Bill Few Associates Inc. Raises Stock Position in Dominion Energy, Inc. (NYSE:D)

Bill Few Associates Inc. raised its position in Dominion Energy, Inc. (NYSE:D) by 6.4% in the 4th quarter, Holdings Channel reports. The firm owned 60,489 shares of the utilities provider’s stock after buying an additional 3,614 shares during the quarter. Dominion Energy accounts for 1.1% of Bill Few Associates Inc.’s holdings, making the stock its 26th largest position. Bill Few Associates Inc.’s holdings in Dominion Energy were worth $3,258,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Teamwork Financial Advisors LLC bought a new stake in Dominion Energy during the fourth quarter valued at $498,000. Mutual Advisors LLC grew its holdings in shares of Dominion Energy by 43.9% during the fourth quarter. Mutual Advisors LLC now owns 10,923 shares of the utilities provider’s stock worth $601,000 after purchasing an additional 3,330 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Dominion Energy by 2.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 613,687 shares of the utilities provider’s stock worth $33,053,000 after purchasing an additional 14,451 shares during the last quarter. Sharp Financial Services LLC lifted its position in Dominion Energy by 30.2% during the fourth quarter. Sharp Financial Services LLC now owns 10,550 shares of the utilities provider’s stock valued at $568,000 after purchasing an additional 2,450 shares during the last quarter. Finally, Daymark Wealth Partners LLC increased its holdings in shares of Dominion Energy by 68.3% in the 4th quarter. Daymark Wealth Partners LLC now owns 19,987 shares of the utilities provider’s stock worth $1,076,000 after buying an additional 8,109 shares during the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Price Performance

Shares of NYSE D opened at $52.93 on Thursday. The company’s 50-day moving average is $55.34 and its 200 day moving average is $55.88. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The stock has a market capitalization of $44.46 billion, a P/E ratio of 18.57, a P/E/G ratio of 1.22 and a beta of 0.60. Dominion Energy, Inc. has a 1 year low of $43.53 and a 1 year high of $61.97.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, topping 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 analysts’ expectations of $4.18 billion. During the same period in the prior year, the firm earned $0.77 earnings per share. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, sell-side analysts expect that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date of this dividend was Friday, November 29th. Dominion Energy’s dividend payout ratio is 93.68%.

Analyst Ratings Changes

A number of research firms have recently issued reports on D. Barclays lifted their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. 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 price objective on the stock. The Goldman Sachs Group restated a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th. Finally, Scotiabank lifted their price target 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. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $56.58.

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.