11,373 Shares in Dominion Energy, Inc. (NYSE:D) Bought by Strive Asset Management LLC

Strive Asset Management LLC bought a new stake in Dominion Energy, Inc. (NYSE:D) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,373 shares of the utilities provider’s stock, valued at approximately $613,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC lifted its holdings in Dominion Energy by 19.8% in the third quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider’s stock valued at $141,739,000 after buying an additional 404,868 shares during the period. HB Wealth Management LLC lifted its holdings in Dominion Energy by 15.6% in the fourth quarter. HB Wealth Management LLC now owns 35,993 shares of the utilities provider’s stock valued at $1,939,000 after buying an additional 4,861 shares during the period. Pacer Advisors Inc. lifted its holdings in Dominion Energy by 12.2% in the fourth quarter. Pacer Advisors Inc. now owns 70,213 shares of the utilities provider’s stock valued at $3,782,000 after buying an additional 7,632 shares during the period. Greenwood Capital Associates LLC acquired a new position in Dominion Energy in the fourth quarter valued at $1,027,000. Finally, Teamwork Financial Advisors LLC acquired a new position in Dominion Energy in the fourth quarter valued at $498,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Argus upgraded shares of Dominion Energy to a “hold” rating in a report on Tuesday, March 25th. UBS Group lifted their price target on shares of Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Morgan Stanley lifted their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Thursday, March 20th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $52.00 price target (down from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $58.75.

Dominion Energy Stock Performance

Shares of D opened at $55.78 on Friday. Dominion Energy, Inc. has a 52 week low of $47.99 and a 52 week high of $61.97. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The stock has a 50 day moving average price of $53.92 and a two-hundred day moving average price of $55.06. The firm has a market capitalization of $47.57 billion, a P/E ratio of 20.66, a P/E/G ratio of 1.22 and a beta of 0.57.

Dominion Energy (NYSE:D) last announced its earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.11. The company had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $3.95 billion. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. Dominion Energy’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.55 earnings per share. Equities analysts forecast that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 29th will be paid a $0.6675 dividend. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $2.67 annualized dividend and a yield of 4.79%. Dominion Energy’s dividend payout ratio (DPR) is 100.00%.

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.