CWA Asset Management Group LLC Has $599,000 Holdings in Dominion Energy, Inc. (NYSE:D)

CWA Asset Management Group LLC increased its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 18.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,123 shares of the utilities provider’s stock after purchasing an additional 1,700 shares during the quarter. CWA Asset Management Group LLC’s holdings in Dominion Energy were worth $599,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Sanctuary Wealth Management L.L.C. bought a new stake in Dominion Energy during the third quarter worth $28,000. Frazier Financial Advisors LLC acquired a new position in shares of Dominion Energy during the 3rd quarter worth about $32,000. Dunhill Financial LLC lifted its stake in Dominion Energy by 601.2% in the 3rd quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 487 shares during the last quarter. Larson Financial Group LLC grew its holdings in Dominion Energy by 282.4% during the third quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 449 shares during the period. Finally, Kimelman & Baird LLC acquired a new position in Dominion Energy during the second quarter worth approximately $36,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on D shares. Scotiabank lifted their price objective 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. Jefferies Financial Group initiated coverage on shares of Dominion Energy in a report on Friday, September 20th. They issued a “hold” rating and a $58.00 price target on the stock. Barclays upped their target price on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Morgan Stanley started coverage on Dominion Energy in a report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price target for the company. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a report on Friday, November 8th. Eleven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and an average target price of $56.58.

Dominion Energy Price Performance

D stock opened at $54.62 on Thursday. The company’s 50-day moving average price is $56.03 and its two-hundred day moving average price is $55.51. The firm has a market cap of $45.88 billion, a P/E ratio of 19.16, a P/E/G ratio of 1.44 and a beta of 0.60. 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 12 month low of $43.53 and a 12 month high of $61.97.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $4.18 billion. During the same period last year, the firm posted $0.77 earnings per share. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. On average, analysts anticipate that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company 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 annualized dividend and a dividend yield of 4.89%. The ex-dividend date was Friday, November 29th. Dominion Energy’s dividend payout ratio (DPR) is currently 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.