Belpointe Asset Management LLC Has $436,000 Stock Position in Dominion Energy, Inc. (NYSE:D)

Belpointe Asset Management LLC increased its position in shares of Dominion Energy, Inc. (NYSE:DFree Report) by 49.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,278 shares of the utilities provider’s stock after buying an additional 3,077 shares during the quarter. Belpointe Asset Management LLC’s holdings in Dominion Energy were worth $436,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Criterion Capital Advisors LLC acquired a new stake in shares of Dominion Energy in the 4th quarter valued at $29,000. Moisand Fitzgerald Tamayo LLC bought a new stake in Dominion Energy in the fourth quarter valued at approximately $30,000. Venturi Wealth Management LLC increased its holdings in shares of Dominion Energy by 84.5% in the fourth quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 310 shares in the last quarter. Oliver Lagore Vanvalin Investment Group lifted its stake in Dominion Energy by 91.1% in the third quarter. Oliver Lagore Vanvalin Investment Group now owns 839 shares of the utilities provider’s stock valued at $37,000 after buying an additional 400 shares in the last quarter. Finally, Operose Advisors LLC boosted its stake in Dominion Energy by 60.3% in the 3rd quarter. Operose Advisors LLC now owns 827 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 311 shares during the period. 73.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on D shares. Barclays decreased their target price on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Monday, April 15th. Evercore ISI upped their price target on shares of Dominion Energy from $47.00 to $53.00 and gave the stock an “in-line” rating in a report on Friday, May 3rd. BMO Capital Markets upped their price objective on shares of Dominion Energy from $51.00 to $52.00 and gave the stock a “market perform” rating in a research report on Monday, May 6th. Guggenheim dropped their price objective on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a report on Monday, March 4th. Finally, Mizuho lifted their price objective on Dominion Energy from $45.00 to $52.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $51.73.

Read Our Latest Report on D

Dominion Energy Stock Performance

Dominion Energy stock opened at $52.27 on Friday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.94 and a current ratio of 1.05. The company has a market capitalization of $43.78 billion, a PE ratio of 26.94, a P/E/G ratio of 1.40 and a beta of 0.60. The company has a 50 day moving average price of $51.21 and a 200-day moving average price of $48.36. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $54.74.

Dominion Energy (NYSE:DGet Free Report) last announced its earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.04. The business had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $4.34 billion. Dominion Energy had a return on equity of 7.50% and a net margin of 11.57%. The business’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.99 EPS. As a group, equities analysts forecast that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, May 31st will be given a $0.6675 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.11%. Dominion Energy’s payout ratio is 137.63%.

Dominion Energy Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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