Stonebridge Financial Group LLC Invests $128,000 in Dominion Energy, Inc. (NYSE:D)

Stonebridge Financial Group LLC bought a new position in shares of Dominion Energy, Inc. (NYSE:D) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 2,378 shares of the utilities provider’s stock, valued at approximately $128,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Sanctuary Wealth Management L.L.C. purchased a new position in shares of Dominion Energy in the 3rd quarter valued at approximately $28,000. Roble Belko & Company Inc purchased a new stake in Dominion Energy during the 4th quarter worth approximately $27,000. Frazier Financial Advisors LLC acquired a new position in Dominion Energy during the 3rd quarter valued at approximately $32,000. Dunhill Financial LLC raised its holdings in shares of Dominion Energy by 601.2% in the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock worth $33,000 after buying an additional 487 shares during the last quarter. Finally, Larson Financial Group LLC lifted its stake in shares of Dominion Energy by 282.4% during the third quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock worth $35,000 after buying an additional 449 shares during the period. 73.04% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on D shares. Morgan Stanley began coverage on Dominion Energy in a research report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 target price on the stock. Scotiabank increased their price objective on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a report on Friday, November 8th. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Dominion Energy has a consensus rating of “Hold” and a consensus target price of $56.58.

Dominion Energy Stock Performance

D opened at $55.86 on Thursday. The firm has a fifty day moving average price of $54.45 and a 200 day moving average price of $56.27. Dominion Energy, Inc. has a 1 year low of $43.53 and a 1 year high of $61.97. The stock has a market cap of $46.92 billion, a P/E ratio of 19.60, a P/E/G ratio of 1.18 and a beta of 0.61. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. Equities research analysts anticipate that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.78%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s payout ratio is currently 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.