Dominion Energy, Inc. (NYSE:D) Shares Purchased by Horizon Investments LLC

Horizon Investments LLC raised its stake in Dominion Energy, Inc. (NYSE:D) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,827 shares of the utilities provider’s stock after acquiring an additional 294 shares during the period. Horizon Investments LLC’s holdings in Dominion Energy were worth $852,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Cape Investment Advisory Inc. increased 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 acquiring an additional 300 shares during the period. BankPlus Trust Department purchased a new position in Dominion Energy during the 4th quarter worth $26,000. Roble Belko & Company Inc acquired a new position in Dominion Energy in the fourth quarter valued at $27,000. Fairway Wealth LLC purchased a new stake in shares of Dominion Energy in the fourth quarter valued at about $27,000. Finally, CBIZ Investment Advisory Services LLC boosted its stake in shares of Dominion Energy by 100.4% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider’s stock worth $28,000 after buying an additional 260 shares during the period. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Price Performance

Shares of NYSE:D opened at $54.95 on Thursday. 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 company has a market cap of $46.82 billion, a P/E ratio of 20.35, a PEG ratio of 1.22 and a beta of 0.58. Dominion Energy, Inc. has a 52 week low of $46.56 and a 52 week high of $61.97. The company has a 50-day moving average price of $55.16 and a 200 day moving average price of $56.32.

Dominion Energy (NYSE:D) last posted its quarterly 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%. Research analysts predict that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be given a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.86%. Dominion Energy’s payout ratio is 98.89%.

Wall Street Analyst Weigh In

D has been the subject of several analyst reports. JPMorgan Chase & Co. upped their price objective on Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, March 11th. Morgan Stanley started coverage on Dominion Energy in a report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price target for the company. Finally, Scotiabank lifted their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Eleven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Dominion Energy currently has an average rating of “Hold” and an average target price of $57.18.

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.