HB Wealth Management LLC Acquires 4,861 Shares of Dominion Energy, Inc. (NYSE:D)

HB Wealth Management LLC raised its holdings in Dominion Energy, Inc. (NYSE:D) by 15.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,993 shares of the utilities provider’s stock after buying an additional 4,861 shares during the quarter. HB Wealth Management LLC’s holdings in Dominion Energy were worth $1,939,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Sanctuary Wealth Management L.L.C. bought a new stake in shares of Dominion Energy in the 3rd quarter worth approximately $28,000. Roble Belko & Company Inc purchased a new position in shares of Dominion Energy in the 4th quarter valued at approximately $27,000. Frazier Financial Advisors LLC purchased a new position in shares of Dominion Energy in the 3rd quarter valued at approximately $32,000. Dunhill Financial LLC lifted its stake in shares of Dominion Energy by 601.2% in the 3rd quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 487 shares during the period. Finally, Larson Financial Group LLC lifted its stake in shares of Dominion Energy by 282.4% in the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 449 shares during the period. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Stock Performance

NYSE D opened at $55.34 on Monday. The firm has a market cap of $46.49 billion, a price-to-earnings ratio of 19.42, a price-to-earnings-growth ratio of 1.16 and a beta of 0.60. 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 business has a 50-day moving average price of $55.49 and a 200-day moving average price of $55.76. Dominion Energy, Inc. has a twelve month low of $43.53 and a twelve month high of $61.97.

Dominion Energy (NYSE:D) last posted its earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4.18 billion. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.77 earnings per share. As a group, equities research analysts predict that Dominion Energy, Inc. will post 2.76 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were given a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a yield of 4.82%. Dominion Energy’s dividend payout ratio (DPR) is presently 93.68%.

Analyst Upgrades and Downgrades

D has been the subject of a number of research analyst reports. Scotiabank raised their target price on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. The Goldman Sachs Group restated a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a research note on Friday, November 8th. Morgan Stanley started coverage on Dominion Energy in a research note on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price objective for the company. Finally, Barclays lifted their price objective on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $56.58.

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.