Signature Estate & Investment Advisors LLC Grows Holdings in Dominion Energy, Inc. (NYSE:D)

Signature Estate & Investment Advisors LLC increased its stake in Dominion Energy, Inc. (NYSE:D) by 9.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,977 shares of the utilities provider’s stock after buying an additional 665 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Dominion Energy were worth $430,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Hotchkis & Wiley Capital Management LLC lifted its holdings in Dominion Energy by 63.5% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider’s stock worth $487,567,000 after buying an additional 3,278,175 shares during the last quarter. American Century Companies Inc. raised its position in shares of Dominion Energy by 207.7% during the 4th quarter. American Century Companies Inc. now owns 3,763,898 shares of the utilities provider’s stock valued at $202,724,000 after acquiring an additional 2,540,713 shares in the last quarter. Point72 Asset Management L.P. lifted its stake in Dominion Energy by 10,324.8% during the third quarter. Point72 Asset Management L.P. now owns 2,250,811 shares of the utilities provider’s stock worth $130,074,000 after purchasing an additional 2,229,220 shares during the last quarter. State Street Corp boosted its holdings in Dominion Energy by 3.2% in the third quarter. State Street Corp now owns 44,297,832 shares of the utilities provider’s stock worth $2,559,972,000 after purchasing an additional 1,365,555 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Dominion Energy during the fourth quarter valued at $71,409,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Trading Up 1.9 %

Shares of D stock opened at $53.84 on Thursday. The firm has a market capitalization of $45.87 billion, a PE ratio of 19.94, 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, Inc. has a 1 year low of $46.62 and a 1 year high of $61.97. The stock has a fifty day moving average of $55.19 and a two-hundred day moving average of $56.22.

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 the consensus estimate 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, research analysts expect that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were issued a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.67 annualized dividend and a yield of 4.96%. Dominion Energy’s payout ratio is 98.89%.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Morgan Stanley lifted their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. JPMorgan Chase & Co. lifted their target price on Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, March 11th. Scotiabank increased their price target on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Finally, UBS Group boosted their price objective on Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. Twelve analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $57.58.

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.