Adams Wealth Management Grows Position in Dominion Energy, Inc. (NYSE:D)

Adams Wealth Management grew its position in Dominion Energy, Inc. (NYSE:D) by 24.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,166 shares of the utilities provider’s stock after acquiring an additional 2,353 shares during the quarter. Adams Wealth Management’s holdings in Dominion Energy were worth $655,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Simon Quick Advisors LLC lifted its position in Dominion Energy by 4.5% during the 4th quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider’s stock worth $229,000 after acquiring an additional 184 shares during the period. Choate Investment Advisors grew its position in Dominion Energy by 5.4% in the 4th quarter. Choate Investment Advisors now owns 3,880 shares of the utilities provider’s stock valued at $209,000 after buying an additional 198 shares during the last quarter. Passumpsic Savings Bank increased its stake in Dominion Energy by 2.7% in the 3rd quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider’s stock valued at $441,000 after buying an additional 199 shares during the period. Covestor Ltd raised its position in Dominion Energy by 16.9% during the 4th quarter. Covestor Ltd now owns 1,504 shares of the utilities provider’s stock worth $81,000 after buying an additional 217 shares during the last quarter. Finally, Meridian Financial Partners LLC lifted its stake 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 worth $752,000 after acquiring an additional 219 shares during the period. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on D shares. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $52.00 price target (down from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. UBS Group increased their target price on Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. Morgan Stanley lifted their price target 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. Finally, Argus raised Dominion Energy to a “hold” rating in a report on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $57.00.

Dominion Energy Stock Up 0.0 %

D stock opened at $53.07 on Friday. 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 12 month low of $47.99 and a 12 month high of $61.97. The firm has a market capitalization of $45.22 billion, a PE ratio of 19.65, a P/E/G ratio of 1.22 and a beta of 0.57. The company’s 50 day simple moving average is $54.65 and its 200-day simple moving average is $55.71.

Dominion Energy (NYSE:D) last released 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%. Equities analysts expect that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were issued a $0.6675 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a yield of 5.03%. 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.