Albion Financial Group UT Purchases 558 Shares of Dominion Energy, Inc. (NYSE:D)

Albion Financial Group UT boosted its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 279.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 758 shares of the utilities provider’s stock after purchasing an additional 558 shares during the period. Albion Financial Group UT’s holdings in Dominion Energy were worth $41,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Viking Fund Management LLC raised its position in shares of Dominion Energy by 400.0% during the fourth quarter. Viking Fund Management LLC now owns 3,500 shares of the utilities provider’s stock worth $189,000 after purchasing an additional 2,800 shares during the period. Dakota Wealth Management increased its stake in Dominion Energy by 5.2% during the 4th quarter. Dakota Wealth Management now owns 56,323 shares of the utilities provider’s stock worth $3,034,000 after purchasing an additional 2,784 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in Dominion Energy by 56.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 149,245 shares of the utilities provider’s stock worth $8,038,000 after buying an additional 53,969 shares during the period. Simon Quick Advisors LLC lifted its stake in Dominion Energy by 4.5% in the fourth quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider’s stock valued at $229,000 after buying an additional 184 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. boosted its holdings in shares of Dominion Energy by 19.1% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 6,300 shares of the utilities provider’s stock valued at $339,000 after buying an additional 1,012 shares during the period. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Stock Down 5.3 %

NYSE:D opened at $52.93 on Thursday. Dominion Energy, Inc. has a twelve month low of $43.53 and a twelve month high of $61.97. The firm has a market capitalization of $44.46 billion, a price-to-earnings ratio of 18.57, a price-to-earnings-growth ratio of 1.22 and a beta of 0.60. 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 stock’s 50 day moving average price is $55.41 and its two-hundred day moving average price is $55.90.

Dominion Energy (NYSE:D) last issued its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. The business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.77 earnings per share. Equities research analysts expect that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were paid a $0.6675 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.67 annualized dividend and a yield of 5.04%. Dominion Energy’s dividend payout ratio (DPR) is currently 93.68%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on D. Morgan Stanley assumed coverage on shares of Dominion Energy in a report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price objective on the stock. Barclays lifted their price target on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. Finally, Scotiabank lifted their target price on 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 investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $56.58.

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.