Strive Asset Management LLC Takes Position in Dominion Energy, Inc. (NYSE:D)

Strive Asset Management LLC acquired a new stake in Dominion Energy, Inc. (NYSE:D - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 11,373 shares of the utilities provider's stock, valued at approximately $613,000.

Several other institutional investors and hedge funds have also modified their holdings of D. Barclays PLC boosted its holdings in shares of Dominion Energy by 19.8% in the 3rd quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider's stock valued at $141,739,000 after buying an additional 404,868 shares during the last quarter. JPMorgan Chase & Co. increased its position in Dominion Energy by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider's stock worth $1,653,964,000 after buying an additional 1,222,688 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Dominion Energy by 273.8% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,753 shares of the utilities provider's stock worth $94,000 after purchasing an additional 1,284 shares during the period. Hennessy Advisors Inc. increased its position in shares of Dominion Energy by 2.8% in the fourth quarter. Hennessy Advisors Inc. now owns 66,277 shares of the utilities provider's stock worth $3,570,000 after purchasing an additional 1,800 shares during the period. Finally, Wealthcare Advisory Partners LLC increased its position in shares of Dominion Energy by 83.8% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 15,507 shares of the utilities provider's stock worth $835,000 after purchasing an additional 7,072 shares during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on D. Morgan Stanley raised their price objective on Dominion Energy from $60.00 to $63.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. Argus raised Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $52.00 price objective (down from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. Finally, UBS Group lifted their price objective on Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $58.75.

Dominion Energy Stock Down 2.5%

Dominion Energy stock traded down $1.46 during mid-day trading on Wednesday, reaching $56.54. The stock had a trading volume of 7,409,675 shares, compared to its average volume of 4,502,596. The firm has a market capitalization of $48.21 billion, a PE ratio of 20.94, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57. Dominion Energy, Inc. has a fifty-two week low of $47.99 and a fifty-two week high of $61.97. The stock's 50-day simple moving average is $54.04 and its 200-day simple moving average is $55.03. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74.

Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.11. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. The business had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $3.95 billion. During the same quarter last year, the firm posted $0.55 EPS. Dominion Energy's revenue was up 12.2% compared to the same quarter last year. On average, sell-side analysts forecast that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, May 29th will be given a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.72%. The ex-dividend date is Thursday, May 29th. Dominion Energy's payout ratio is currently 100.00%.

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.