Dominion Energy, Inc. (NYSE:D) Position Raised by Carson Advisory Inc.

Carson Advisory Inc. grew its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 5.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 72,195 shares of the utilities provider’s stock after purchasing an additional 3,458 shares during the period. Dominion Energy makes up approximately 2.7% of Carson Advisory Inc.’s holdings, making the stock its 7th largest position. Carson Advisory Inc.’s holdings in Dominion Energy were worth $3,888,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in D. Cape Investment Advisory Inc. increased its stake in Dominion Energy by 175.4% during the 4th 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 purchased a new stake in shares of Dominion Energy during the fourth quarter valued at approximately $26,000. Roble Belko & Company Inc bought a new stake in shares of Dominion Energy during the fourth quarter valued at approximately $27,000. Fairway Wealth LLC purchased a new position in Dominion Energy in the 4th quarter worth approximately $27,000. Finally, CBIZ Investment Advisory Services LLC lifted its position in Dominion Energy by 100.4% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 260 shares in the last quarter. 73.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. restated an “underweight” rating and issued a $52.00 price target (down previously from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. Argus raised Dominion Energy to a “hold” rating in a research report on Tuesday, March 25th. Morgan Stanley raised their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. Finally, UBS Group boosted their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, March 21st. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $57.00.

Dominion Energy Stock Performance

D opened at $52.67 on Friday. The firm has a market cap of $44.89 billion, a P/E ratio of 19.51, a PEG ratio of 1.22 and a beta of 0.57. Dominion Energy, Inc. has a 1-year low of $46.62 and a 1-year high of $61.97. The company has a 50 day simple moving average of $54.74 and a two-hundred day simple moving average of $55.81. 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 quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. Equities analysts forecast that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were issued a $0.6675 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a yield of 5.07%. Dominion Energy’s dividend payout ratio is presently 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.