Fairway Wealth LLC Acquires New Position in Dominion Energy, Inc. (NYSE:D)

Fairway Wealth LLC acquired a new stake in Dominion Energy, Inc. (NYSE:D) in the fourth quarter, HoldingsChannel reports. The firm acquired 500 shares of the utilities provider’s stock, valued at approximately $27,000.

A number of other institutional investors have also recently bought and sold shares of D. Cape Investment Advisory Inc. grew its stake in shares of Dominion Energy by 175.4% in the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 300 shares during the last quarter. BankPlus Trust Department acquired a new position in Dominion Energy during the 4th quarter worth about $26,000. Roble Belko & Company Inc acquired a new position in Dominion Energy during the 4th quarter valued at about $27,000. Frazier Financial Advisors LLC bought a new stake in shares of Dominion Energy in the 3rd quarter valued at about $32,000. Finally, Pillar Financial Advisors LLC acquired a new position in Dominion Energy during the 4th quarter worth approximately $32,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Stock Down 2.5 %

Shares of NYSE D opened at $55.15 on Wednesday. The firm’s 50 day moving average price is $55.13 and its 200 day moving average price is $56.39. Dominion Energy, Inc. has a 1 year low of $46.56 and a 1 year 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. The firm has a market cap of $46.99 billion, a P/E ratio of 20.43, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59.

Dominion Energy (NYSE:D) last posted its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, topping the consensus estimate 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, sell-side analysts anticipate that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

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 issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.84%. The ex-dividend date is Friday, February 28th. Dominion Energy’s dividend payout ratio is currently 98.89%.

Wall Street Analyst Weigh In

Several research firms have weighed in on D. Scotiabank increased their price objective on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. upped their price target on Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Morgan Stanley started coverage on Dominion Energy in a report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price objective on the stock. Eleven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Dominion Energy has a consensus rating of “Hold” and an average price target of $57.18.

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.