Navalign LLC Invests $690,000 in Dominion Energy, Inc. (NYSE:D)

Navalign LLC purchased a new position in shares of Dominion Energy, Inc. (NYSE:D - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 12,807 shares of the utilities provider's stock, valued at approximately $690,000.

Several other hedge funds have also recently bought and sold shares of the business. Barclays PLC increased its position in shares of Dominion Energy by 19.8% during the third 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 last quarter. JPMorgan Chase & Co. increased its position in shares of Dominion Energy by 4.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider's stock worth $1,653,964,000 after purchasing an additional 1,222,688 shares during the last quarter. Merit Financial Group LLC raised its stake in shares of Dominion Energy by 21.7% in the 4th quarter. Merit Financial Group LLC now owns 12,216 shares of the utilities provider's stock valued at $658,000 after purchasing an additional 2,175 shares in the last quarter. Arkadios Wealth Advisors lifted its position in shares of Dominion Energy by 13.0% during the fourth quarter. Arkadios Wealth Advisors now owns 4,930 shares of the utilities provider's stock worth $266,000 after purchasing an additional 569 shares during the last quarter. Finally, UMB Bank n.a. grew its stake in Dominion Energy by 3.9% in the fourth quarter. UMB Bank n.a. now owns 17,273 shares of the utilities provider's stock worth $930,000 after purchasing an additional 649 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on D. Argus raised Dominion Energy to a "hold" rating in a report on Tuesday, March 25th. Morgan Stanley lifted their price objective on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. UBS Group raised their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Finally, JPMorgan Chase & Co. restated an "underweight" rating and set a $52.00 price target (down previously from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. One investment 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. Based on data from MarketBeat.com, Dominion Energy presently has a consensus rating of "Hold" and a consensus price target of $58.75.

Dominion Energy Trading Down 2.5%

NYSE:D opened at $56.54 on Thursday. The stock has a market cap of $48.21 billion, a price-to-earnings ratio of 20.94, a PEG ratio of 1.22 and a beta of 0.57. 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, Inc. has a 1 year low of $47.99 and a 1 year high of $61.97. The business has a fifty day moving average of $54.08 and a 200-day moving average of $55.04.

Dominion Energy (NYSE:D - Get Free Report) last announced its earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $3.95 billion. During the same quarter in the prior year, the firm posted $0.55 EPS. Dominion Energy's revenue was up 12.2% compared to the same quarter last year. Equities analysts predict that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 29th will be given a $0.6675 dividend. The ex-dividend date is Thursday, May 29th. This represents a $2.67 dividend on an annualized basis and a yield of 4.72%. 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.

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