Houlihan Financial Resource Group Ltd. Cuts Stock Position in Dominion Energy, Inc. (NYSE:D)

Houlihan Financial Resource Group Ltd. cut its position in Dominion Energy, Inc. (NYSE:D) by 8.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,619 shares of the utilities provider’s stock after selling 792 shares during the quarter. Houlihan Financial Resource Group Ltd.’s holdings in Dominion Energy were worth $464,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Howard Capital Management Group LLC purchased a new position in Dominion Energy during the 3rd quarter worth $210,000. Meridian Wealth Management LLC grew its stake in shares of Dominion Energy by 14.5% during the third quarter. Meridian Wealth Management LLC now owns 6,173 shares of the utilities provider’s stock worth $357,000 after acquiring an additional 784 shares during the last quarter. Great Valley Advisor Group Inc. purchased a new stake in shares of Dominion Energy during the third quarter worth about $266,000. Cerity Partners LLC increased its holdings in shares of Dominion Energy by 1.6% during the third quarter. Cerity Partners LLC now owns 262,249 shares of the utilities provider’s stock valued at $15,155,000 after acquiring an additional 4,035 shares in the last quarter. Finally, Larson Financial Group LLC raised its position in shares of Dominion Energy by 282.4% in the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 449 shares during the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Price Performance

Shares of Dominion Energy stock opened at $54.29 on Tuesday. The firm has a market cap of $46.26 billion, a PE ratio of 20.11, a P/E/G ratio of 1.22 and a beta of 0.59. Dominion Energy, Inc. has a twelve month low of $46.56 and a twelve month high of $61.97. The business has a 50-day moving average price of $55.21 and a 200 day moving average price of $56.27. 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 (NYSE:D) last posted its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (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%. Sell-side 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. Stockholders of record on Friday, February 28th were paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.92%. The ex-dividend date was Friday, February 28th. Dominion Energy’s dividend payout ratio is currently 98.89%.

Analysts Set New Price Targets

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

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.