157,810 Shares in Dominion Energy, Inc. (NYSE:D) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in shares of Dominion Energy, Inc. (NYSE:D) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 157,810 shares of the utilities provider’s stock, valued at approximately $8,500,000.

A number of other hedge funds have also made changes to their positions in the company. Simon Quick Advisors LLC increased its holdings in Dominion Energy by 4.5% during the fourth quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider’s stock worth $229,000 after buying an additional 184 shares during the last quarter. Cobblestone Capital Advisors LLC NY increased its holdings in shares of Dominion Energy by 2.6% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 7,786 shares of the utilities provider’s stock valued at $450,000 after purchasing an additional 195 shares during the last quarter. Passumpsic Savings Bank increased its holdings in shares of Dominion Energy by 2.7% in the third quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider’s stock valued at $441,000 after purchasing an additional 199 shares during the last quarter. Meridian Financial Partners LLC increased its holdings in shares of Dominion Energy by 1.6% in the fourth quarter. Meridian Financial Partners LLC now owns 13,970 shares of the utilities provider’s stock valued at $752,000 after purchasing an additional 219 shares during the last quarter. Finally, Register Financial Advisors LLC increased its holdings in shares of Dominion Energy by 5.8% in the fourth quarter. Register Financial Advisors LLC now owns 4,316 shares of the utilities provider’s stock valued at $232,000 after purchasing an additional 237 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Trading Up 1.0 %

D opened at $54.64 on Friday. Dominion Energy, Inc. has a twelve month low of $46.56 and a twelve month high of $61.97. The company has a 50-day simple moving average of $55.12 and a 200 day simple moving average of $56.35. 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 has a market capitalization of $46.55 billion, a price-to-earnings ratio of 20.24, a P/E/G ratio of 1.22 and a beta of 0.59.

Dominion Energy (NYSE:D) last posted its quarterly earnings data 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 net margin of 16.22% and a return on equity of 8.99%. Analysts predict that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

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 given a dividend of $0.6675 per share. The ex-dividend date is Friday, February 28th. This represents a $2.67 annualized dividend and a yield of 4.89%. Dominion Energy’s dividend payout ratio is 98.89%.

Wall Street Analyst Weigh In

Several research firms have commented on D. Morgan Stanley began coverage on shares of Dominion Energy in a report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price objective on the stock. Scotiabank upped their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, March 11th. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Dominion Energy currently has a consensus rating of “Hold” and a consensus price target of $57.18.

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.