World Investment Advisors Purchases 5,217 Shares of Dominion Energy, Inc. (NYSE:D)

World Investment Advisors grew its position in Dominion Energy, Inc. (NYSE:D) by 37.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,005 shares of the utilities provider’s stock after buying an additional 5,217 shares during the period. World Investment Advisors’ holdings in Dominion Energy were worth $1,024,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in D. Cape Investment Advisory Inc. increased its position in shares of Dominion Energy by 175.4% during the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 300 shares in the last quarter. BankPlus Trust Department acquired a new position in Dominion Energy in the 4th quarter worth $26,000. Roble Belko & Company Inc bought a new position in Dominion Energy during the 4th quarter worth about $27,000. Fairway Wealth LLC acquired a new stake in shares of Dominion Energy in the 4th quarter valued at about $27,000. Finally, CBIZ Investment Advisory Services LLC lifted its holdings in shares of Dominion Energy by 100.4% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 260 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Price Performance

Shares of NYSE D opened at $52.83 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 business’s 50 day moving average price is $55.31 and its two-hundred day moving average price is $56.10. The company has a market cap of $45.02 billion, a PE ratio of 19.57, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57. Dominion Energy, Inc. has a twelve month low of $46.62 and a twelve month high of $61.97.

Dominion Energy (NYSE:D) last posted its 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%. On average, analysts predict that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 5.05%. The ex-dividend date of this dividend was Friday, February 28th. Dominion Energy’s payout ratio is 98.89%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, March 11th. Scotiabank lifted their price objective 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. Argus upgraded shares of Dominion Energy to a “hold” rating in a report on Tuesday, March 25th. UBS Group lifted their price target on shares of Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Finally, Morgan Stanley boosted their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 20th. Thirteen research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $57.58.

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.