R Squared Ltd Buys Shares of 5,100 Dominion Energy, Inc. (NYSE:D)

R Squared Ltd purchased a new position in Dominion Energy, Inc. (NYSE:D) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 5,100 shares of the utilities provider’s stock, valued at approximately $275,000.

Other institutional investors also recently modified their holdings of the company. Roble Belko & Company Inc bought a new stake in Dominion Energy during the 4th quarter valued at $27,000. Sanctuary Wealth Management L.L.C. acquired a new position in shares of Dominion Energy during the third quarter valued at about $28,000. Frazier Financial Advisors LLC bought a new stake in shares of Dominion Energy during the third quarter worth about $32,000. Dunhill Financial LLC raised its holdings in shares of Dominion Energy by 601.2% in the 3rd quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 487 shares during the last quarter. Finally, Larson Financial Group LLC lifted its position in Dominion Energy by 282.4% in the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 449 shares in the last quarter. 73.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the stock. The Goldman Sachs Group reissued a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th. Scotiabank boosted 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. Morgan Stanley assumed coverage on Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 target price for the company. Finally, Barclays boosted their target price on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Eleven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Dominion Energy presently has an average rating of “Hold” and a consensus price target of $56.58.

Dominion Energy Price Performance

D stock opened at $55.34 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. The company has a market capitalization of $46.48 billion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 1.15 and a beta of 0.60. Dominion Energy, Inc. has a one year low of $43.53 and a one year high of $61.97. The company’s fifty day moving average price is $55.16 and its 200-day moving average price is $56.01.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.05. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same quarter in the prior year, the firm posted $0.77 EPS. Dominion Energy’s quarterly revenue was up 3.4% compared to the same quarter last year. On average, equities analysts anticipate that Dominion Energy, Inc. will post 2.76 EPS for the current fiscal year.

Dominion Energy Announces Dividend

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 issued a $0.6675 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 annualized dividend and a dividend yield of 4.82%. Dominion Energy’s payout ratio is currently 93.68%.

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.