Moisand Fitzgerald Tamayo LLC Invests $30,000 in Dominion Energy, Inc. (NYSE:D)

Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Dominion Energy, Inc. (NYSE:D) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 646 shares of the utilities provider’s stock, valued at approximately $30,000.

Several other institutional investors also recently modified their holdings of D. Pacific Center for Financial Services acquired a new position in Dominion Energy during the first quarter valued at approximately $28,000. FSC Wealth Advisors LLC boosted its holdings in shares of Dominion Energy by 149.6% in the third quarter. FSC Wealth Advisors LLC now owns 684 shares of the utilities provider’s stock valued at $31,000 after buying an additional 410 shares during the period. Covestor Ltd lifted its position in shares of Dominion Energy by 49.8% in the first quarter. Covestor Ltd now owns 394 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 131 shares in the last quarter. Live Oak Investment Partners bought a new stake in shares of Dominion Energy in the fourth quarter worth $34,000. Finally, Briaud Financial Planning Inc bought a new stake in shares of Dominion Energy in the third quarter worth $36,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Scotiabank cut their price objective on shares of Dominion Energy from $50.00 to $49.00 and set a “sector perform” rating on the stock in a research report on Monday, March 4th. StockNews.com lowered shares of Dominion Energy from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. Wells Fargo & Company boosted their price objective on shares of Dominion Energy from $49.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 7th. Mizuho dropped their price target on shares of Dominion Energy from $47.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 6th. Finally, JPMorgan Chase & Co. upped their price target on shares of Dominion Energy from $49.00 to $51.00 and gave the stock a “neutral” rating in a research report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $49.90.

Dominion Energy Stock Performance

Shares of D traded up $0.74 during trading hours on Thursday, hitting $49.26. The company had a trading volume of 2,313,587 shares, compared to its average volume of 5,693,297. The firm has a market cap of $41.26 billion, a price-to-earnings ratio of 20.91, a PEG ratio of 1.91 and a beta of 0.61. The business has a fifty day moving average of $46.34 and a 200-day moving average of $45.81. Dominion Energy, Inc. has a 12 month low of $39.18 and a 12 month high of $58.69. The company has a quick ratio of 0.97, a current ratio of 1.04 and a debt-to-equity ratio of 1.29.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.11). Dominion Energy had a net margin of 12.40% and a return on equity of 8.83%. The company had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $4.21 billion. During the same period in the previous year, the company earned $1.06 earnings per share. Dominion Energy’s revenue for the quarter was down 7.2% compared to the same quarter last year. Equities analysts anticipate that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Friday, March 1st were paid a $0.6675 dividend. The ex-dividend date was Thursday, February 29th. This represents a $2.67 annualized dividend and a dividend yield of 5.42%. Dominion Energy’s dividend payout ratio (DPR) is presently 114.59%.

Insider Activity at Dominion Energy

In other news, Director Joseph M. Rigby acquired 2,130 shares of Dominion Energy stock in a transaction on Wednesday, March 6th. The shares were purchased at an average cost of $46.94 per share, for a total transaction of $99,982.20. Following the completion of the purchase, the director now directly owns 8,417 shares of the company’s stock, valued at approximately $395,093.98. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Robert M. Blue acquired 21,735 shares of Dominion Energy stock in a transaction on Monday, March 4th. The shares were purchased at an average cost of $45.91 per share, for a total transaction of $997,853.85. Following the completion of the purchase, the chief executive officer now directly owns 176,240 shares of the company’s stock, valued at approximately $8,091,178.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Joseph M. Rigby acquired 2,130 shares of Dominion Energy stock in a transaction on Wednesday, March 6th. The shares were purchased at an average price of $46.94 per share, for a total transaction of $99,982.20. Following the completion of the purchase, the director now directly owns 8,417 shares of the company’s stock, valued at $395,093.98. The disclosure for this purchase can be found here. 0.14% of the stock is currently owned by corporate insiders.

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.