Commonwealth Equity Services LLC Has $31.99 Million Stock Position in Dominion Energy, Inc. (NYSE:D)

Commonwealth Equity Services LLC raised its stake in shares of Dominion Energy, Inc. (NYSE:D) by 3.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 594,000 shares of the utilities provider’s stock after purchasing an additional 19,060 shares during the quarter. Commonwealth Equity Services LLC owned 0.07% of Dominion Energy worth $31,993,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Cape Investment Advisory Inc. boosted its holdings in Dominion Energy by 175.4% during 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 in the last quarter. BankPlus Trust Department acquired a new position in shares of Dominion Energy in the 4th quarter worth approximately $26,000. Roble Belko & Company Inc acquired a new position in shares of Dominion Energy in the 4th quarter worth approximately $27,000. Fairway Wealth LLC acquired a new position in shares of Dominion Energy in the 4th quarter worth approximately $27,000. Finally, Frazier Financial Advisors LLC acquired a new position in shares of Dominion Energy in the 3rd quarter worth approximately $32,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Morgan Stanley assumed coverage on Dominion Energy in a report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 target price on the stock. Scotiabank boosted their target price on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. boosted their target price on Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, March 11th. Eleven analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Dominion Energy has an average rating of “Hold” and an average target price of $57.18.

Dominion Energy Stock Performance

D stock opened at $54.64 on Friday. The company has a 50 day moving average price of $55.12 and a 200 day moving average price of $56.35. The stock has a market capitalization of $46.55 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59. Dominion Energy, Inc. has a fifty-two week low of $46.56 and a fifty-two week high of $61.97. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58.

Dominion Energy (NYSE:D) last issued its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, beating 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%. Analysts forecast that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.89%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s payout ratio is 98.89%.

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.