Vaughan David Investments LLC IL Buys 10,913 Shares of Dominion Energy, Inc. (NYSE:D)

Vaughan David Investments LLC IL boosted its stake in shares of Dominion Energy, Inc. (NYSE:D) by 2.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 542,512 shares of the utilities provider’s stock after acquiring an additional 10,913 shares during the period. Vaughan David Investments LLC IL’s holdings in Dominion Energy were worth $29,220,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. BankPlus Trust Department bought a new position in shares of Dominion Energy in the 4th quarter valued at $26,000. Roble Belko & Company Inc bought a new position in shares of Dominion Energy in the 4th quarter valued at $27,000. Sanctuary Wealth Management L.L.C. bought a new position in shares of Dominion Energy in the 3rd quarter valued at $28,000. Frazier Financial Advisors LLC bought a new position in shares of Dominion Energy in the 3rd quarter valued at $32,000. Finally, Dunhill Financial LLC increased its stake in shares of Dominion Energy by 601.2% in the 3rd quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 487 shares during the last quarter. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Down 1.0 %

NYSE D opened at $56.85 on Tuesday. The business’s 50-day moving average price is $54.64 and its two-hundred day moving average price is $56.39. Dominion Energy, Inc. has a 12 month low of $44.17 and a 12 month high of $61.97. The firm has a market capitalization of $47.75 billion, a PE ratio of 21.05, a price-to-earnings-growth ratio of 1.22 and a beta of 0.61. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, beating 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%. On average, analysts expect 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. Investors of record on Friday, February 28th will be given a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 annualized dividend and a dividend yield of 4.70%. Dominion Energy’s payout ratio is 98.89%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on D shares. Morgan Stanley began coverage on Dominion Energy in a research note on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price target on the stock. Scotiabank boosted their price objective 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, The Goldman Sachs Group restated a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $56.58.

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.