Smith Group Asset Management LLC Buys New Shares in Dominion Energy, Inc. (NYSE:D)

Smith Group Asset Management LLC bought a new position in Dominion Energy, Inc. (NYSE:D) during the 4th quarter, HoldingsChannel reports. The fund bought 6,800 shares of the utilities provider’s stock, valued at approximately $366,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Marshall Wace LLP bought a new stake in shares of Dominion Energy during the second quarter valued at approximately $1,651,000. AQR Capital Management LLC raised its position in Dominion Energy by 201.9% in the second quarter. AQR Capital Management LLC now owns 33,747 shares of the utilities provider’s stock worth $1,654,000 after acquiring an additional 22,567 shares during the period. Creative Planning raised its holdings in Dominion Energy by 1.1% in the 2nd quarter. Creative Planning now owns 236,057 shares of the utilities provider’s stock worth $11,567,000 after purchasing an additional 2,606 shares during the period. NewEdge Advisors LLC lifted its position in shares of Dominion Energy by 31.5% during the 2nd quarter. NewEdge Advisors LLC now owns 54,207 shares of the utilities provider’s stock valued at $2,656,000 after buying an additional 12,999 shares in the last quarter. Finally, Kimelman & Baird LLC purchased a new position in Dominion Energy during the second quarter valued at approximately $36,000. 73.04% of the stock is owned by institutional investors.

Dominion Energy Trading Down 0.2 %

Shares of D stock opened at $55.18 on Thursday. The stock has a market cap of $46.35 billion, a price-to-earnings ratio of 19.36, a PEG ratio of 1.15 and a beta of 0.60. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The company’s 50-day moving average price is $55.11 and its 200-day moving average price is $56.03. Dominion Energy, Inc. has a twelve month low of $43.53 and a twelve month high of $61.97.

Dominion Energy (NYSE:D) last posted its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.05. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The company had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same quarter last year, the firm earned $0.77 earnings per share. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. As a group, equities analysts predict that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.84%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is presently 93.68%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. Scotiabank boosted their target price 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. Barclays increased their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Finally, Morgan Stanley assumed coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They set an “equal weight” rating and a $61.00 target price for the company. Eleven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $56.58.

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.