My Legacy Advisors LLC Purchases 276 Shares of Dominion Energy, Inc. (NYSE:D)

My Legacy Advisors LLC lifted its holdings in Dominion Energy, Inc. (NYSE:D) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,400 shares of the utilities provider’s stock after purchasing an additional 276 shares during the period. My Legacy Advisors LLC’s holdings in Dominion Energy were worth $665,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in Dominion Energy by 4.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,127,357 shares of the utilities provider’s stock valued at $104,253,000 after purchasing an additional 89,379 shares during the last quarter. Edgestream Partners L.P. acquired a new position in shares of Dominion Energy during the second quarter valued at about $214,000. Mercer Global Advisors Inc. ADV lifted its stake in shares of Dominion Energy by 0.9% in the second quarter. Mercer Global Advisors Inc. ADV now owns 59,153 shares of the utilities provider’s stock valued at $2,898,000 after buying an additional 500 shares during the period. Intech Investment Management LLC grew its position in Dominion Energy by 175.0% during the second quarter. Intech Investment Management LLC now owns 39,556 shares of the utilities provider’s stock worth $1,938,000 after buying an additional 25,173 shares in the last quarter. Finally, Brighton Jones LLC increased its stake in Dominion Energy by 3.9% during the second quarter. Brighton Jones LLC now owns 6,865 shares of the utilities provider’s stock valued at $336,000 after acquiring an additional 259 shares during the period. Institutional investors own 73.04% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on D shares. The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a research note on Friday, November 8th. Morgan Stanley initiated coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price target for the company. Barclays upped their price target on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Finally, Scotiabank boosted their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Eleven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $56.58.

Dominion Energy Stock Up 0.5 %

NYSE:D opened at $55.34 on Friday. The company has a market cap of $46.49 billion, a price-to-earnings ratio of 19.42, a P/E/G ratio of 1.16 and a beta of 0.60. 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 stock’s fifty day moving average price is $55.49 and its two-hundred day moving average price is $55.71. Dominion Energy, Inc. has a 52-week low of $43.53 and a 52-week high of $61.97.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 8.35% and a net margin of 16.95%. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.77 earnings per share. On average, analysts anticipate that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date was Friday, November 29th. Dominion Energy’s dividend payout ratio (DPR) is currently 93.68%.

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.