LifeWealth Investments LLC Buys New Position in Dominion Energy, Inc. (NYSE:D)

LifeWealth Investments LLC bought a new position in shares of Dominion Energy, Inc. (NYSE:D - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,021 shares of the utilities provider's stock, valued at approximately $270,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Barclays PLC boosted its holdings in Dominion Energy by 19.8% in the 3rd quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider's stock worth $141,739,000 after acquiring an additional 404,868 shares during the period. Pacer Advisors Inc. increased its stake in shares of Dominion Energy by 12.2% in the fourth quarter. Pacer Advisors Inc. now owns 70,213 shares of the utilities provider's stock worth $3,782,000 after buying an additional 7,632 shares during the last quarter. Greenwood Capital Associates LLC acquired a new stake in Dominion Energy in the fourth quarter valued at $1,027,000. Everett Harris & Co. CA boosted its stake in Dominion Energy by 7.9% during the 4th quarter. Everett Harris & Co. CA now owns 122,031 shares of the utilities provider's stock valued at $6,573,000 after acquiring an additional 8,902 shares during the last quarter. Finally, Principal Securities Inc. grew its holdings in Dominion Energy by 3.9% during the 4th quarter. Principal Securities Inc. now owns 15,799 shares of the utilities provider's stock worth $851,000 after acquiring an additional 590 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company's stock.

Analyst Ratings Changes

D has been the topic of a number of recent analyst reports. UBS Group upped their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Argus raised Dominion Energy to a "hold" rating in a report on Tuesday, March 25th. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $52.00 target price (down previously from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. Finally, Morgan Stanley dropped their price target on Dominion Energy from $63.00 to $62.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $58.63.

Dominion Energy Stock Performance

Shares of Dominion Energy stock traded down $0.77 on Wednesday, reaching $55.96. 6,770,756 shares of the company were exchanged, compared to its average volume of 4,539,384. The firm has a market cap of $47.72 billion, a price-to-earnings ratio of 20.73, a P/E/G ratio of 1.22 and a beta of 0.57. Dominion Energy, Inc. has a 1-year low of $47.99 and a 1-year high of $61.97. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The company's 50-day moving average is $54.22 and its two-hundred day moving average is $54.99.

Dominion Energy (NYSE:D - Get Free Report) last posted its earnings results on Thursday, May 1st. The utilities provider reported $0.93 EPS for the quarter, topping 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 firm had revenue of $4.08 billion during the quarter, compared to analysts' expectations of $3.95 billion. During the same quarter in the prior year, the firm earned $0.55 EPS. Dominion Energy's quarterly revenue was up 12.2% on a year-over-year basis. As a group, research analysts expect that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Thursday, May 29th will be given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date is Thursday, May 29th. Dominion Energy's dividend payout ratio (DPR) is 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.