Foundations Investment Advisors LLC Increases Stake in Dominion Energy, Inc. (NYSE:D)

Foundations Investment Advisors LLC increased its position in shares of Dominion Energy, Inc. (NYSE:D) by 3.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,763 shares of the utilities provider’s stock after buying an additional 365 shares during the period. Foundations Investment Advisors LLC’s holdings in Dominion Energy were worth $634,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Roble Belko & Company Inc purchased a new position in shares of Dominion Energy in the 4th quarter valued at about $27,000. Sanctuary Wealth Management L.L.C. purchased a new position in Dominion Energy in the third quarter valued at approximately $28,000. Frazier Financial Advisors LLC acquired a new stake in Dominion Energy during the third quarter worth approximately $32,000. Dunhill Financial LLC lifted its position in shares of Dominion Energy by 601.2% during the 3rd 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 last quarter. Finally, Larson Financial Group LLC boosted its holdings in shares of Dominion Energy by 282.4% in the 3rd 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 in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Price Performance

Shares of NYSE:D opened at $55.78 on Friday. Dominion Energy, Inc. has a one year low of $43.53 and a one year high of $61.97. The stock has a market cap of $46.86 billion, a PE ratio of 19.57, a price-to-earnings-growth ratio of 1.15 and a beta of 0.60. The business’s fifty day moving average price is $55.06 and its two-hundred day moving average price is $56.03. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74.

Dominion Energy (NYSE:D) last released its quarterly 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 net margin of 16.95% and a return on equity of 8.35%. The company had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $4.18 billion. During the same period last year, the company earned $0.77 EPS. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, analysts forecast that Dominion Energy, Inc. will post 2.76 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on D. Barclays lifted their price target on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. The Goldman Sachs Group reissued a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a report on Friday, November 8th. Scotiabank boosted 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. Finally, Morgan Stanley initiated coverage on 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 investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average 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.