Haverford Trust Co Reduces Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Haverford Trust Co reduced its position in Dominion Energy, Inc. (NYSE:D) by 31.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 15,637 shares of the utilities provider’s stock after selling 7,146 shares during the period. Haverford Trust Co’s holdings in Dominion Energy were worth $842,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cape Investment Advisory Inc. raised its holdings in shares of Dominion Energy by 175.4% in the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 300 shares in the last quarter. BankPlus Trust Department purchased a new stake in shares of Dominion Energy in the 4th quarter valued at $26,000. Roble Belko & Company Inc purchased a new stake in Dominion Energy during the fourth quarter valued at about $27,000. Fairway Wealth LLC purchased a new stake in Dominion Energy during the 4th quarter valued at about $27,000. Finally, CBIZ Investment Advisory Services LLC increased its stake in shares of Dominion Energy by 100.4% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider’s stock worth $28,000 after buying an additional 260 shares during the period. 73.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on D shares. Morgan Stanley upped their price target on Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Thursday, March 20th. Scotiabank upped their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. UBS Group upped their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, JPMorgan Chase & Co. boosted their target price on Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. Twelve analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $57.58.

Dominion Energy Trading Down 0.5 %

Shares of NYSE:D opened at $54.29 on Tuesday. The business’s 50-day moving average is $55.21 and its 200 day moving average is $56.27. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. Dominion Energy, Inc. has a 1 year low of $46.56 and a 1 year high of $61.97. The firm has a market capitalization of $46.26 billion, a P/E ratio of 20.11, a P/E/G ratio of 1.22 and a beta of 0.59.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, beating 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, research analysts predict that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were issued a $0.6675 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.67 annualized dividend and a yield of 4.92%. Dominion Energy’s dividend payout ratio (DPR) is presently 98.89%.

About Dominion Energy

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.