MFG Wealth Management Inc. Makes New $1.65 Million Investment in Dominion Energy, Inc. (NYSE:D)

MFG Wealth Management Inc. purchased a new stake in Dominion Energy, Inc. (NYSE:D) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 30,544 shares of the utilities provider’s stock, valued at approximately $1,645,000.

Other large investors also recently bought and sold shares of the company. Exchange Traded Concepts LLC lifted its holdings in shares of Dominion Energy by 118.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 15,288 shares of the utilities provider’s stock valued at $883,000 after acquiring an additional 8,287 shares in the last quarter. Sapient Capital LLC acquired a new stake in shares of Dominion Energy in the 3rd quarter valued at about $222,000. CX Institutional increased its holdings in shares of Dominion Energy by 4.8% in the 3rd quarter. CX Institutional now owns 4,770 shares of the utilities provider’s stock valued at $276,000 after acquiring an additional 220 shares during the last quarter. Creative Planning boosted its holdings in shares of Dominion Energy by 2.1% in the 3rd quarter. Creative Planning now owns 240,979 shares of the utilities provider’s stock valued at $13,926,000 after buying an additional 4,922 shares during the period. Finally, Bill Few Associates Inc. boosted its stake in Dominion Energy by 3.1% in the third quarter. Bill Few Associates Inc. now owns 56,875 shares of the utilities provider’s stock valued at $3,287,000 after acquiring an additional 1,722 shares during the period. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Up 0.3 %

Dominion Energy stock opened at $55.86 on Thursday. Dominion Energy, Inc. has a fifty-two week low of $43.53 and a fifty-two week high of $61.97. The firm has a market capitalization of $46.92 billion, a price-to-earnings ratio of 19.60, a PEG 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. The company’s 50 day simple moving average is $54.45 and its 200 day simple moving average is $56.27.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.04. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. As a group, sell-side analysts anticipate that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be given a dividend of $0.6675 per share. The ex-dividend date is Friday, February 28th. This represents a $2.67 annualized dividend and a dividend yield of 4.78%. Dominion Energy’s dividend payout ratio is currently 93.68%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on D. The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a research report on Friday, November 8th. Scotiabank lifted their target price on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Finally, Morgan Stanley started coverage on Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price target on the stock. Eleven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Dominion Energy presently has an average rating of “Hold” and an average 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.