Xponance Inc. Acquires 3,182 Shares of Dominion Energy, Inc. (NYSE:D)

Xponance Inc. increased its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 2.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 119,411 shares of the utilities provider’s stock after purchasing an additional 3,182 shares during the period. Xponance Inc.’s holdings in Dominion Energy were worth $6,431,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of D. Cape Investment Advisory Inc. grew its position 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 acquired a new position in shares of Dominion Energy in the fourth quarter valued at approximately $26,000. Roble Belko & Company Inc acquired a new position in shares of Dominion Energy in the fourth quarter valued at approximately $27,000. Fairway Wealth LLC acquired a new position in shares of Dominion Energy in the fourth quarter valued at approximately $27,000. Finally, CBIZ Investment Advisory Services LLC grew its position in shares of Dominion Energy by 100.4% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 260 shares during the last quarter. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Up 0.3 %

NYSE D opened at $54.95 on Thursday. The business has a fifty day moving average price of $55.16 and a two-hundred day moving average price of $56.32. 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, Inc. has a fifty-two week low of $46.56 and a fifty-two week high of $61.97. The stock has a market capitalization of $46.82 billion, a PE ratio of 20.35, a PEG ratio of 1.22 and a beta of 0.58.

Dominion Energy (NYSE:D) last released 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%. Equities analysts expect that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently announced 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. This represents a $2.67 annualized dividend and a yield of 4.86%. The ex-dividend date is Friday, February 28th. Dominion Energy’s payout ratio is presently 98.89%.

Analysts Set New Price Targets

D has been the topic of several research reports. JPMorgan Chase & Co. upped their target price on Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, March 11th. Morgan Stanley initiated coverage on Dominion Energy in a research report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 target price on the stock. Finally, Scotiabank upped their target price on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Eleven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price 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.