SVB Wealth LLC Invests $306,000 in Dominion Energy, Inc. (NYSE:D)

SVB Wealth LLC acquired a new position in Dominion Energy, Inc. (NYSE:D) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,683 shares of the utilities provider’s stock, valued at approximately $306,000.

Other hedge funds have also recently made changes to their positions in the company. BankPlus Trust Department bought a new stake in Dominion Energy during the 4th quarter valued at $26,000. Roble Belko & Company Inc bought a new stake in Dominion Energy during the 4th quarter valued at $27,000. Sanctuary Wealth Management L.L.C. bought a new stake in Dominion Energy during the 3rd quarter valued at $28,000. Frazier Financial Advisors LLC bought a new stake in Dominion Energy during the 3rd quarter valued at $32,000. Finally, Dunhill Financial LLC raised its holdings in Dominion Energy by 601.2% during the 3rd quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock valued at $33,000 after buying an additional 487 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Scotiabank raised 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 report on Thursday, December 12th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th. Finally, Morgan Stanley assumed coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 target price for the company. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $57.00.

Dominion Energy Stock Down 0.3 %

Shares of Dominion Energy stock opened at $54.15 on Thursday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The company has a 50-day moving average of $55.03 and a 200 day moving average of $56.43. The firm has a market cap of $46.14 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 1.22 and a beta of 0.58. Dominion Energy, Inc. has a 1 year low of $46.43 and a 1 year high of $61.97.

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

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be paid 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 yield of 4.93%. Dominion Energy’s dividend payout ratio is currently 98.89%.

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.