Seneca House Advisors Increases Stake in Dominion Energy, Inc. (NYSE:D)

Seneca House Advisors increased its holdings in Dominion Energy, Inc. (NYSE:D) by 19.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 11,970 shares of the utilities provider’s stock after acquiring an additional 1,915 shares during the quarter. Seneca House Advisors’ holdings in Dominion Energy were worth $645,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in D. Pacer Advisors Inc. grew its holdings in shares of Dominion Energy by 4.7% in the second quarter. Pacer Advisors Inc. now owns 59,380 shares of the utilities provider’s stock worth $2,910,000 after purchasing an additional 2,680 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in Dominion Energy by 2.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 54,018 shares of the utilities provider’s stock valued at $2,647,000 after buying an additional 1,163 shares during the period. Evergreen Capital Management LLC grew its holdings in Dominion Energy by 7.1% in the 2nd quarter. Evergreen Capital Management LLC now owns 5,114 shares of the utilities provider’s stock worth $251,000 after acquiring an additional 340 shares during the last quarter. Bank of Montreal Can increased its position in shares of Dominion Energy by 21.0% in the second quarter. Bank of Montreal Can now owns 829,522 shares of the utilities provider’s stock valued at $42,671,000 after acquiring an additional 144,139 shares during the period. Finally, Marshall Wace LLP bought a new position in shares of Dominion Energy during the second quarter valued at about $1,651,000. 73.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Dominion Energy Stock Up 0.6 %

Shares of Dominion Energy stock opened at $53.25 on Friday. Dominion Energy, Inc. has a 1 year low of $43.53 and a 1 year high of $61.97. 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 company has a 50-day moving average of $55.34 and a 200 day moving average of $55.88. The firm has a market cap of $44.73 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 1.15 and a beta of 0.60.

Dominion Energy (NYSE:D) last announced 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 net margin of 16.95% and a return on equity of 8.35%. The business had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $4.18 billion. During the same quarter last year, the firm earned $0.77 earnings per share. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date was Friday, November 29th. Dominion Energy’s payout ratio is currently 93.68%.

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.