Virtu Financial LLC Buys New Position in Dominion Energy, Inc. (NYSE:D)

Virtu Financial LLC purchased a new position in Dominion Energy, Inc. (NYSE:D) during the 4th quarter, Holdings Channel reports. The fund purchased 13,965 shares of the utilities provider’s stock, valued at approximately $752,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Sciencast Management LP purchased a new position in Dominion Energy during the fourth quarter valued at $664,000. Millstone Evans Group LLC purchased a new position in shares of Dominion Energy during the 4th quarter valued at about $62,000. 1620 Investment Advisors Inc. grew its stake in shares of Dominion Energy by 3.2% during the 4th quarter. 1620 Investment Advisors Inc. now owns 8,675 shares of the utilities provider’s stock valued at $467,000 after acquiring an additional 273 shares during the period. Whittier Trust Co. of Nevada Inc. increased its holdings in Dominion Energy by 3.9% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 9,695 shares of the utilities provider’s stock worth $522,000 after acquiring an additional 361 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its stake in Dominion Energy by 781.8% during the 4th quarter. Teacher Retirement System of Texas now owns 49,485 shares of the utilities provider’s stock worth $2,665,000 after acquiring an additional 43,873 shares during the period. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

D has been the subject of a number of analyst reports. Morgan Stanley increased their price objective on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. UBS Group increased their price target on Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday. 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. Finally, JPMorgan Chase & Co. increased their target price on Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. Twelve investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $57.58.

Dominion Energy Trading Down 0.5 %

D stock opened at $54.29 on Tuesday. The firm has a fifty day moving average price of $55.21 and a 200 day moving average price of $56.27. Dominion Energy, Inc. has a fifty-two week low of $46.56 and a fifty-two week high of $61.97. The firm has a market cap of $46.26 billion, a PE ratio of 20.11, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59. 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 issued its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 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%. Sell-side analysts anticipate that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were given a dividend of $0.6675 per share. The ex-dividend date was Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a yield of 4.92%. Dominion Energy’s dividend payout ratio (DPR) is presently 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.