NEOS Investment Management LLC Increases Position in Dominion Energy, Inc. (NYSE:D)

NEOS Investment Management LLC grew its holdings in Dominion Energy, Inc. (NYSE:D) by 31.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,524 shares of the utilities provider’s stock after purchasing an additional 12,342 shares during the quarter. NEOS Investment Management LLC’s holdings in Dominion Energy were worth $2,775,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Simon Quick Advisors LLC raised its stake in Dominion Energy by 4.5% during the fourth 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 during the period. Cobblestone Capital Advisors LLC NY raised its position in shares of Dominion Energy by 2.6% during the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 7,786 shares of the utilities provider’s stock valued at $450,000 after buying an additional 195 shares during the period. Choate Investment Advisors lifted its holdings in Dominion Energy by 5.4% in the fourth quarter. Choate Investment Advisors now owns 3,880 shares of the utilities provider’s stock valued at $209,000 after acquiring an additional 198 shares during the last quarter. Passumpsic Savings Bank grew its position in Dominion Energy by 2.7% in the third quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider’s stock worth $441,000 after acquiring an additional 199 shares during the period. Finally, Meridian Financial Partners LLC increased its stake in Dominion Energy by 1.6% during the fourth quarter. Meridian Financial Partners LLC now owns 13,970 shares of the utilities provider’s stock worth $752,000 after acquiring an additional 219 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Stock Up 0.9 %

Shares of NYSE D opened at $54.98 on Friday. Dominion Energy, Inc. has a 12-month low of $46.62 and a 12-month high of $61.97. The stock has a market cap of $46.85 billion, a P/E ratio of 20.36, a PEG ratio of 1.22 and a beta of 0.59. 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 fifty day simple moving average is $55.17 and its 200-day simple moving average is $56.19.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. As a group, equities analysts predict that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.86%. The ex-dividend date of this dividend was Friday, February 28th. Dominion Energy’s dividend payout ratio is presently 98.89%.

Wall Street Analyst Weigh In

D has been the topic of several recent analyst reports. Scotiabank upped their price target 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. UBS Group increased their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. Morgan Stanley boosted their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Thursday, March 20th. JPMorgan Chase & Co. increased their price objective on shares of Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. Finally, Argus raised Dominion Energy to a “hold” rating in a research report on Tuesday. Thirteen 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, Dominion Energy has an average rating of “Hold” and a consensus price target of $57.58.

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.