Miller Financial Services LLC Buys Shares of 12,476 Dominion Energy, Inc. (NYSE:D)

Miller Financial Services LLC bought a new stake in Dominion Energy, Inc. (NYSE:D) during the fourth quarter, HoldingsChannel.com reports. The fund bought 12,476 shares of the utilities provider’s stock, valued at approximately $672,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Simon Quick Advisors LLC grew its holdings in Dominion Energy by 4.5% during the fourth quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider’s stock worth $229,000 after acquiring an additional 184 shares during the period. Cobblestone Capital Advisors LLC NY grew its holdings in Dominion Energy by 2.6% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 7,786 shares of the utilities provider’s stock worth $450,000 after acquiring an additional 195 shares during the period. Passumpsic Savings Bank grew its holdings in Dominion Energy by 2.7% during the third quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider’s stock worth $441,000 after acquiring an additional 199 shares during the period. Crossmark Global Holdings Inc. grew its holdings 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 worth $1,946,000 after acquiring an additional 208 shares during the period. Finally, Meridian Financial Partners LLC grew its holdings in Dominion Energy by 1.6% during the fourth quarter. Meridian Financial Partners LLC now owns 13,970 shares of the utilities provider’s stock worth $752,000 after acquiring an additional 219 shares during the period. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Price Performance

Shares of D opened at $56.43 on Tuesday. The company has a market capitalization of $48.08 billion, a price-to-earnings ratio of 20.90, a P/E/G ratio of 1.22 and a beta of 0.59. Dominion Energy, Inc. has a fifty-two week low of $46.56 and a fifty-two week high of $61.97. 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 business’s 50-day moving average is $55.10 and its 200-day moving average is $56.40.

Dominion Energy (NYSE:D) last released its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) 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%. Equities research analysts expect that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be given a $0.6675 dividend. The ex-dividend date is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a yield of 4.73%. Dominion Energy’s payout ratio is 98.89%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on D shares. 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. Morgan Stanley assumed coverage on Dominion Energy in a research report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price target for the company. Eleven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and an average price target of $57.00.

About Dominion Energy

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.