Newbridge Financial Services Group Inc. Purchases 3,128 Shares of Dominion Energy, Inc. (NYSE:D)

Newbridge Financial Services Group Inc. raised its position in Dominion Energy, Inc. (NYSE:D) by 94.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 6,440 shares of the utilities provider’s stock after acquiring an additional 3,128 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in Dominion Energy were worth $347,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Roble Belko & Company Inc purchased a new position in shares of Dominion Energy in the 4th quarter valued at approximately $27,000. Sanctuary Wealth Management L.L.C. acquired a new position in Dominion Energy during the 3rd quarter valued at approximately $28,000. Frazier Financial Advisors LLC purchased a new position in shares of Dominion Energy in the third quarter worth $32,000. Dunhill Financial LLC lifted its stake in shares of Dominion Energy by 601.2% during the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock worth $33,000 after buying an additional 487 shares during the period. Finally, Larson Financial Group LLC grew its holdings in shares of Dominion Energy by 282.4% during the third quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock valued at $35,000 after buying an additional 449 shares during the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Stock Performance

D opened at $54.64 on Monday. The firm has a fifty day moving average price of $54.51 and a 200 day moving average price of $56.20. Dominion Energy, Inc. has a 1 year low of $43.53 and a 1 year high of $61.97. The stock has a market cap of $45.90 billion, a P/E ratio of 19.17, a P/E/G ratio of 1.18 and a beta of 0.61. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be given a $0.6675 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.89%. Dominion Energy’s dividend payout ratio (DPR) is currently 93.68%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on D shares. The Goldman Sachs Group restated a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a research note on Friday, November 8th. Morgan Stanley began coverage on Dominion Energy in a report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 target price for the company. Barclays increased their price target on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Finally, Scotiabank lifted their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Dominion Energy presently has an average rating of “Hold” and an average price target 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.