Dakota Wealth Management Has $3.03 Million Holdings in Dominion Energy, Inc. (NYSE:D)

Dakota Wealth Management raised its stake in Dominion Energy, Inc. (NYSE:D) by 5.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 56,323 shares of the utilities provider’s stock after buying an additional 2,784 shares during the period. Dakota Wealth Management’s holdings in Dominion Energy were worth $3,034,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC grew its holdings in shares of Dominion Energy by 56.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 149,245 shares of the utilities provider’s stock valued at $8,038,000 after buying an additional 53,969 shares during the period. Simon Quick Advisors LLC grew its stake in Dominion Energy by 4.5% in the fourth quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider’s stock valued at $229,000 after acquiring an additional 184 shares during the period. ZWJ Investment Counsel Inc. increased its holdings in shares of Dominion Energy by 19.1% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 6,300 shares of the utilities provider’s stock worth $339,000 after acquiring an additional 1,012 shares in the last quarter. Pure Financial Advisors LLC acquired a new stake in shares of Dominion Energy during the fourth quarter worth about $226,000. Finally, Koshinski Asset Management Inc. lifted its holdings in shares of Dominion Energy by 3.8% during the 4th quarter. Koshinski Asset Management Inc. now owns 7,134 shares of the utilities provider’s stock valued at $384,000 after purchasing an additional 263 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Down 5.3 %

NYSE:D opened at $52.93 on Thursday. Dominion Energy, Inc. has a twelve month low of $43.53 and a twelve month high of $61.97. The firm has a market capitalization of $44.46 billion, a price-to-earnings ratio of 18.57, a price-to-earnings-growth ratio of 1.22 and a beta of 0.60. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The stock’s 50 day moving average price is $55.41 and its two-hundred day moving average price is $55.90.

Dominion Energy (NYSE:D) last issued its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. The business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.77 earnings per share. Equities research analysts expect that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

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

Analyst Ratings Changes

D has been the subject of a number of research reports. Scotiabank increased their target price 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. Morgan Stanley began coverage on shares of Dominion Energy in a report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price objective on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a research note on Friday, November 8th. Finally, Barclays lifted their price target on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Eleven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $56.58.

Dominion Energy 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.