Arkadios Wealth Advisors Grows Position in Dominion Energy, Inc. (NYSE:D)

Arkadios Wealth Advisors increased its position in Dominion Energy, Inc. (NYSE:D) by 13.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,930 shares of the utilities provider’s stock after purchasing an additional 569 shares during the period. Arkadios Wealth Advisors’ holdings in Dominion Energy were worth $266,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in D. Pacer Advisors Inc. grew its stake in shares of Dominion Energy by 4.7% in the 2nd quarter. Pacer Advisors Inc. now owns 59,380 shares of the utilities provider’s stock worth $2,910,000 after buying an additional 2,680 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Dominion Energy by 2.2% in the second quarter. Thrivent Financial for Lutherans now owns 54,018 shares of the utilities provider’s stock worth $2,647,000 after acquiring an additional 1,163 shares during the last quarter. Evergreen Capital Management LLC grew its stake in shares of Dominion Energy by 7.1% in the second quarter. Evergreen Capital Management LLC now owns 5,114 shares of the utilities provider’s stock worth $251,000 after acquiring an additional 340 shares during the last quarter. Bank of Montreal Can raised its position in shares of Dominion Energy by 21.0% in the 2nd quarter. Bank of Montreal Can now owns 829,522 shares of the utilities provider’s stock worth $42,671,000 after purchasing an additional 144,139 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in Dominion Energy in the 2nd quarter worth about $1,651,000. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Performance

D opened at $53.25 on Friday. The stock has a market capitalization of $44.73 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 1.22 and a beta of 0.60. Dominion Energy, Inc. has a fifty-two week low of $43.53 and a fifty-two week high of $61.97. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The company has a fifty day moving average of $55.34 and a 200 day moving average of $55.88.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.05. The business had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $4.18 billion. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.77 EPS. As a group, sell-side analysts forecast that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date of this dividend was Friday, November 29th. Dominion Energy’s dividend payout ratio (DPR) is 93.68%.

Analysts Set New Price Targets

A number of analysts have commented on the company. Barclays lifted their target price on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a report on Friday, November 8th. Scotiabank raised their price target 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, Morgan Stanley began coverage on shares of Dominion Energy in a report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price objective for the company. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $56.58.

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.