Dominion Energy, Inc. (NYSE:D) Holdings Lifted by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC boosted its holdings in Dominion Energy, Inc. (NYSE:D) by 8.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,274 shares of the utilities provider’s stock after acquiring an additional 3,388 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Dominion Energy were worth $2,331,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sanctuary Wealth Management L.L.C. acquired a new position in shares of Dominion Energy in the 3rd quarter worth $28,000. Frazier Financial Advisors LLC acquired a new position in shares of Dominion Energy in the 3rd quarter valued at $32,000. Dunhill Financial LLC increased its stake in Dominion Energy by 601.2% in the 3rd quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 487 shares in the last quarter. Larson Financial Group LLC raised its holdings in Dominion Energy by 282.4% during the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock worth $35,000 after buying an additional 449 shares during the period. Finally, Reston Wealth Management LLC purchased a new stake in Dominion Energy during the third quarter valued at about $36,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Trading Up 0.6 %

Dominion Energy stock opened at $53.77 on Wednesday. Dominion Energy, Inc. has a one year low of $43.53 and a one year high of $61.97. The company’s fifty day moving average price is $55.64 and its two-hundred day moving average price is $55.68. The company has a market capitalization of $45.17 billion, a price-to-earnings ratio of 18.87, a PEG ratio of 1.44 and a beta of 0.60. 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 announced its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The firm had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same quarter in the prior year, the business earned $0.77 earnings per share. The company’s revenue was up 3.4% on a year-over-year basis. On average, analysts forecast that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date of this dividend was Friday, November 29th. Dominion Energy’s dividend payout ratio (DPR) is 93.68%.

Analysts Set New Price Targets

D has been the topic of several analyst reports. Jefferies Financial Group started coverage on shares of Dominion Energy in a research report on Friday, September 20th. They issued a “hold” rating and a $58.00 target price 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. Barclays increased their target price on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Scotiabank lifted their price target on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Finally, Morgan Stanley began coverage on Dominion Energy in a research note on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price objective for the company. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $56.58.

Dominion Energy 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.