Sciencast Management LP Invests $664,000 in Dominion Energy, Inc. (NYSE:D)

Sciencast Management LP purchased a new stake in Dominion Energy, Inc. (NYSE:D) in the fourth quarter, Holdings Channel.com reports. The firm purchased 12,336 shares of the utilities provider’s stock, valued at approximately $664,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cape Investment Advisory Inc. boosted its holdings in Dominion Energy by 175.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 300 shares during the last quarter. BankPlus Trust Department purchased a new position in Dominion Energy in the fourth quarter valued at about $26,000. Roble Belko & Company Inc purchased a new position in Dominion Energy in the fourth quarter valued at about $27,000. Fairway Wealth LLC purchased a new position in Dominion Energy in the fourth quarter valued at about $27,000. Finally, CBIZ Investment Advisory Services LLC boosted its holdings in Dominion Energy by 100.4% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 260 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Down 0.9 %

Shares of Dominion Energy stock opened at $54.51 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The business’s 50 day simple moving average is $55.19 and its 200-day simple moving average is $56.30. The stock has a market capitalization of $46.44 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 1.22 and a beta of 0.58. Dominion Energy, Inc. has a twelve month low of $46.56 and a twelve month high of $61.97.

Dominion Energy (NYSE:D) last announced its quarterly earnings results 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 return on equity of 8.99% and a net margin of 16.22%. Equities research analysts forecast that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.90%. The ex-dividend date was Friday, February 28th. Dominion Energy’s payout ratio is 98.89%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on D shares. UBS Group increased their price target on Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a report on Friday. 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 upped their price objective on Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, Scotiabank upped their price objective 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. Twelve investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $57.58.

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.