Occidental Asset Management LLC Acquires 3,948 Shares of Dominion Energy, Inc. (NYSE:D)

Occidental Asset Management LLC lifted its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 5.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 73,924 shares of the utilities provider’s stock after acquiring an additional 3,948 shares during the period. Occidental Asset Management LLC’s holdings in Dominion Energy were worth $3,982,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Salvus Wealth Management LLC increased its stake in Dominion Energy by 10.5% in the 4th quarter. Salvus Wealth Management LLC now owns 10,290 shares of the utilities provider’s stock valued at $554,000 after buying an additional 974 shares during the last quarter. Roble Belko & Company Inc purchased a new position in Dominion Energy in the fourth quarter valued at approximately $27,000. Godsey & Gibb Inc. grew its holdings in Dominion Energy by 1.0% during the fourth quarter. Godsey & Gibb Inc. now owns 368,821 shares of the utilities provider’s stock valued at $19,865,000 after purchasing an additional 3,732 shares during the period. Armstrong Advisory Group Inc. increased its position in Dominion Energy by 4.2% in the fourth quarter. Armstrong Advisory Group Inc. now owns 10,329 shares of the utilities provider’s stock worth $556,000 after buying an additional 417 shares during the last quarter. Finally, Meridian Financial Partners LLC grew its stake in shares of Dominion Energy by 1.6% during the 4th quarter. Meridian Financial Partners LLC now owns 13,970 shares of the utilities provider’s stock worth $752,000 after acquiring an additional 219 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Price Performance

D opened at $55.10 on Friday. Dominion Energy, Inc. has a 12-month low of $43.53 and a 12-month high of $61.97. The company has a market cap of $46.28 billion, a price-to-earnings ratio of 19.33, a price-to-earnings-growth ratio of 1.16 and a beta of 0.60. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The stock has a fifty day simple moving average of $55.57 and a two-hundred day simple moving average of $55.67.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. The company had revenue of $3.94 billion during 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%. Dominion Energy’s revenue was up 3.4% on a year-over-year basis. During the same period last year, the company posted $0.77 EPS. Research analysts predict that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.85%. The ex-dividend date of this dividend was Friday, November 29th. Dominion Energy’s dividend payout ratio (DPR) is presently 93.68%.

Wall Street Analysts Forecast Growth

D has been the topic of a number of recent analyst reports. Morgan Stanley started coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 target price on the stock. The Goldman Sachs Group reiterated a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th. Barclays raised 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. Scotiabank increased their price objective on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Finally, Jefferies Financial Group began coverage on Dominion Energy in a research report on Friday, September 20th. They set a “hold” rating and a $58.00 price target on the stock. Eleven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Dominion Energy currently has a consensus rating of “Hold” and an average target price of $56.58.

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.