Dominion Energy, Inc. (NYSE:D) Shares Bought by Patten & Patten Inc. TN

Patten & Patten Inc. TN grew its position in shares of Dominion Energy, Inc. (NYSE:D) by 23.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,555 shares of the utilities provider’s stock after acquiring an additional 4,092 shares during the quarter. Patten & Patten Inc. TN’s holdings in Dominion Energy were worth $1,161,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cape Investment Advisory Inc. increased its holdings in shares of Dominion Energy by 175.4% in the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 300 shares during the last quarter. BankPlus Trust Department bought a new stake in shares of Dominion Energy in the 4th quarter valued at approximately $26,000. Roble Belko & Company Inc bought a new stake in shares of Dominion Energy in the 4th quarter valued at approximately $27,000. Fairway Wealth LLC acquired a new position in Dominion Energy during the 4th quarter valued at approximately $27,000. Finally, CBIZ Investment Advisory Services LLC boosted its position in Dominion Energy by 100.4% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 260 shares during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

D has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their price objective on Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, March 11th. Morgan Stanley initiated coverage on Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price objective for the company. Finally, Scotiabank boosted their price objective on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Eleven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $57.18.

Dominion Energy Trading Up 1.0 %

Shares of Dominion Energy stock opened at $54.64 on Monday. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The firm has a market cap of $46.55 billion, a price-to-earnings ratio of 20.24, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59. The business has a fifty day simple moving average of $55.12 and a 200-day simple moving average of $56.35. Dominion Energy, Inc. has a fifty-two week low of $46.56 and a fifty-two week high of $61.97.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. On average, equities analysts forecast that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be issued a $0.6675 dividend. The ex-dividend date is Friday, February 28th. This represents a $2.67 annualized dividend and a dividend yield of 4.89%. Dominion Energy’s dividend payout ratio (DPR) is 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.