9,160 Shares in Dominion Energy Inc. $D Purchased by Savvy Advisors Inc.

Savvy Advisors Inc. acquired a new stake in Dominion Energy Inc. (NYSE:D) during the third quarter, Holdings Channel reports. The firm acquired 9,160 shares of the utilities provider’s stock, valued at approximately $560,000.

Several other institutional investors have also added to or reduced their stakes in D. Vanguard Group Inc. raised its position in shares of Dominion Energy by 16.2% in the second quarter. Vanguard Group Inc. now owns 105,795,310 shares of the utilities provider’s stock valued at $5,979,551,000 after purchasing an additional 14,715,895 shares during the period. Norges Bank purchased a new position in Dominion Energy in the 2nd quarter valued at approximately $566,924,000. Mizuho Markets Americas LLC grew its stake in Dominion Energy by 139.3% in the 3rd quarter. Mizuho Markets Americas LLC now owns 867,500 shares of the utilities provider’s stock valued at $53,065,000 after buying an additional 3,073,835 shares in the last quarter. State Street Corp raised its holdings in Dominion Energy by 2.9% during the 2nd quarter. State Street Corp now owns 46,341,408 shares of the utilities provider’s stock valued at $2,619,216,000 after acquiring an additional 1,313,621 shares during the period. Finally, London Co. of Virginia lifted its position in shares of Dominion Energy by 30.9% during the second quarter. London Co. of Virginia now owns 4,965,699 shares of the utilities provider’s stock worth $280,662,000 after acquiring an additional 1,172,445 shares in the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Stock Up 2.1%

Shares of NYSE D opened at $66.46 on Friday. Dominion Energy Inc. has a 12 month low of $48.07 and a 12 month high of $66.79. The company has a current ratio of 0.84, a quick ratio of 0.65 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of $56.76 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 1.80 and a beta of 0.71. The business has a 50-day moving average of $60.07 and a 200-day moving average of $60.37.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 27th will be paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Friday, February 27th. Dominion Energy’s payout ratio is currently 90.82%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on D. BMO Capital Markets reduced their price target on Dominion Energy from $67.00 to $65.00 and set a “market perform” rating for the company in a research report on Monday, November 3rd. TD Cowen assumed coverage on Dominion Energy in a research note on Friday, January 9th. They issued a “hold” rating and a $65.00 target price for the company. JPMorgan Chase & Co. decreased their price target on Dominion Energy from $62.00 to $59.00 and set an “underweight” rating on the stock in a research report on Thursday, December 11th. Weiss Ratings raised shares of Dominion Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 9th. Finally, Wells Fargo & Company cut their price objective on shares of Dominion Energy from $67.00 to $64.00 and set an “overweight” rating for the company in a research report on Tuesday, January 20th. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $64.33.

About Dominion Energy

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.