Checchi Capital Advisers LLC Raises Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Checchi Capital Advisers LLC raised its position in shares of Dominion Energy, Inc. (NYSE:D) by 7.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,875 shares of the utilities provider’s stock after purchasing an additional 337 shares during the period. Checchi Capital Advisers LLC’s holdings in Dominion Energy were worth $263,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Simon Quick Advisors LLC boosted its holdings in shares of Dominion Energy by 4.5% during the 4th quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider’s stock valued at $229,000 after purchasing an additional 184 shares during the last quarter. Cobblestone Capital Advisors LLC NY lifted its position in shares of Dominion Energy by 2.6% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 7,786 shares of the utilities provider’s stock worth $450,000 after buying an additional 195 shares in the last quarter. Passumpsic Savings Bank boosted its stake in Dominion Energy by 2.7% during the third quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider’s stock valued at $441,000 after buying an additional 199 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in Dominion Energy by 0.6% during the third quarter. Crossmark Global Holdings Inc. now owns 33,670 shares of the utilities provider’s stock valued at $1,946,000 after buying an additional 208 shares during the last quarter. Finally, Meridian Financial Partners LLC grew its holdings in Dominion Energy by 1.6% during the 4th quarter. Meridian Financial Partners LLC now owns 13,970 shares of the utilities provider’s stock valued at $752,000 after buying an additional 219 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on D. Morgan Stanley initiated coverage on Dominion Energy in a report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price objective on the stock. Scotiabank increased 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 report on Thursday, December 12th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a research note on Friday, November 8th. Eleven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $56.58.

Dominion Energy Trading Down 0.9 %

Shares of D opened at $56.60 on Friday. Dominion Energy, Inc. has a twelve month low of $44.17 and a twelve month high of $61.97. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The company’s fifty day simple moving average is $54.88 and its 200-day simple moving average is $56.42. The company has a market cap of $47.54 billion, a P/E ratio of 20.96, a P/E/G ratio of 1.22 and a beta of 0.61.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. As a group, analysts expect that Dominion Energy, Inc. will post 3.39 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 issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s payout ratio is currently 98.89%.

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.