Campbell Wealth Management bought a new position in shares of Dominion Energy Inc (NYSE:D) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,135 shares of the utilities provider’s stock, valued at approximately $724,000. Dominion Energy makes up 0.2% of Campbell Wealth Management’s holdings, making the stock its 20th biggest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc boosted its holdings in Dominion Energy by 1.7% during the third quarter. Vanguard Group Inc now owns 49,883,013 shares of the utilities provider’s stock valued at $3,505,778,000 after purchasing an additional 825,191 shares in the last quarter. BlackRock Inc. boosted its holdings in Dominion Energy by 2.2% during the fourth quarter. BlackRock Inc. now owns 47,209,637 shares of the utilities provider’s stock valued at $3,373,599,000 after purchasing an additional 1,032,107 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Dominion Energy by 23.1% during the fourth quarter. Geode Capital Management LLC now owns 9,056,270 shares of the utilities provider’s stock valued at $646,097,000 after purchasing an additional 1,697,619 shares in the last quarter. Northern Trust Corp boosted its holdings in Dominion Energy by 7.9% during the fourth quarter. Northern Trust Corp now owns 8,392,621 shares of the utilities provider’s stock valued at $599,737,000 after purchasing an additional 613,093 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Dominion Energy by 29.9% during the third quarter. Bank of New York Mellon Corp now owns 6,146,819 shares of the utilities provider’s stock valued at $431,998,000 after purchasing an additional 1,413,097 shares in the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

NYSE:D opened at $77.04 on Friday. Dominion Energy Inc has a 1 year low of $61.53 and a 1 year high of $77.22. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.67 and a quick ratio of 0.49. The company has a market capitalization of $61.58 billion, a PE ratio of 19.02, a PEG ratio of 3.34 and a beta of 0.22.

Dominion Energy (NYSE:D) last posted its earnings results on Friday, February 1st. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.02). Dominion Energy had a net margin of 18.31% and a return on equity of 12.85%. The firm had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter last year, the firm posted $0.91 EPS. The business’s revenue was up 4.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Dominion Energy Inc will post 4.2 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 20th. Stockholders of record on Friday, March 1st will be paid a $0.9175 dividend. The ex-dividend date is Thursday, February 28th. This represents a $3.67 dividend on an annualized basis and a dividend yield of 4.76%. This is a boost from Dominion Energy’s previous quarterly dividend of $0.84. Dominion Energy’s payout ratio is 90.62%.

In related news, Director D Maybank Hagood acquired 1,965 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was purchased at an average price of $76.34 per share, for a total transaction of $150,008.10. Following the transaction, the director now directly owns 2,975 shares of the company’s stock, valued at approximately $227,111.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert H. Spilman, Jr. sold 1,215 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $76.01, for a total transaction of $92,352.15. Following the completion of the transaction, the director now owns 23,598 shares of the company’s stock, valued at approximately $1,793,683.98. The disclosure for this sale can be found here. Insiders own 0.34% of the company’s stock.

A number of equities research analysts have weighed in on the company. Argus reaffirmed a “buy” rating on shares of Dominion Energy in a report on Wednesday, February 27th. ValuEngine raised Dominion Energy from a “hold” rating to a “buy” rating in a report on Saturday, December 15th. Mizuho assumed coverage on Dominion Energy in a report on Monday, March 11th. They set a “neutral” rating and a $76.00 price objective on the stock. Zacks Investment Research raised Dominion Energy from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a report on Monday, January 7th. Finally, UBS Group raised Dominion Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $75.00 to $84.00 in a report on Thursday, November 29th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $84.75.

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Dominion Energy Company Profile

Dominion Energy, Inc produces and transports energy in the United States. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities through gas, coal, nuclear, oil, renewables, biomass, hydro, solar, and power purchase agreements; and related energy supply operations.

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

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