Hopwood Financial Services Inc. Acquires New Shares in Dominion Energy, Inc. (NYSE:D)

Hopwood Financial Services Inc. bought a new position in shares of Dominion Energy, Inc. (NYSE:D) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,030 shares of the utilities provider’s stock, valued at approximately $109,000.

A number of other large investors have also recently made changes to their positions in D. Cape Investment Advisory Inc. grew its holdings in Dominion Energy by 175.4% during the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock valued at $25,000 after buying an additional 300 shares in the last quarter. BankPlus Trust Department bought a new position in Dominion Energy in the 4th quarter valued at $26,000. Roble Belko & Company Inc purchased a new position in shares of Dominion Energy during the 4th quarter valued at $27,000. Fairway Wealth LLC bought a new position in shares of Dominion Energy in the fourth quarter worth $27,000. Finally, Frazier Financial Advisors LLC purchased a new stake in shares of Dominion Energy in the third quarter worth $32,000. 73.04% of the stock is owned by institutional investors.

Dominion Energy Stock Down 2.5 %

Shares of NYSE D opened at $55.15 on Wednesday. The stock has a market capitalization of $46.99 billion, a P/E ratio of 20.43, a PEG ratio of 1.22 and a beta of 0.59. Dominion Energy, Inc. has a one year low of $46.56 and a one year high of $61.97. The firm’s 50 day simple moving average is $55.13 and its two-hundred day simple moving average is $56.39. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58.

Dominion Energy (NYSE:D) last issued its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, topping analysts’ consensus estimates 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, analysts expect that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently announced 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. This represents a $2.67 annualized dividend and a dividend yield of 4.84%. The ex-dividend date is Friday, February 28th. Dominion Energy’s payout ratio is 98.89%.

Analysts Set New Price Targets

D has been the subject of several recent analyst reports. Scotiabank boosted their target price 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. 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. Finally, 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 target price on the stock. Eleven analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently 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.