Dominion Energy, Inc. (NYSE:D) Shares Bought by Principal Securities Inc.

Principal Securities Inc. boosted its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 3.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,799 shares of the utilities provider’s stock after purchasing an additional 590 shares during the period. Principal Securities Inc.’s holdings in Dominion Energy were worth $851,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WASHINGTON TRUST Co raised its position in shares of Dominion Energy by 11.7% in the fourth quarter. WASHINGTON TRUST Co now owns 2,861 shares of the utilities provider’s stock worth $154,000 after acquiring an additional 299 shares during the period. Campbell Wealth Management raised its position in shares of Dominion Energy by 11.0% during the 4th quarter. Campbell Wealth Management now owns 12,111 shares of the utilities provider’s stock worth $652,000 after purchasing an additional 1,204 shares during the last quarter. Asset Planning Inc acquired a new position in shares of Dominion Energy during the 4th quarter worth about $99,000. V Square Quantitative Management LLC raised its position in shares of Dominion Energy by 5.7% during the 4th quarter. V Square Quantitative Management LLC now owns 12,191 shares of the utilities provider’s stock worth $657,000 after purchasing an additional 655 shares during the last quarter. Finally, First Merchants Corp raised its position in shares of Dominion Energy by 8.9% during the 4th quarter. First Merchants Corp now owns 7,014 shares of the utilities provider’s stock worth $378,000 after purchasing an additional 575 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on D shares. Scotiabank upped 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 set a $61.00 price objective on shares of Dominion Energy in a research note on Friday, November 8th. Finally, Morgan Stanley began coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price objective for the company. Eleven investment 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 company has an average rating of “Hold” and an average price target of $56.58.

Dominion Energy Stock Performance

Shares of D stock opened at $56.39 on Friday. The firm’s 50 day moving average price is $54.51 and its 200-day moving average price is $56.32. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. Dominion Energy, Inc. has a one year low of $44.17 and a one year high of $61.97. The firm has a market cap of $47.36 billion, a P/E ratio of 20.88, a P/E/G ratio of 1.21 and a beta of 0.61.

Dominion Energy (NYSE:D) last released its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (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 firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders 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 dividend on an annualized basis and a yield of 4.74%. Dominion Energy’s dividend payout ratio (DPR) is presently 98.89%.

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.