Bay Capital Advisors LLC Acquires New Position in Dominion Energy, Inc. (NYSE:D)

Bay Capital Advisors LLC bought a new position in Dominion Energy, Inc. (NYSE:D) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 13,339 shares of the utilities provider’s stock, valued at approximately $718,000.

Several other institutional investors also recently bought and sold shares of D. Signature Estate & Investment Advisors LLC grew its holdings in Dominion Energy by 9.1% in the 4th quarter. Signature Estate & Investment Advisors LLC now owns 7,977 shares of the utilities provider’s stock valued at $430,000 after buying an additional 665 shares during the period. CoreFirst Bank & Trust acquired a new stake in shares of Dominion Energy in the fourth quarter worth approximately $42,000. Congress Wealth Management LLC DE grew its holdings in Dominion Energy by 4.6% in the fourth quarter. Congress Wealth Management LLC DE now owns 190,074 shares of the utilities provider’s stock valued at $10,237,000 after purchasing an additional 8,349 shares during the period. Crowley Wealth Management Inc. acquired a new position in Dominion Energy during the fourth quarter worth approximately $270,000. Finally, Vanguard Group Inc. raised its stake in Dominion Energy by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 89,513,956 shares of the utilities provider’s stock worth $4,821,222,000 after purchasing an additional 674,859 shares during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently issued reports on D shares. JPMorgan Chase & Co. boosted their price objective on shares of Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, March 11th. UBS Group raised their price objective on Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday. Scotiabank boosted their target price on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Finally, 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. Twelve equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Dominion Energy has a consensus rating of “Hold” and an average target price of $57.58.

Dominion Energy Stock Down 0.5 %

Shares of NYSE D opened at $54.29 on Tuesday. 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 1 year low of $46.56 and a 1 year high of $61.97. The stock’s 50-day simple moving average is $55.21 and its 200-day simple moving average is $56.27. The firm has a market cap of $46.26 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 1.22 and a beta of 0.59.

Dominion Energy (NYSE:D) last released its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, beating 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%. As a group, equities analysts anticipate that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.92%. The ex-dividend date of this dividend was Friday, February 28th. Dominion Energy’s payout ratio is currently 98.89%.

Dominion Energy 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.