Hall Capital Management Co. Inc. Purchases Shares of 8,361 Dominion Energy, Inc. (NYSE:D)

Hall Capital Management Co. Inc. acquired a new position in Dominion Energy, Inc. (NYSE:D - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,361 shares of the utilities provider's stock, valued at approximately $450,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC boosted its position in Dominion Energy by 450.0% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 378 shares during the last quarter. Cape Investment Advisory Inc. boosted its position in Dominion Energy by 175.4% during the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 300 shares during the last quarter. BankPlus Trust Department acquired a new position in Dominion Energy during the fourth quarter valued at approximately $26,000. Fairway Wealth LLC acquired a new stake in shares of Dominion Energy in the fourth quarter valued at approximately $27,000. Finally, Orion Capital Management LLC acquired a new stake in shares of Dominion Energy in the fourth quarter valued at approximately $27,000. Institutional investors and hedge funds own 73.04% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. 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 report on Tuesday, April 8th. Argus raised Dominion Energy to a "hold" rating in a report on Tuesday, March 25th. UBS Group lifted their price target on Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Finally, Morgan Stanley lowered their price objective on Dominion Energy from $63.00 to $62.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Dominion Energy currently has an average rating of "Hold" and a consensus target price of $58.63.

Dominion Energy Price Performance

Shares of D traded up $0.13 during midday trading on Thursday, hitting $56.01. The company's stock had a trading volume of 4,611,991 shares, compared to its average volume of 4,539,673. Dominion Energy, Inc. has a one year low of $47.99 and a one year high of $61.97. The company's fifty day simple moving average is $54.22 and its two-hundred day simple moving average is $54.99. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $47.76 billion, a price-to-earnings ratio of 20.74, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57.

Dominion Energy (NYSE:D - Get Free Report) last issued 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. The company had revenue of $4.08 billion for the quarter, compared to analyst estimates of $3.95 billion. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. The company's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.55 EPS. As a group, equities analysts expect that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, May 29th will be given a dividend of $0.6675 per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $2.67 dividend on an annualized basis and a yield of 4.77%. Dominion Energy's dividend payout ratio is currently 100.00%.

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.