TCI Wealth Advisors Inc. Has $758,000 Stock Position in Dominion Energy, Inc. (NYSE:D)

TCI Wealth Advisors Inc. raised its stake in Dominion Energy, Inc. (NYSE:D) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,076 shares of the utilities provider’s stock after buying an additional 243 shares during the quarter. TCI Wealth Advisors Inc.’s holdings in Dominion Energy were worth $758,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Marshall Wace LLP acquired a new position in Dominion Energy in the 2nd quarter worth $1,651,000. AQR Capital Management LLC lifted its holdings in shares of Dominion Energy by 201.9% in the second quarter. AQR Capital Management LLC now owns 33,747 shares of the utilities provider’s stock valued at $1,654,000 after purchasing an additional 22,567 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Dominion Energy by 31.5% during the second quarter. NewEdge Advisors LLC now owns 54,207 shares of the utilities provider’s stock worth $2,656,000 after buying an additional 12,999 shares during the period. EP Wealth Advisors LLC grew its holdings in shares of Dominion Energy by 12.0% during the second quarter. EP Wealth Advisors LLC now owns 8,538 shares of the utilities provider’s stock worth $418,000 after buying an additional 914 shares in the last quarter. Finally, Clearbridge Investments LLC raised its position in Dominion Energy by 14.7% in the 2nd quarter. Clearbridge Investments LLC now owns 5,134 shares of the utilities provider’s stock valued at $252,000 after buying an additional 659 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Price Performance

NYSE:D opened at $55.78 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 12-month low of $43.53 and a 12-month high of $61.97. The stock’s 50 day moving average price is $55.01 and its two-hundred day moving average price is $56.02. The firm has a market capitalization of $46.86 billion, a price-to-earnings ratio of 19.57, a P/E/G ratio of 1.20 and a beta of 0.60.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating 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 business had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $4.18 billion. During the same quarter last year, the firm posted $0.77 EPS. The company’s quarterly revenue was up 3.4% on a year-over-year basis. On average, analysts anticipate that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date is Friday, February 28th. Dominion Energy’s dividend payout ratio is presently 93.68%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Morgan Stanley assumed coverage on Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price target for the company. Barclays increased their target price 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. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th. Finally, Scotiabank boosted their price target 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. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Dominion Energy has a consensus rating of “Hold” and an average price target 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.