New York Life Investment Management LLC Grows Stock Holdings in Dominion Energy, Inc. (NYSE:D)

New York Life Investment Management LLC raised its position in shares of Dominion Energy, Inc. (NYSE:D) by 0.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 112,300 shares of the utilities provider’s stock after buying an additional 1,011 shares during the period. New York Life Investment Management LLC’s holdings in Dominion Energy were worth $6,048,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Simon Quick Advisors LLC lifted its position in shares of Dominion Energy by 4.5% during the fourth quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider’s stock valued at $229,000 after buying an additional 184 shares during the last quarter. Cobblestone Capital Advisors LLC NY lifted its position in shares of Dominion Energy by 2.6% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 7,786 shares of the utilities provider’s stock valued at $450,000 after buying an additional 195 shares during the last quarter. Passumpsic Savings Bank lifted its position in shares of Dominion Energy by 2.7% during the third quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider’s stock valued at $441,000 after buying an additional 199 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of Dominion Energy by 0.6% during the third quarter. Crossmark Global Holdings Inc. now owns 33,670 shares of the utilities provider’s stock valued at $1,946,000 after buying an additional 208 shares during the last quarter. Finally, Meridian Financial Partners LLC lifted its position in shares of Dominion Energy by 1.6% during the fourth quarter. Meridian Financial Partners LLC now owns 13,970 shares of the utilities provider’s stock valued at $752,000 after buying an additional 219 shares during the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on D. Morgan Stanley began coverage on shares of Dominion Energy in a report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price objective on the stock. The Goldman Sachs Group restated a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a report on Friday, November 8th. Finally, Scotiabank upped their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Eleven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $56.58.

Dominion Energy Price Performance

Shares of NYSE:D opened at $56.60 on Friday. Dominion Energy, Inc. has a twelve month low of $44.17 and a twelve month high of $61.97. The company’s 50 day moving average is $54.94 and its 200 day moving average is $56.43. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The company has a market cap of $47.54 billion, a PE ratio of 20.96, a price-to-earnings-growth ratio of 1.22 and a beta of 0.61.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. On average, sell-side analysts forecast that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 annualized dividend and a yield of 4.72%. Dominion Energy’s dividend payout ratio (DPR) is presently 98.89%.

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.