Heritage Investors Management Corp Acquires 807 Shares of Dominion Energy, Inc. (NYSE:D)

Heritage Investors Management Corp grew its position in Dominion Energy, Inc. (NYSE:D) by 7.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,710 shares of the utilities provider’s stock after acquiring an additional 807 shares during the period. Heritage Investors Management Corp’s holdings in Dominion Energy were worth $631,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Howard Capital Management Group LLC acquired a new stake in Dominion Energy during the 3rd quarter worth $210,000. Arkadios Wealth Advisors boosted its stake in shares of Dominion Energy by 5.3% in the third quarter. Arkadios Wealth Advisors now owns 4,361 shares of the utilities provider’s stock valued at $252,000 after purchasing an additional 220 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in shares of Dominion Energy by 7.1% during the third quarter. DekaBank Deutsche Girozentrale now owns 145,721 shares of the utilities provider’s stock worth $8,289,000 after purchasing an additional 9,618 shares during the period. Pallas Capital Advisors LLC acquired a new stake in shares of Dominion Energy in the 3rd quarter worth about $318,000. Finally, abrdn plc boosted its position in shares of Dominion Energy by 16.2% during the 3rd quarter. abrdn plc now owns 358,900 shares of the utilities provider’s stock valued at $20,656,000 after purchasing an additional 50,150 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Trading Down 0.9 %

Shares of D stock opened at $56.60 on Friday. Dominion Energy, Inc. has a 1-year low of $44.17 and a 1-year high of $61.97. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The business has a 50-day moving average of $54.88 and a 200 day moving average of $56.42. The stock has a market capitalization of $47.54 billion, a PE ratio of 20.96, a P/E/G ratio of 1.22 and a beta of 0.61.

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

Dominion Energy Announces Dividend

The company also recently disclosed 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. This represents a $2.67 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is presently 98.89%.

Analyst Ratings Changes

A number of research firms have issued reports on D. Scotiabank lifted their target price 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. The Goldman Sachs Group reissued a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a report on Friday, November 8th. Finally, Morgan Stanley initiated coverage on Dominion Energy in a research report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 target price on the stock. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Dominion Energy currently has a consensus rating of “Hold” and an average target price of $56.58.

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.