Sanctuary Advisors LLC Raises Holdings in Dominion Energy, Inc. (NYSE:D)

Sanctuary Advisors LLC grew its position in shares of Dominion Energy, Inc. (NYSE:D) by 5.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 175,602 shares of the utilities provider’s stock after purchasing an additional 9,797 shares during the period. Sanctuary Advisors LLC’s holdings in Dominion Energy were worth $9,800,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in D. Creative Planning grew its position in shares of Dominion Energy by 2.1% during the third quarter. Creative Planning now owns 240,979 shares of the utilities provider’s stock valued at $13,926,000 after purchasing an additional 4,922 shares in the last quarter. Vontobel Holding Ltd. purchased a new position in Dominion Energy in the third quarter worth about $389,000. Howard Capital Management Group LLC purchased a new position in Dominion Energy in the third quarter worth about $210,000. Stratos Wealth Advisors LLC grew its position in Dominion Energy by 1.8% in the third quarter. Stratos Wealth Advisors LLC now owns 11,431 shares of the utilities provider’s stock worth $661,000 after acquiring an additional 204 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its position in Dominion Energy by 2.0% in the third quarter. Commonwealth Equity Services LLC now owns 574,940 shares of the utilities provider’s stock worth $33,226,000 after acquiring an additional 11,283 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

D has been the subject of several recent research reports. The Goldman Sachs Group reiterated a “neutral” rating and issued a $61.00 price target on shares of Dominion Energy in a research report on Friday, November 8th. Scotiabank lifted their price target on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Finally, Morgan Stanley initiated coverage on Dominion Energy in a research report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price target for the company. Eleven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Dominion Energy currently has a consensus rating of “Hold” and a consensus target price of $56.58.

Dominion Energy Stock Performance

Dominion Energy stock opened at $55.59 on Wednesday. The company has a 50 day moving average price of $54.42 and a 200-day moving average price of $56.33. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. Dominion Energy, Inc. has a fifty-two week low of $44.17 and a fifty-two week high of $61.97. The company has a market capitalization of $46.70 billion, a PE ratio of 19.51, a P/E/G ratio of 1.18 and a beta of 0.61.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.04. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. As a group, equities analysts forecast that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.80%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s payout ratio is 93.68%.

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.