Silvercrest Asset Management Group LLC Grows Stock Position in Dominion Energy, Inc. (NYSE:D)

Silvercrest Asset Management Group LLC increased its stake in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 354.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 278,991 shares of the utilities provider's stock after buying an additional 217,648 shares during the quarter. Silvercrest Asset Management Group LLC's holdings in Dominion Energy were worth $15,026,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Cape Investment Advisory Inc. increased its stake in Dominion Energy by 175.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 300 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Dominion Energy by 450.0% in the 4th 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. BankPlus Trust Department bought a new position in shares of Dominion Energy in the 4th quarter valued at $26,000. Fairway Wealth LLC acquired a new position in shares of Dominion Energy during the 4th quarter worth $27,000. Finally, CBIZ Investment Advisory Services LLC lifted its position in shares of Dominion Energy by 100.4% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider's stock worth $28,000 after buying an additional 260 shares during the last quarter. Institutional investors own 73.04% of the company's stock.

Wall Street Analyst Weigh In

D has been the topic of a number of research analyst reports. Argus upgraded shares of Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. Morgan Stanley boosted 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. UBS Group lifted their price target 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. Finally, JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $52.00 target price (down from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $58.75.

Dominion Energy Stock Performance

Shares of NYSE D traded down $1.46 during midday trading on Wednesday, reaching $56.54. The company's stock had a trading volume of 7,409,675 shares, compared to its average volume of 4,502,596. The stock has a market capitalization of $48.21 billion, a P/E 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 current ratio of 0.74 and a quick ratio of 0.58. The firm has a 50 day moving average price of $54.04 and a 200-day moving average price of $55.03. Dominion Energy, Inc. has a 12-month low of $47.99 and a 12-month high of $61.97.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.82 by $0.11. The business 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%. Dominion Energy's quarterly revenue was up 12.2% compared to the same quarter last year. During the same period last year, the company posted $0.55 earnings per share. As a group, equities analysts predict that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The business 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 dividend of $0.6675 per share. The ex-dividend date is Thursday, May 29th. This represents a $2.67 annualized dividend and a yield of 4.72%. Dominion Energy's payout ratio is currently 100.00%.

Dominion Energy Company 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.