Decker Retirement Planning Inc. Invests $88,000 in Dominion Energy, Inc. (NYSE:D)

Decker Retirement Planning Inc. bought a new stake in Dominion Energy, Inc. (NYSE:D) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,634 shares of the utilities provider’s stock, valued at approximately $88,000.

Several other large investors have also recently added to or reduced their stakes in D. State Street Corp boosted its holdings in shares of Dominion Energy by 3.2% in the 3rd quarter. State Street Corp now owns 44,297,832 shares of the utilities provider’s stock valued at $2,559,972,000 after purchasing an additional 1,365,555 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Dominion Energy by 4.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider’s stock worth $1,653,964,000 after buying an additional 1,222,688 shares during the period. Geode Capital Management LLC boosted its holdings in Dominion Energy by 2.1% in the third quarter. Geode Capital Management LLC now owns 17,875,221 shares of the utilities provider’s stock valued at $1,032,941,000 after acquiring an additional 367,193 shares during the last quarter. Franklin Resources Inc. grew its position in Dominion Energy by 4.8% during the third quarter. Franklin Resources Inc. now owns 8,718,747 shares of the utilities provider’s stock valued at $496,358,000 after acquiring an additional 398,012 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC increased its stake in Dominion Energy by 63.5% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider’s stock worth $487,567,000 after acquiring an additional 3,278,175 shares during the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on D shares. Barclays lifted their price objective on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Scotiabank lifted their price target on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Morgan Stanley began 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 objective for the company. The Goldman Sachs Group restated a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a report on Friday, November 8th. Finally, Jefferies Financial Group initiated coverage on Dominion Energy in a report on Friday, September 20th. They issued a “hold” rating and a $58.00 price target for the company. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $56.58.

Dominion Energy Stock Performance

NYSE:D opened at $55.10 on Friday. Dominion Energy, Inc. has a 1-year low of $43.53 and a 1-year high of $61.97. The stock has a market cap of $46.28 billion, a P/E ratio of 19.33, a PEG ratio of 1.16 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 firm has a 50-day moving average of $55.57 and a two-hundred day 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 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The firm had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $4.18 billion. During the same quarter in the prior year, the business posted $0.77 earnings per share. Dominion Energy’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, research analysts expect that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders 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 dividend yield of 4.85%. The ex-dividend date of this dividend was Friday, November 29th. Dominion Energy’s payout ratio is currently 93.68%.

Dominion Energy Company 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.