Tocqueville Asset Management L.P. Trims Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Tocqueville Asset Management L.P. trimmed its holdings in Dominion Energy, Inc. (NYSE:D) by 3.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 7,864 shares of the utilities provider’s stock after selling 250 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Dominion Energy were worth $424,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Cape Investment Advisory Inc. grew its position in shares of Dominion Energy by 175.4% during the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 300 shares in the last quarter. BankPlus Trust Department purchased a new position in shares of Dominion Energy during the 4th quarter valued at $26,000. Roble Belko & Company Inc purchased a new position in shares of Dominion Energy during the 4th quarter valued at $27,000. Fairway Wealth LLC purchased a new position in shares of Dominion Energy during the 4th quarter valued at $27,000. Finally, CBIZ Investment Advisory Services LLC grew its position in shares of Dominion Energy by 100.4% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 260 shares in the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Morgan Stanley assumed coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price target for the company. JPMorgan Chase & Co. boosted their price target on shares of Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, March 11th. Finally, Scotiabank upped their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Eleven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $57.18.

Dominion Energy Stock Up 0.3 %

Shares of Dominion Energy stock opened at $54.95 on Thursday. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a twelve month low of $46.56 and a twelve month high of $61.97. The company has a market cap of $46.82 billion, a price-to-earnings ratio of 20.35, a price-to-earnings-growth ratio of 1.22 and a beta of 0.58. The company’s 50 day moving average is $55.16 and its 200 day moving average is $56.32.

Dominion Energy (NYSE:D) last released 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%. Research analysts anticipate that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be given a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 annualized dividend and a dividend yield of 4.86%. Dominion Energy’s payout ratio is 98.89%.

Dominion Energy 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.