Albion Financial Group UT Has $41,000 Stake in Dominion Energy, Inc. (NYSE:D)

Albion Financial Group UT grew its stake in shares of Dominion Energy, Inc. (NYSE:D) by 279.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 758 shares of the utilities provider’s stock after buying an additional 558 shares during the period. Albion Financial Group UT’s holdings in Dominion Energy were worth $41,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in D. Viking Fund Management LLC boosted its stake in Dominion Energy by 400.0% in the 4th quarter. Viking Fund Management LLC now owns 3,500 shares of the utilities provider’s stock valued at $189,000 after buying an additional 2,800 shares in the last quarter. Dakota Wealth Management boosted its stake in shares of Dominion Energy by 5.2% in the 4th quarter. Dakota Wealth Management now owns 56,323 shares of the utilities provider’s stock valued at $3,034,000 after purchasing an additional 2,784 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Dominion Energy by 56.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 149,245 shares of the utilities provider’s stock worth $8,038,000 after purchasing an additional 53,969 shares during the last quarter. Simon Quick Advisors LLC increased its position in shares of Dominion Energy by 4.5% during the 4th quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider’s stock worth $229,000 after purchasing an additional 184 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. lifted its holdings in Dominion Energy by 19.1% during the 4th quarter. ZWJ Investment Counsel Inc. now owns 6,300 shares of the utilities provider’s stock valued at $339,000 after purchasing an additional 1,012 shares during the last quarter. Institutional investors own 73.04% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on D shares. Barclays raised their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Scotiabank boosted their price objective on Dominion Energy from $58.00 to $61.00 and gave the stock 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. Finally, Morgan Stanley initiated coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price target on the stock. Eleven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $56.58.

Dominion Energy Price Performance

Shares of D stock opened at $52.93 on Thursday. The firm’s 50 day moving average price is $55.41 and its two-hundred day moving average price is $55.90. 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 52-week low of $43.53 and a 52-week high of $61.97. The stock has a market cap of $44.46 billion, a PE ratio of 18.57, a PEG ratio of 1.22 and a beta of 0.60.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.05. The business had revenue of $3.94 billion for the quarter, compared to analyst estimates 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 was up 3.4% on a year-over-year basis. During the same period last year, the company earned $0.77 EPS. As a group, analysts forecast that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were given a $0.6675 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.04%. Dominion Energy’s dividend payout ratio is 93.68%.

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.