Principle Wealth Partners LLC Has $2.19 Million Stock Position in Dominion Energy, Inc. (NYSE:D)

Principle Wealth Partners LLC grew its holdings in Dominion Energy, Inc. (NYSE:D) by 268.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 40,695 shares of the utilities provider’s stock after purchasing an additional 29,638 shares during the period. Principle Wealth Partners LLC’s holdings in Dominion Energy were worth $2,192,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in D. Roble Belko & Company Inc acquired a new position in shares of Dominion Energy during the 4th quarter worth about $27,000. Sanctuary Wealth Management L.L.C. bought a new position in Dominion Energy during the third quarter worth about $28,000. Frazier Financial Advisors LLC bought a new stake in Dominion Energy in the third quarter valued at approximately $32,000. Dunhill Financial LLC lifted its position in shares of Dominion Energy by 601.2% in the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock valued at $33,000 after buying an additional 487 shares during the last quarter. Finally, Larson Financial Group LLC boosted its stake in shares of Dominion Energy by 282.4% during the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 449 shares during the period. Institutional investors own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on D shares. Barclays increased their price target on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Scotiabank raised their target price 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. Morgan Stanley began coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price target on the stock. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $56.58.

Dominion Energy Stock Performance

Shares of Dominion Energy stock opened at $55.29 on Tuesday. The company has a 50 day moving average of $54.51 and a 200-day moving average of $56.23. The company has a market cap of $46.45 billion, a PE ratio of 19.40, a price-to-earnings-growth ratio of 1.18 and a beta of 0.61. 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, Inc. has a 1-year low of $43.53 and a 1-year high of $61.97.

Dominion Energy Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 annualized dividend and a dividend yield of 4.83%. Dominion Energy’s dividend payout ratio (DPR) is presently 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.