SageView Advisory Group LLC Buys 7,686 Shares of Dominion Energy, Inc. (NYSE:D)

SageView Advisory Group LLC lifted its position in shares of Dominion Energy, Inc. (NYSE:D) by 47.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,765 shares of the utilities provider’s stock after acquiring an additional 7,686 shares during the quarter. SageView Advisory Group LLC’s holdings in Dominion Energy were worth $1,280,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Cape Investment Advisory Inc. boosted its stake in Dominion Energy by 175.4% in the fourth 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 during the last quarter. BankPlus Trust Department bought a new position in shares of Dominion Energy in the 4th quarter worth $26,000. Roble Belko & Company Inc acquired a new stake in shares of Dominion Energy during the fourth quarter worth $27,000. Fairway Wealth LLC bought a new stake in Dominion Energy in the fourth quarter valued at about $27,000. Finally, CBIZ Investment Advisory Services LLC lifted its stake in Dominion Energy by 100.4% in 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. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Performance

D opened at $52.67 on Monday. The company has a market capitalization of $44.89 billion, a price-to-earnings ratio of 19.51, a P/E/G ratio of 1.22 and a beta of 0.57. The business’s 50-day moving average price is $54.74 and its two-hundred day moving average price is $55.80. Dominion Energy, Inc. has a 1 year low of $46.62 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.

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%. Equities analysts expect that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date of this dividend was Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is currently 98.89%.

Wall Street Analyst Weigh In

D has been the subject of several analyst reports. UBS Group boosted their target price on Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $52.00 target price (down previously from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. Morgan Stanley lifted their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 20th. Finally, Argus upgraded shares of Dominion Energy to a “hold” rating in a research report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $57.00.

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.