Moors & Cabot Inc. Grows Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Moors & Cabot Inc. raised its stake in shares of Dominion Energy, Inc. (NYSE:D) by 10.5% in the 4th quarter, Holdings Channel reports. The fund owned 28,053 shares of the utilities provider’s stock after acquiring an additional 2,664 shares during the quarter. Moors & Cabot Inc.’s holdings in Dominion Energy were worth $1,511,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Cape Investment Advisory Inc. increased its position in Dominion Energy by 175.4% during the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 300 shares during the period. BankPlus Trust Department purchased a new stake in shares of Dominion Energy in the fourth quarter valued at approximately $26,000. Roble Belko & Company Inc acquired a new position in Dominion Energy during the fourth quarter worth $27,000. Fairway Wealth LLC purchased a new position in Dominion Energy in the fourth quarter worth $27,000. Finally, Frazier Financial Advisors LLC purchased a new stake in shares of Dominion Energy during the 3rd quarter worth $32,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Price Performance

Shares of NYSE:D opened at $54.08 on Friday. The company has a market cap of $46.08 billion, a PE ratio of 20.03, a P/E/G ratio of 1.22 and a beta of 0.59. Dominion Energy, Inc. has a fifty-two week low of $46.56 and a fifty-two week high of $61.97. The firm has a 50-day simple moving average of $55.12 and a 200 day simple moving average of $56.36. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D) last posted its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, beating 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, sell-side analysts anticipate that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.94%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is 98.89%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on D. Scotiabank increased their target price 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. JPMorgan Chase & Co. upped their price target on Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Morgan Stanley initiated coverage on Dominion Energy in a report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price objective for the company. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $57.18.

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.