Horizon Kinetics Asset Management LLC Boosts Position in Dominion Energy, Inc. (NYSE:D)

Horizon Kinetics Asset Management LLC raised its stake in Dominion Energy, Inc. (NYSE:D) by 30.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,750 shares of the utilities provider’s stock after buying an additional 2,500 shares during the period. Horizon Kinetics Asset Management LLC’s holdings in Dominion Energy were worth $579,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Parallel Advisors LLC grew its position in shares of Dominion Energy by 7.2% during the 4th quarter. Parallel Advisors LLC now owns 9,833 shares of the utilities provider’s stock worth $530,000 after buying an additional 664 shares in the last quarter. Cibc World Markets Corp lifted its stake in Dominion Energy by 16.4% in the fourth quarter. Cibc World Markets Corp now owns 132,497 shares of the utilities provider’s stock worth $7,136,000 after acquiring an additional 18,709 shares during the period. Rockport Wealth LLC bought a new position in Dominion Energy during the 4th quarter worth about $214,000. Patten & Patten Inc. TN increased its position in Dominion Energy by 23.4% during the 4th quarter. Patten & Patten Inc. TN now owns 21,555 shares of the utilities provider’s stock valued at $1,161,000 after purchasing an additional 4,092 shares during the period. Finally, CBIZ Investment Advisory Services LLC raised its holdings in shares of Dominion Energy by 100.4% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 260 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Price Performance

Shares of D stock opened at $54.75 on Tuesday. The firm has a market capitalization of $46.65 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 1.22 and a beta of 0.59. 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 stock’s 50-day simple moving average is $55.14 and its 200-day simple moving average is $56.34. Dominion Energy, Inc. has a fifty-two week low of $46.56 and a fifty-two week high of $61.97.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. As a group, equities analysts forecast that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 annualized dividend and a yield of 4.88%. Dominion Energy’s payout ratio is presently 98.89%.

Analyst Ratings Changes

D has been the topic of several research reports. JPMorgan Chase & Co. lifted their price objective on shares of Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, March 11th. 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 target on the stock. Finally, Scotiabank upped their price objective on 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 research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $57.18.

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.