Dominion Energy, Inc. (NYSE:D) Shares Acquired by Empower Advisory Group LLC

Empower Advisory Group LLC increased its position in shares of Dominion Energy, Inc. (NYSE:D) by 0.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 254,857 shares of the utilities provider’s stock after purchasing an additional 2,047 shares during the period. Empower Advisory Group LLC’s holdings in Dominion Energy were worth $13,727,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on D. Morgan Stanley initiated coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price target on the stock. The Goldman Sachs Group restated a “neutral” rating and issued a $61.00 price target on shares of Dominion Energy in a report on Friday, November 8th. Finally, Scotiabank boosted their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Eleven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Dominion Energy has an average rating of “Hold” and an average target price of $56.58.

Dominion Energy Price Performance

Shares of NYSE D opened at $55.58 on Tuesday. The company has a market capitalization of $46.68 billion, a price-to-earnings ratio of 19.50, a price-to-earnings-growth ratio of 1.18 and a beta of 0.61. Dominion Energy, Inc. has a twelve month low of $44.17 and a twelve month high of $61.97. The business has a 50 day simple moving average of $54.42 and a 200-day simple moving average of $56.33. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D) last posted its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. As a group, equities research analysts expect that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.80%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s dividend payout ratio is 93.68%.

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.