TCW Group Inc. Makes New $622,000 Investment in Dominion Energy, Inc. (NYSE:D)

TCW Group Inc. bought a new position in shares of Dominion Energy, Inc. (NYSE:D) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 13,221 shares of the utilities provider’s stock, valued at approximately $622,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Providence Capital Advisors LLC raised its stake in shares of Dominion Energy by 0.6% during the 3rd quarter. Providence Capital Advisors LLC now owns 36,772 shares of the utilities provider’s stock worth $1,643,000 after buying an additional 228 shares during the period. Valmark Advisers Inc. raised its stake in shares of Dominion Energy by 3.9% during the 3rd quarter. Valmark Advisers Inc. now owns 6,674 shares of the utilities provider’s stock worth $298,000 after buying an additional 250 shares during the period. Tyler Stone Wealth Management raised its stake in Dominion Energy by 6.3% in the 3rd quarter. Tyler Stone Wealth Management now owns 4,224 shares of the utilities provider’s stock valued at $189,000 after purchasing an additional 250 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in Dominion Energy by 11.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,455 shares of the utilities provider’s stock valued at $115,000 after purchasing an additional 259 shares during the last quarter. Finally, Seneca House Advisors raised its stake in Dominion Energy by 2.5% in the 4th quarter. Seneca House Advisors now owns 11,127 shares of the utilities provider’s stock valued at $523,000 after purchasing an additional 270 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Trading Up 0.5 %

Shares of NYSE D traded up $0.25 during mid-day trading on Friday, reaching $52.79. 2,134,359 shares of the company’s stock were exchanged, compared to its average volume of 3,909,238. The firm has a market capitalization of $44.22 billion, a price-to-earnings ratio of 27.21, a PEG ratio of 1.41 and a beta of 0.59. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.94 and a current ratio of 1.05. Dominion Energy, Inc. has a 52-week low of $39.18 and a 52-week high of $54.74. The company’s 50-day moving average is $50.36 and its 200-day moving average is $47.94.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. Dominion Energy had a return on equity of 7.50% and a net margin of 11.57%. The business had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $4.34 billion. During the same period in the prior year, the business posted $0.99 EPS. The company’s revenue was down 6.5% compared to the same quarter last year. Analysts expect that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, May 31st will be issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 5.06%. The ex-dividend date of this dividend is Friday, May 31st. Dominion Energy’s dividend payout ratio (DPR) is 137.63%.

Insider Activity at Dominion Energy

In other news, CEO Robert M. Blue bought 21,735 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was bought at an average cost of $45.91 per share, for a total transaction of $997,853.85. Following the acquisition, the chief executive officer now directly owns 176,240 shares of the company’s stock, valued at approximately $8,091,178.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Robert M. Blue purchased 21,735 shares of Dominion Energy stock in a transaction on Monday, March 4th. The shares were bought at an average price of $45.91 per share, with a total value of $997,853.85. Following the transaction, the chief executive officer now directly owns 176,240 shares of the company’s stock, valued at $8,091,178.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph M. Rigby purchased 2,130 shares of Dominion Energy stock in a transaction on Wednesday, March 6th. The stock was bought at an average cost of $46.94 per share, for a total transaction of $99,982.20. Following the transaction, the director now directly owns 8,417 shares in the company, valued at $395,093.98. The disclosure for this purchase can be found here. 0.14% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on D shares. BMO Capital Markets increased their price objective on Dominion Energy from $51.00 to $52.00 and gave the company a “market perform” rating in a research note on Monday, May 6th. Scotiabank reduced their price objective on Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. Bank of America raised Dominion Energy from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $43.00 to $54.00 in a research note on Friday, May 10th. Guggenheim dropped their target price on Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a report on Monday, March 4th. Finally, Barclays dropped their target price on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating for the company in a report on Monday, April 15th. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $51.73.

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.