97,500 Shares in Dominion Energy, Inc. (NYSE:D) Bought by Essential Planning LLC.

Essential Planning LLC. bought a new position in Dominion Energy, Inc. (NYSE:D) during the fourth quarter, HoldingsChannel reports. The firm bought 97,500 shares of the utilities provider’s stock, valued at approximately $5,563,000.

A number of other large investors also recently modified their holdings of D. Hopwood Financial Services Inc. purchased a new stake in shares of Dominion Energy during the 4th quarter valued at $109,000. Sequoia Financial Advisors LLC raised its stake in shares of Dominion Energy by 6.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 19,429 shares of the utilities provider’s stock worth $1,046,000 after buying an additional 1,144 shares during the period. Saturna Capital Corp raised its stake in Dominion Energy by 17.3% during the 4th quarter. Saturna Capital Corp now owns 12,200 shares of the utilities provider’s stock valued at $657,000 after purchasing an additional 1,800 shares during the period. Moors & Cabot Inc. grew its holdings in Dominion Energy by 10.5% during the 4th quarter. Moors & Cabot Inc. now owns 28,053 shares of the utilities provider’s stock valued at $1,511,000 after buying an additional 2,664 shares in the last quarter. Finally, AGF Management Ltd. purchased a new position in Dominion Energy during the 4th quarter valued at approximately $2,415,000. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Trading Down 2.5 %

D opened at $55.15 on Wednesday. Dominion Energy, Inc. has a 12 month low of $46.56 and a 12 month high of $61.97. The stock has a fifty day moving average price of $55.13 and a 200-day moving average price of $56.39. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The firm 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.

Dominion Energy (NYSE:D) last announced its earnings results 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 return on equity of 8.99% and a net margin of 16.22%. As a group, equities research analysts anticipate 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 4.84%. Dominion Energy’s payout ratio is presently 98.89%.

Analysts Set New Price Targets

Several equities analysts have weighed in on D shares. Morgan Stanley initiated coverage on Dominion Energy in a report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price target for the company. JPMorgan Chase & Co. raised their price target on Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Scotiabank raised their price target 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 analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has an average 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.