Savvy Advisors Inc. Takes Position in Dominion Energy Inc. $D

Savvy Advisors Inc. bought a new stake in Dominion Energy Inc. (NYSE:D) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 9,160 shares of the utilities provider’s stock, valued at approximately $560,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Onyx Bridge Wealth Group LLC bought a new stake in shares of Dominion Energy during the third quarter valued at approximately $220,000. Allegheny Financial Group acquired a new stake in Dominion Energy in the 3rd quarter valued at $315,000. Cibc World Market Inc. increased its stake in Dominion Energy by 2.2% during the 3rd quarter. Cibc World Market Inc. now owns 63,169 shares of the utilities provider’s stock valued at $3,864,000 after purchasing an additional 1,369 shares in the last quarter. Caprock Group LLC acquired a new position in Dominion Energy during the third quarter worth $861,000. Finally, Rhumbline Advisers lifted its stake in shares of Dominion Energy by 1.0% in the third quarter. Rhumbline Advisers now owns 1,511,618 shares of the utilities provider’s stock valued at $92,466,000 after buying an additional 14,874 shares in the last quarter. 73.04% of the stock is owned by institutional investors.

Dominion Energy Trading Up 2.1%

NYSE D opened at $66.46 on Friday. The stock has a market capitalization of $56.76 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 1.80 and a beta of 0.71. The business’s fifty day moving average is $60.07 and its 200-day moving average is $60.37. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.84 and a quick ratio of 0.65. Dominion Energy Inc. has a one year low of $48.07 and a one year high of $66.79.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 27th will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Friday, February 27th. Dominion Energy’s dividend payout ratio is 90.82%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on D shares. BMO Capital Markets lowered their target price on shares of Dominion Energy from $67.00 to $65.00 and set a “market perform” rating on the stock in a report on Monday, November 3rd. Wells Fargo & Company decreased their price objective on Dominion Energy from $67.00 to $64.00 and set an “overweight” rating for the company in a report on Tuesday, January 20th. Royal Bank Of Canada restated a “sector perform” rating and issued a $70.00 target price on shares of Dominion Energy in a report on Tuesday, October 28th. Barclays decreased their price target on Dominion Energy from $64.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, January 22nd. Finally, TD Cowen initiated coverage on Dominion Energy in a research note on Friday, January 9th. They set a “hold” rating and a $65.00 price objective on the stock. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $64.33.

Dominion Energy Company Profile

Dominion Energy, Inc, headquartered in Richmond, Virginia, is a diversified energy company that primarily operates regulated electricity and natural gas utilities and develops energy infrastructure. The company’s core activities include the generation, transmission and distribution of electricity to residential, commercial and industrial customers, as well as the purchase, storage and delivery of natural gas. Dominion combines traditional utility operations with energy infrastructure businesses to provide essential services across its service territories.

Dominion’s electricity portfolio spans multiple technologies and fuel sources, including nuclear, natural gas-fired generation and renewable resources such as utility-scale solar and wind.