J.W. Cole Advisors Inc. Acquires 257 Shares of Dominion Energy, Inc. (NYSE:D)

J.W. Cole Advisors Inc. grew its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 2.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 11,630 shares of the utilities provider’s stock after purchasing an additional 257 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Dominion Energy were worth $626,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of D. Vontobel Holding Ltd. acquired a new position in shares of Dominion Energy during the third quarter worth approximately $389,000. Howard Capital Management Group LLC acquired a new position in shares of Dominion Energy during the third quarter worth approximately $210,000. Allspring Global Investments Holdings LLC raised its position in shares of Dominion Energy by 0.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 247,770 shares of the utilities provider’s stock worth $14,319,000 after purchasing an additional 1,130 shares during the period. Foundations Investment Advisors LLC raised its position in shares of Dominion Energy by 12.5% during the third quarter. Foundations Investment Advisors LLC now owns 11,398 shares of the utilities provider’s stock worth $659,000 after purchasing an additional 1,262 shares during the period. Finally, Oakworth Capital Inc. raised its position in shares of Dominion Energy by 48.4% during the third quarter. Oakworth Capital Inc. now owns 1,410 shares of the utilities provider’s stock worth $81,000 after purchasing an additional 460 shares during the period. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Trading Up 0.1 %

Shares of Dominion Energy stock opened at $55.69 on Thursday. Dominion Energy, Inc. has a 1 year low of $44.17 and a 1 year high of $61.97. The firm has a market cap of $46.78 billion, a PE ratio of 20.62, a P/E/G ratio of 1.21 and a beta of 0.61. The stock has a fifty day moving average price of $54.46 and a 200-day moving average price of $56.32. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. Equities research analysts anticipate that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.6675 per share. The ex-dividend date is Friday, February 28th. This represents a $2.67 annualized dividend and a dividend yield of 4.79%. Dominion Energy’s payout ratio is 98.89%.

Wall Street Analysts Forecast Growth

D has been the subject of a number of analyst reports. Morgan Stanley initiated coverage on Dominion Energy in a research report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price target for the company. The Goldman Sachs Group reissued a “neutral” rating and issued a $61.00 price target on shares of Dominion Energy in a research report on Friday, November 8th. Finally, Scotiabank increased their price target 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. Eleven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $56.58.

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.