Vaughan David Investments LLC IL Purchases 10,913 Shares of Dominion Energy, Inc. (NYSE:D)

Vaughan David Investments LLC IL increased its position in shares of Dominion Energy, Inc. (NYSE:D) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 542,512 shares of the utilities provider’s stock after buying an additional 10,913 shares during the quarter. Vaughan David Investments LLC IL owned 0.06% of Dominion Energy worth $29,220,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. BankPlus Trust Department bought a new position in shares of Dominion Energy during the fourth quarter worth about $26,000. Sanctuary Wealth Management L.L.C. bought a new position in Dominion Energy in the third quarter valued at approximately $28,000. Roble Belko & Company Inc bought a new position in Dominion Energy in the fourth quarter valued at approximately $27,000. Frazier Financial Advisors LLC bought a new position in Dominion Energy in the third quarter valued at approximately $32,000. Finally, Dunhill Financial LLC grew its stake in Dominion Energy by 601.2% in the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 487 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Stock Performance

NYSE:D opened at $56.85 on Tuesday. The stock has a market cap of $47.75 billion, a P/E ratio of 21.05, a PEG ratio of 1.22 and a beta of 0.61. The stock has a 50 day simple moving average of $54.64 and a 200 day simple moving average of $56.39. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 1-year low of $44.17 and a 1-year high of $61.97.

Dominion Energy (NYSE:D) last released its quarterly earnings results 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 return on equity of 8.99% and a net margin of 16.22%. Research analysts anticipate that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be issued a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 annualized dividend and a yield of 4.70%. Dominion Energy’s payout ratio is currently 98.89%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on D. The Goldman Sachs Group restated a “neutral” rating and issued a $61.00 price target on shares of Dominion Energy in a research note on Friday, November 8th. Scotiabank raised their price target on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Finally, Morgan Stanley began 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 equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently 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.