Daymark Wealth Partners LLC Boosts Stock Position in Dominion Energy, Inc. (NYSE:D)

Daymark Wealth Partners LLC increased its stake in Dominion Energy, Inc. (NYSE:D) by 68.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,987 shares of the utilities provider’s stock after purchasing an additional 8,109 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Dominion Energy were worth $1,076,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in D. Albion Financial Group UT increased its holdings in Dominion Energy by 279.0% during the 4th quarter. Albion Financial Group UT now owns 758 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 558 shares during the period. Viking Fund Management LLC grew its position in shares of Dominion Energy by 400.0% during the 4th quarter. Viking Fund Management LLC now owns 3,500 shares of the utilities provider’s stock valued at $189,000 after purchasing an additional 2,800 shares in the last quarter. Dakota Wealth Management increased its holdings in shares of Dominion Energy by 5.2% in the fourth quarter. Dakota Wealth Management now owns 56,323 shares of the utilities provider’s stock worth $3,034,000 after purchasing an additional 2,784 shares during the period. Nisa Investment Advisors LLC raised its position in shares of Dominion Energy by 56.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 149,245 shares of the utilities provider’s stock worth $8,038,000 after buying an additional 53,969 shares in the last quarter. Finally, Simon Quick Advisors LLC boosted its stake in Dominion Energy by 4.5% during the fourth quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider’s stock valued at $229,000 after buying an additional 184 shares during the period. 73.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on D shares. Scotiabank raised their price target on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. The Goldman Sachs Group restated a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. Morgan Stanley started coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 target price for the company. Finally, Barclays increased their price target on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $56.58.

Dominion Energy Stock Performance

Dominion Energy stock opened at $52.93 on Thursday. The firm has a fifty day simple moving average of $55.41 and a two-hundred day simple moving average of $55.90. 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, Inc. has a twelve month low of $43.53 and a twelve month high of $61.97. The company has a market capitalization of $44.46 billion, a PE ratio of 18.57, a P/E/G ratio of 1.22 and a beta of 0.60.

Dominion Energy (NYSE:D) last released its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share 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 company had revenue of $3.94 billion during the quarter, compared to analyst estimates of $4.18 billion. During the same quarter in the previous year, the company posted $0.77 EPS. Dominion Energy’s revenue for the quarter was up 3.4% on a year-over-year basis. Research analysts expect that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 5.04%. The ex-dividend date was Friday, November 29th. Dominion Energy’s dividend payout ratio is 93.68%.

Dominion Energy 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.