MWA Asset Management Purchases New Position in Dominion Energy, Inc. (NYSE:D)

MWA Asset Management acquired a new position in shares of Dominion Energy, Inc. (NYSE:D) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,155 shares of the utilities provider’s stock, valued at approximately $332,000.

Other hedge funds also recently modified their holdings of the company. Roble Belko & Company Inc bought a new stake in Dominion Energy during the 4th quarter worth about $27,000. Sanctuary Wealth Management L.L.C. acquired a new position in shares of Dominion Energy during the third quarter worth approximately $28,000. Frazier Financial Advisors LLC bought a new stake in shares of Dominion Energy during the third quarter valued at approximately $32,000. Dunhill Financial LLC increased its holdings in shares of Dominion Energy by 601.2% in the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 487 shares in the last quarter. Finally, Larson Financial Group LLC raised its position in Dominion Energy by 282.4% in the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 449 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Up 0.5 %

Shares of NYSE D opened at $54.64 on Friday. The firm has a 50 day moving average price of $54.59 and a 200 day moving average price of $56.14. The stock has a market cap of $45.90 billion, a P/E ratio of 19.17, a P/E/G ratio of 1.18 and a beta of 0.61. Dominion Energy, Inc. has a 52-week low of $43.53 and a 52-week high of $61.97. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be paid a $0.6675 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a yield of 4.89%. Dominion Energy’s payout ratio is 93.68%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on D shares. Barclays increased their price objective on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Morgan Stanley assumed coverage on Dominion Energy in a report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price target on the stock. Scotiabank boosted their price objective 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, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a research note on Friday, November 8th. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and an average 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.