Bay Rivers Group Has $1.60 Million Position in Dominion Energy, Inc. (NYSE:D)

Bay Rivers Group boosted its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,768 shares of the utilities provider’s stock after acquiring an additional 621 shares during the quarter. Bay Rivers Group’s holdings in Dominion Energy were worth $1,603,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Roble Belko & Company Inc bought a new position in shares of Dominion Energy in the 4th quarter valued at approximately $27,000. Sanctuary Wealth Management L.L.C. bought a new position in shares of Dominion Energy in the third quarter valued at approximately $28,000. Frazier Financial Advisors LLC acquired a new stake in shares of Dominion Energy in the third quarter worth $32,000. Dunhill Financial LLC boosted its holdings in shares of Dominion Energy by 601.2% during the 3rd quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock worth $33,000 after buying an additional 487 shares during the period. Finally, Larson Financial Group LLC grew its stake in Dominion Energy by 282.4% in the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock valued at $35,000 after buying an additional 449 shares during the last quarter. 73.04% of the stock is owned by institutional investors.

Dominion Energy Trading Up 4.2 %

Shares of Dominion Energy stock opened at $55.73 on Tuesday. Dominion Energy, Inc. has a 52-week low of $43.53 and a 52-week high of $61.97. The firm has a market capitalization of $46.81 billion, a PE ratio of 19.55, a price-to-earnings-growth ratio of 1.15 and a beta of 0.60. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The company’s fifty day moving average price is $55.20 and its two-hundred day moving average price is $55.98.

Dominion Energy (NYSE:D) last posted its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. The business had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.77 earnings per share. On average, analysts expect that Dominion Energy, Inc. will post 2.76 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. Investors of record on Friday, February 28th will be paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.79%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s dividend payout ratio is 93.68%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on D shares. Scotiabank boosted their target price 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. Morgan Stanley initiated coverage on Dominion Energy in a research note on Monday, December 2nd. They set an “equal weight” rating and a $61.00 target price for the company. The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a report on Friday, November 8th. Finally, Barclays raised their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Eleven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average 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.