Dominion Energy, Inc. (NYSE:D) Shares Purchased by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC grew its stake in shares of Dominion Energy, Inc. (NYSE:D) by 7.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 218,606 shares of the utilities provider’s stock after acquiring an additional 14,398 shares during the period. Orion Portfolio Solutions LLC’s holdings in Dominion Energy were worth $11,774,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Cape Investment Advisory Inc. lifted its position in shares of Dominion Energy by 175.4% in the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 300 shares in the last quarter. BankPlus Trust Department purchased a new stake in shares of Dominion Energy in the fourth quarter valued at $26,000. Roble Belko & Company Inc acquired a new stake in shares of Dominion Energy in the fourth quarter worth $27,000. Fairway Wealth LLC purchased a new position in shares of Dominion Energy during the fourth quarter valued at $27,000. Finally, CBIZ Investment Advisory Services LLC raised its position in Dominion Energy by 100.4% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider’s stock valued at $28,000 after buying an additional 260 shares during the period. 73.04% of the stock is owned by institutional investors.

Analysts Set New Price Targets

D has been the subject of a number of research reports. JPMorgan Chase & Co. raised their price objective on Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. Argus raised shares of Dominion Energy to a “hold” rating in a research report on Tuesday. Scotiabank upped their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Morgan Stanley lifted their target price 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, UBS Group upped their price target on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. Thirteen analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $57.58.

Dominion Energy Stock Performance

Shares of NYSE D opened at $54.98 on Friday. The business’s 50-day simple moving average is $55.17 and its 200-day simple moving average is $56.19. 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 52 week low of $46.62 and a 52 week high of $61.97. The firm has a market cap of $46.85 billion, a price-to-earnings ratio of 20.36, a P/E/G ratio of 1.22 and a beta of 0.59.

Dominion Energy (NYSE:D) last announced its quarterly 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 research analysts expect that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date was Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is 98.89%.

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.