Highview Capital Management LLC DE Raises Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Highview Capital Management LLC DE boosted its position in Dominion Energy, Inc. (NYSE:D) by 8.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,015 shares of the utilities provider’s stock after purchasing an additional 1,456 shares during the quarter. Highview Capital Management LLC DE’s holdings in Dominion Energy were worth $970,000 at the end of the most recent reporting period.

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

Dominion Energy Stock Performance

Shares of NYSE D opened at $55.58 on Monday. The company has a market capitalization of $46.68 billion, a PE ratio of 19.50, a price-to-earnings-growth ratio of 1.18 and a beta of 0.61. 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’s fifty day moving average price is $54.42 and its 200 day moving average price is $56.31. Dominion Energy, Inc. has a 1 year low of $44.17 and a 1 year high of $61.97.

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, topping the consensus estimate of $0.54 by $0.04. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. On average, research analysts predict that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Scotiabank upped their price target on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. The Goldman Sachs Group reissued a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th. Finally, Morgan Stanley began coverage on 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. Eleven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $56.58.

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.