Commonwealth Equity Services LLC Has $31.99 Million Stock Position in Dominion Energy, Inc. (NYSE:D)

Commonwealth Equity Services LLC grew its position in Dominion Energy, Inc. (NYSE:D) by 3.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 594,000 shares of the utilities provider’s stock after buying an additional 19,060 shares during the period. Commonwealth Equity Services LLC’s holdings in Dominion Energy were worth $31,993,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cape Investment Advisory Inc. grew its holdings in shares of Dominion Energy by 175.4% in the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock valued at $25,000 after buying an additional 300 shares during the period. BankPlus Trust Department acquired a new position in Dominion Energy in the 4th quarter worth $26,000. Roble Belko & Company Inc acquired a new position in Dominion Energy in the 4th quarter worth $27,000. Fairway Wealth LLC acquired a new position in Dominion Energy in the 4th quarter worth $27,000. Finally, Frazier Financial Advisors LLC acquired a new position in Dominion Energy in the 3rd quarter worth $32,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Up 1.0 %

Shares of D stock opened at $54.64 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The firm’s 50-day moving average is $55.12 and its 200-day moving average is $56.35. The stock has a market cap of $46.55 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 1.22 and a beta of 0.59. Dominion Energy, Inc. has a 52-week low of $46.56 and a 52-week high of $61.97.

Dominion Energy (NYSE:D) last issued its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, beating 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 predict that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be issued a $0.6675 dividend. The ex-dividend date is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.89%. Dominion Energy’s payout ratio is 98.89%.

Analyst Upgrades and Downgrades

D has been the subject of a number of research analyst reports. Morgan Stanley initiated coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 target price for the company. JPMorgan Chase & Co. upped their target price on shares of Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 11th. Finally, Scotiabank upped their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Eleven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $57.18.

Dominion Energy Company 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.