Atria Wealth Solutions Inc. Has $2.78 Million Stock Position in Dominion Energy, Inc. (NYSE:D)

Atria Wealth Solutions Inc. grew its stake in Dominion Energy, Inc. (NYSE:D) by 9.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 51,579 shares of the utilities provider’s stock after buying an additional 4,476 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Dominion Energy were worth $2,778,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Oppenheimer & Co. Inc. raised its position in Dominion Energy by 22.8% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 69,343 shares of the utilities provider’s stock valued at $4,007,000 after buying an additional 12,890 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Dominion Energy by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,164,929 shares of the utilities provider’s stock worth $298,481,000 after acquiring an additional 43,055 shares in the last quarter. Ascent Wealth Partners LLC acquired a new stake in shares of Dominion Energy in the third quarter valued at approximately $1,223,000. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Dominion Energy by 63.5% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider’s stock worth $487,567,000 after purchasing an additional 3,278,175 shares in the last quarter. Finally, Barclays PLC boosted its holdings in Dominion Energy by 19.8% during the third quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider’s stock worth $141,739,000 after purchasing an additional 404,868 shares during the last quarter. Institutional investors own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Scotiabank boosted 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 report on Thursday, December 12th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th. Finally, Morgan Stanley assumed coverage on Dominion Energy in a research note on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price target for the company. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Dominion Energy has an average rating of “Hold” and a consensus price target of $56.58.

Dominion Energy Stock Performance

Shares of NYSE D opened at $57.38 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $48.20 billion, a P/E ratio of 21.25, a P/E/G ratio of 1.21 and a beta of 0.61. Dominion Energy, Inc. has a 12 month low of $44.17 and a 12 month high of $61.97. The stock has a 50 day moving average of $54.58 and a 200-day moving average of $56.35.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. As a group, equities research analysts predict that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 annualized dividend and a yield of 4.65%. Dominion Energy’s dividend payout ratio is currently 98.89%.

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.