Fifth Third Wealth Advisors LLC Acquires 3,388 Shares of Dominion Energy, Inc. (NYSE:D)

Fifth Third Wealth Advisors LLC increased its stake in shares of Dominion Energy, Inc. (NYSE:D) by 8.5% during the fourth quarter, HoldingsChannel reports. The fund owned 43,274 shares of the utilities provider’s stock after acquiring an additional 3,388 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Dominion Energy were worth $2,331,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale raised its holdings in Dominion Energy by 16.5% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 136,103 shares of the utilities provider’s stock valued at $6,745,000 after acquiring an additional 19,260 shares in the last quarter. Wealthspire Advisors LLC lifted its position in Dominion Energy by 6.7% in the second quarter. Wealthspire Advisors LLC now owns 7,961 shares of the utilities provider’s stock worth $390,000 after purchasing an additional 497 shares during the period. J.W. Cole Advisors Inc. increased its holdings in Dominion Energy by 4.6% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 15,103 shares of the utilities provider’s stock valued at $740,000 after buying an additional 668 shares during the period. Brown Brothers Harriman & Co. raised its stake in shares of Dominion Energy by 36.4% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 18,886 shares of the utilities provider’s stock valued at $925,000 after buying an additional 5,044 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Dominion Energy by 4.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,127,357 shares of the utilities provider’s stock worth $104,253,000 after acquiring an additional 89,379 shares during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Trading Up 0.6 %

Shares of NYSE D opened at $53.77 on Wednesday. Dominion Energy, Inc. has a 1-year low of $43.53 and a 1-year high of $61.97. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The company has a 50-day moving average of $55.64 and a two-hundred day moving average of $55.68. The company has a market cap of $45.17 billion, a PE ratio of 18.87, a P/E/G ratio of 1.44 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 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $4.18 billion. During the same period last year, the firm earned $0.77 EPS. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. As a group, equities analysts expect that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were paid a $0.6675 dividend. The ex-dividend date was Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a yield of 4.97%. Dominion Energy’s payout ratio is presently 93.68%.

Analyst Upgrades and Downgrades

D has been the subject of several recent research reports. 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. Jefferies Financial Group assumed coverage on Dominion Energy in a report on Friday, September 20th. They issued a “hold” rating and a $58.00 target price for the company. Scotiabank boosted their price target on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Morgan Stanley started coverage on Dominion Energy in a research report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price target on the stock. Finally, Barclays lifted their price objective on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Eleven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $56.58.

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.