HF Advisory Group LLC Buys 328 Shares of Dominion Energy, Inc. (NYSE:D)

HF Advisory Group LLC increased its stake in Dominion Energy, Inc. (NYSE:D) by 6.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,131 shares of the utilities provider’s stock after buying an additional 328 shares during the quarter. HF Advisory Group LLC’s holdings in Dominion Energy were worth $241,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of D. Sei Investments Co. lifted its position in Dominion Energy by 7.7% in the first quarter. Sei Investments Co. now owns 168,723 shares of the utilities provider’s stock worth $14,325,000 after buying an additional 12,002 shares during the last quarter. Prudential PLC purchased a new stake in Dominion Energy in the first quarter worth $1,528,000. Sequoia Financial Advisors LLC increased its stake in Dominion Energy by 30.0% in the first quarter. Sequoia Financial Advisors LLC now owns 7,195 shares of the utilities provider’s stock worth $611,000 after purchasing an additional 1,661 shares during the period. Covestor Ltd increased its stake in Dominion Energy by 49.8% in the first quarter. Covestor Ltd now owns 394 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 131 shares during the period. Finally, Merit Financial Group LLC purchased a new stake in Dominion Energy in the first quarter worth $419,000. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Stock Up 0.5 %

Shares of D stock opened at $48.55 on Friday. The stock has a 50 day moving average of $47.50 and a 200 day moving average of $46.01. The company has a current ratio of 1.04, a quick ratio of 0.97 and a debt-to-equity ratio of 1.29. The stock has a market cap of $40.66 billion, a P/E ratio of 20.84, a P/E/G ratio of 1.90 and a beta of 0.61. Dominion Energy, Inc. has a twelve month low of $39.18 and a twelve month high of $57.90.

Dominion Energy (NYSE:D) last announced its earnings results on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.11). The business had revenue of $3.53 billion for the quarter, compared to analyst estimates of $4.21 billion. Dominion Energy had a return on equity of 8.83% and a net margin of 12.40%. The company’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.06 earnings per share. As a group, sell-side analysts expect that Dominion Energy, Inc. will post 2.86 EPS for the current year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Friday, March 1st were paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 5.50%. The ex-dividend date was Thursday, February 29th. Dominion Energy’s payout ratio is 114.59%.

Analysts Set New Price Targets

D has been the topic of a number of recent analyst reports. Guggenheim reduced their target price on Dominion Energy from $57.00 to $52.00 and set a “buy” rating on the stock in a research note on Monday, March 4th. Scotiabank reduced their target price on Dominion Energy from $50.00 to $49.00 and set a “sector perform” rating on the stock in a research note on Monday, March 4th. Mizuho reduced their target price on Dominion Energy from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 6th. StockNews.com lowered Dominion Energy from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Finally, BMO Capital Markets lowered Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price target on the stock. in a research note on Monday, March 11th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Dominion Energy presently has an average rating of “Hold” and an average price target of $50.10.

Insider Transactions at Dominion Energy

In other news, CEO Robert M. Blue acquired 21,735 shares of Dominion Energy stock in a transaction that occurred on Monday, March 4th. The stock was purchased at an average cost of $45.91 per share, with a total value of $997,853.85. Following the purchase, the chief executive officer now owns 176,240 shares in the company, valued at $8,091,178.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Robert M. Blue acquired 21,735 shares of Dominion Energy stock in a transaction that occurred on Monday, March 4th. The stock was purchased at an average cost of $45.91 per share, with a total value of $997,853.85. Following the purchase, the chief executive officer now owns 176,240 shares in the company, valued at $8,091,178.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Joseph M. Rigby acquired 2,130 shares of Dominion Energy stock in a transaction that occurred on Wednesday, March 6th. The stock was purchased at an average cost of $46.94 per share, with a total value of $99,982.20. Following the completion of the purchase, the director now owns 8,417 shares in the company, valued at approximately $395,093.98. The disclosure for this purchase can be found here. Corporate insiders own 0.14% of the company’s stock.

About Dominion Energy

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.