Dominion Energy, Inc. (NYSE:D) Shares Bought by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. lifted its position in shares of Dominion Energy, Inc. (NYSE:D) by 70.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 11,163 shares of the utilities provider’s stock after acquiring an additional 4,613 shares during the period. Confluence Wealth Services Inc.’s holdings in Dominion Energy were worth $594,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Roble Belko & Company Inc acquired a new position in Dominion Energy during the 4th quarter valued at about $27,000. Sanctuary Wealth Management L.L.C. bought a new stake in shares of Dominion Energy during the 3rd quarter worth $28,000. Frazier Financial Advisors LLC purchased a new position in Dominion Energy in the 3rd quarter worth about $32,000. Dunhill Financial LLC raised its holdings in shares of Dominion Energy by 601.2% during the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 487 shares during the period. Finally, Larson Financial Group LLC raised its stake in Dominion Energy by 282.4% during the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 449 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Price Performance

Shares of NYSE:D opened at $54.08 on Thursday. 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 stock has a market capitalization of $45.43 billion, a P/E ratio of 18.97, a P/E/G ratio of 1.21 and a beta of 0.61. The business has a 50-day moving average of $54.81 and a two-hundred day moving average of $56.17. Dominion Energy, Inc. has a fifty-two week low of $43.53 and a fifty-two week high of $61.97.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be given a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a yield of 4.94%. Dominion Energy’s payout ratio is currently 93.68%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Scotiabank increased 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 report on Thursday, December 12th. Morgan Stanley began coverage on shares of Dominion Energy in a report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price target on the stock. The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a report on Friday, November 8th. Finally, Barclays lifted their price objective on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research 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. Based on data from MarketBeat.com, the company presently has an average 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.