CO. boosted its stake in Dominion Energy, Inc. (NYSE:D) by 13.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,392 shares of the utilities provider’s stock after purchasing an additional 1,002 shares during the period. Smith Moore & CO.’s holdings in Dominion Energy were worth $452,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in Dominion Energy in the 4th quarter valued at approximately $473,354,000. American Century Companies Inc. increased its position in Dominion Energy by 207.7% in the 4th quarter. American Century Companies Inc. now owns 3,763,898 shares of the utilities provider’s stock valued at $202,724,000 after acquiring an additional 2,540,713 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Dominion Energy by 4.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 30,960,638 shares of the utilities provider’s stock valued at $1,667,540,000 after acquiring an additional 1,459,926 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Dominion Energy during the fourth quarter worth $71,409,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Dominion Energy by 4.5% in the third quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider’s stock worth $1,653,964,000 after purchasing an additional 1,222,688 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Performance

Shares of D opened at $52.83 on Friday. Dominion Energy, Inc. has a one year low of $46.62 and a one year high of $61.97. The company has a market cap of $45.02 billion, a PE ratio of 19.57, a P/E/G ratio of 1.22 and a beta of 0.57. The stock has a 50-day moving average of $55.31 and a 200-day moving average of $56.10. 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 (NYSE:D) last issued its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 EPS 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%. On average, equities research analysts predict that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were paid a $0.6675 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.67 annualized dividend and a dividend yield of 5.05%. Dominion Energy’s payout ratio is 98.89%.

Analyst Upgrades and Downgrades

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

Dominion Energy Company 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.