TCV Trust & Wealth Management Inc. Increases Stock Position in Dominion Energy, Inc. (NYSE:D)

TCV Trust & Wealth Management Inc. raised its position in Dominion Energy, Inc. (NYSE:D) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 62,063 shares of the utilities provider’s stock after acquiring an additional 724 shares during the quarter. TCV Trust & Wealth Management Inc.’s holdings in Dominion Energy were worth $3,343,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of D. Roble Belko & Company Inc purchased a new stake in Dominion Energy in the fourth quarter worth $27,000. Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Dominion Energy in the 3rd quarter worth about $28,000. Frazier Financial Advisors LLC bought a new stake in shares of Dominion Energy during the 3rd quarter valued at about $32,000. Dunhill Financial LLC increased its position in shares of Dominion Energy by 601.2% during the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock valued at $33,000 after buying an additional 487 shares during the period. Finally, Larson Financial Group LLC raised its stake in Dominion Energy by 282.4% in the third quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock worth $35,000 after buying an additional 449 shares in the last quarter. 73.04% of the stock is owned by institutional investors.

Dominion Energy Stock Performance

Shares of D stock opened at $55.73 on Wednesday. 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 company has a market capitalization of $46.81 billion, a price-to-earnings ratio of 19.55, a price-to-earnings-growth ratio of 1.18 and a beta of 0.61. Dominion Energy, Inc. has a one year low of $43.53 and a one year high of $61.97. The company’s 50-day moving average is $54.47 and its 200 day moving average is $56.25.

Dominion Energy Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 4.79%. The ex-dividend date is Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is currently 93.68%.

Wall Street Analysts Forecast Growth

D has been the topic of a number of research analyst reports. The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a report on Friday, November 8th. Barclays upped their price target on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Morgan Stanley initiated coverage on Dominion Energy in a report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price objective for the company. Finally, Scotiabank boosted their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Eleven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Dominion Energy presently has a consensus rating of “Hold” and a consensus target price of $56.58.

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.