Horizon Kinetics Asset Management LLC Buys 2,500 Shares of Dominion Energy, Inc. (NYSE:D)

Horizon Kinetics Asset Management LLC lifted its stake in shares of Dominion Energy, Inc. (NYSE:D) by 30.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,750 shares of the utilities provider’s stock after acquiring an additional 2,500 shares during the quarter. Horizon Kinetics Asset Management LLC’s holdings in Dominion Energy were worth $579,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cape Investment Advisory Inc. raised its holdings in Dominion Energy by 175.4% during the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 300 shares during the period. BankPlus Trust Department purchased a new stake in shares of Dominion Energy during the fourth quarter worth about $26,000. Roble Belko & Company Inc bought a new stake in Dominion Energy during the 4th quarter valued at approximately $27,000. Fairway Wealth LLC purchased a new position in Dominion Energy in the 4th quarter worth approximately $27,000. Finally, CBIZ Investment Advisory Services LLC boosted its stake in Dominion Energy by 100.4% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 260 shares during the period. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Price Performance

NYSE:D opened at $54.75 on Tuesday. The firm has a market capitalization of $46.65 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 1.22 and a beta of 0.59. 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 business has a 50 day simple moving average of $55.14 and a 200-day simple moving average of $56.34. Dominion Energy, Inc. has a 1 year low of $46.56 and a 1 year high of $61.97.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, topping 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%. Equities analysts forecast that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is currently 98.89%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, March 11th. Scotiabank boosted their price target on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Finally, Morgan Stanley initiated coverage on Dominion Energy in a research 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 given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $57.18.

About Dominion Energy

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.