Caprock Group LLC Makes New $861,000 Investment in Dominion Energy Inc. $D

Caprock Group LLC purchased a new position in shares of Dominion Energy Inc. (NYSE:D) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,380 shares of the utilities provider’s stock, valued at approximately $861,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in D. Brighton Jones LLC grew its holdings in Dominion Energy by 64.3% in the 4th quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider’s stock valued at $489,000 after buying an additional 3,553 shares during the period. Empowered Funds LLC boosted its position in shares of Dominion Energy by 8.3% in the first quarter. Empowered Funds LLC now owns 17,571 shares of the utilities provider’s stock worth $985,000 after acquiring an additional 1,344 shares during the last quarter. Woodline Partners LP grew its holdings in Dominion Energy by 40.7% in the first quarter. Woodline Partners LP now owns 70,968 shares of the utilities provider’s stock valued at $3,979,000 after purchasing an additional 20,522 shares during the period. Intech Investment Management LLC increased its position in Dominion Energy by 71.2% during the first quarter. Intech Investment Management LLC now owns 30,460 shares of the utilities provider’s stock worth $1,708,000 after purchasing an additional 12,663 shares during the last quarter. Finally, Ritholtz Wealth Management purchased a new position in Dominion Energy during the second quarter worth approximately $236,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Up 2.1%

NYSE D opened at $66.46 on Monday. The stock has a market cap of $56.76 billion, a P/E ratio of 22.61, a PEG ratio of 1.80 and a beta of 0.71. The company’s fifty day simple moving average is $60.07 and its 200-day simple moving average is $60.38. The company has a current ratio of 0.84, a quick ratio of 0.65 and a debt-to-equity ratio of 1.41. Dominion Energy Inc. has a 52 week low of $48.07 and a 52 week high of $66.79.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, February 27th will be paid a dividend of $0.6675 per share. The ex-dividend date is Friday, February 27th. This represents a $2.67 annualized dividend and a dividend yield of 4.0%. Dominion Energy’s dividend payout ratio (DPR) is currently 90.82%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on D. BMO Capital Markets lowered their price objective on shares of Dominion Energy from $67.00 to $65.00 and set a “market perform” rating for the company in a research note on Monday, November 3rd. Weiss Ratings upgraded Dominion Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 9th. Barclays cut their price objective on Dominion Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, January 22nd. Morgan Stanley increased their target price on shares of Dominion Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 22nd. Finally, Wells Fargo & Company reduced their price target on shares of Dominion Energy from $67.00 to $64.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 20th. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $64.33.

Dominion Energy Profile

Dominion Energy, Inc, headquartered in Richmond, Virginia, is a diversified energy company that primarily operates regulated electricity and natural gas utilities and develops energy infrastructure. The company’s core activities include the generation, transmission and distribution of electricity to residential, commercial and industrial customers, as well as the purchase, storage and delivery of natural gas. Dominion combines traditional utility operations with energy infrastructure businesses to provide essential services across its service territories.

Dominion’s electricity portfolio spans multiple technologies and fuel sources, including nuclear, natural gas-fired generation and renewable resources such as utility-scale solar and wind.