Saturna Capital Corp Acquires 1,800 Shares of Dominion Energy, Inc. (NYSE:D)

Saturna Capital Corp boosted its holdings in Dominion Energy, Inc. (NYSE:D) by 17.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,200 shares of the utilities provider’s stock after acquiring an additional 1,800 shares during the period. Saturna Capital Corp’s holdings in Dominion Energy were worth $657,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in D. Cape Investment Advisory Inc. increased its holdings in shares of Dominion Energy by 175.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 300 shares during the last quarter. BankPlus Trust Department bought a new stake in shares of Dominion Energy during the 4th quarter worth about $26,000. Roble Belko & Company Inc bought a new stake in shares of Dominion Energy during the 4th quarter worth about $27,000. Fairway Wealth LLC acquired a new position in Dominion Energy in the 4th quarter valued at about $27,000. Finally, Frazier Financial Advisors LLC bought a new position in Dominion Energy in the 3rd quarter valued at about $32,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Performance

NYSE:D opened at $55.15 on Wednesday. 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, Inc. has a fifty-two week low of $46.56 and a fifty-two week high of $61.97. The company has a market cap of $46.99 billion, a price-to-earnings ratio of 20.43, a PEG ratio of 1.22 and a beta of 0.59. The stock has a fifty day moving average price of $55.13 and a 200-day moving average price of $56.39.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share 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, equities analysts anticipate that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be paid a $0.6675 dividend. The ex-dividend date is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a yield of 4.84%. Dominion Energy’s dividend payout ratio (DPR) is 98.89%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on D. JPMorgan Chase & Co. boosted their price objective on Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday. Scotiabank boosted their price target on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Finally, Morgan Stanley began coverage on Dominion Energy in a research 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 given a buy rating to the stock. Based on data from MarketBeat, Dominion Energy has an average rating of “Hold” and an average price target of $57.18.

Dominion Energy 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.