Goodman Advisory Group LLC Takes Position in Dominion Energy, Inc. (NYSE:D)

Goodman Advisory Group LLC acquired a new position in Dominion Energy, Inc. (NYSE:D) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 39,141 shares of the utilities provider’s stock, valued at approximately $2,108,000.

Several other large investors also recently added to or reduced their stakes in D. Cape Investment Advisory Inc. boosted its stake in shares of Dominion Energy by 175.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 300 shares during the period. BankPlus Trust Department bought a new stake in shares of Dominion Energy in the fourth quarter worth about $26,000. Roble Belko & Company Inc purchased a new position in Dominion Energy during the 4th quarter valued at approximately $27,000. Fairway Wealth LLC purchased a new stake in shares of Dominion Energy during the 4th quarter worth approximately $27,000. Finally, CBIZ Investment Advisory Services LLC boosted its position in shares of Dominion Energy by 100.4% during 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 during the last quarter. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Price Performance

NYSE D opened at $53.07 on Friday. The firm’s fifty day simple moving average is $54.65 and its two-hundred day simple moving average is $55.71. The firm has a market capitalization of $45.22 billion, a P/E ratio of 19.65, a P/E/G ratio of 1.22 and a beta of 0.57. 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, Inc. has a 12-month low of $47.99 and a 12-month high of $61.97.

Dominion Energy (NYSE:D) last announced its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. Analysts forecast that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date of this dividend was Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is presently 98.89%.

Wall Street Analyst Weigh In

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

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.