13,339 Shares in Dominion Energy, Inc. (NYSE:D) Acquired by Bay Capital Advisors LLC

Bay Capital Advisors LLC bought a new stake in Dominion Energy, Inc. (NYSE:D) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 13,339 shares of the utilities provider’s stock, valued at approximately $718,000.

A number of other large investors also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC purchased a new stake in Dominion Energy during the 3rd quarter worth approximately $210,000. Meridian Wealth Management LLC increased its position in shares of Dominion Energy by 14.5% during the third quarter. Meridian Wealth Management LLC now owns 6,173 shares of the utilities provider’s stock worth $357,000 after acquiring an additional 784 shares during the period. Great Valley Advisor Group Inc. acquired a new stake in shares of Dominion Energy in the third quarter valued at $266,000. Cerity Partners LLC boosted its holdings in Dominion Energy by 1.6% in the third quarter. Cerity Partners LLC now owns 262,249 shares of the utilities provider’s stock valued at $15,155,000 after purchasing an additional 4,035 shares during the period. Finally, Larson Financial Group LLC grew its stake in Dominion Energy by 282.4% during the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 449 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Stock Performance

D opened at $54.29 on Tuesday. The stock’s 50 day simple moving average is $55.21 and its 200 day simple moving average is $56.27. The stock has a market cap of $46.26 billion, a P/E ratio of 20.11, a P/E/G ratio of 1.22 and a beta of 0.59. Dominion Energy, Inc. has a 1-year low of $46.56 and a 1-year high of $61.97. 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 (NYSE:D) last announced its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. As a group, equities analysts anticipate that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were given a dividend of $0.6675 per share. The ex-dividend date was Friday, February 28th. This represents a $2.67 annualized dividend and a dividend yield of 4.92%. Dominion Energy’s dividend payout ratio is currently 98.89%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. increased their price target on Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, March 11th. UBS Group lifted their price target on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday. Morgan Stanley increased their price objective on shares of Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Thursday, March 20th. Finally, Scotiabank boosted their target price 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. Twelve equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $57.58.

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.