Hughes Financial Services LLC Invests $444,000 in Dominion Energy, Inc. (NYSE:D)

Hughes Financial Services LLC purchased a new stake in Dominion Energy, Inc. (NYSE:D) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 8,240 shares of the utilities provider’s stock, valued at approximately $444,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cape Investment Advisory Inc. raised its holdings in Dominion Energy by 175.4% in the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 300 shares during the period. BankPlus Trust Department bought a new position in shares of Dominion Energy during the fourth quarter valued at $26,000. Roble Belko & Company Inc bought a new position in Dominion Energy during the fourth quarter worth $27,000. Fairway Wealth LLC acquired a new stake in Dominion Energy in the fourth quarter worth $27,000. Finally, Frazier Financial Advisors LLC acquired a new position in shares of Dominion Energy during the third quarter valued at about $32,000. 73.04% of the stock is owned by institutional investors.

Dominion Energy Stock Performance

Shares of NYSE D opened at $54.08 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $46.08 billion, a price-to-earnings ratio of 20.03, a PEG ratio of 1.22 and a beta of 0.59. The stock’s fifty day simple moving average is $55.12 and its 200 day simple moving average is $56.36. Dominion Energy, Inc. has a 52-week low of $46.56 and a 52-week high of $61.97.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. As a group, sell-side analysts forecast that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.94%. The ex-dividend date is Friday, February 28th. Dominion Energy’s payout ratio is currently 98.89%.

Analyst Ratings Changes

Several analysts have commented on D shares. JPMorgan Chase & Co. lifted their price objective on shares of Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday. Morgan Stanley began coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price target for the company. Finally, Scotiabank raised 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 note on Thursday, December 12th. Eleven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $57.18.

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.