Steward Partners Investment Advisory LLC Cuts Stock Position in Dominion Energy, Inc. (NYSE:D)

Steward Partners Investment Advisory LLC trimmed its stake in shares of Dominion Energy, Inc. (NYSE:D) by 14.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 131,418 shares of the utilities provider’s stock after selling 22,822 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Dominion Energy were worth $7,078,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of D. Oppenheimer & Co. Inc. lifted its stake in Dominion Energy by 22.8% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 69,343 shares of the utilities provider’s stock valued at $4,007,000 after buying an additional 12,890 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Dominion Energy by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,164,929 shares of the utilities provider’s stock worth $298,481,000 after buying an additional 43,055 shares in the last quarter. Ascent Wealth Partners LLC acquired a new position in shares of Dominion Energy during the third quarter valued at approximately $1,223,000. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Dominion Energy by 63.5% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider’s stock valued at $487,567,000 after acquiring an additional 3,278,175 shares in the last quarter. Finally, Barclays PLC boosted its stake in Dominion Energy by 19.8% during the 3rd quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider’s stock worth $141,739,000 after purchasing an additional 404,868 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analyst Ratings Changes

D has been the subject of a number of analyst reports. Morgan Stanley started coverage on Dominion Energy in a research report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price target for the company. The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a report on Friday, November 8th. Finally, Scotiabank upped their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Eleven research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Dominion Energy currently has a consensus rating of “Hold” and a consensus target price of $57.00.

Dominion Energy Trading Down 0.3 %

NYSE:D opened at $54.15 on Thursday. The stock has a fifty day moving average price of $55.03 and a 200 day moving average price of $56.43. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 12-month low of $46.43 and a 12-month high of $61.97. The firm has a market cap of $46.14 billion, a PE ratio of 20.06, a price-to-earnings-growth ratio of 1.22 and a beta of 0.58.

Dominion Energy (NYSE:D) last released its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates 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 anticipate that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

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 is Friday, February 28th. This represents a $2.67 annualized dividend and a dividend yield of 4.93%. Dominion Energy’s dividend payout ratio (DPR) is currently 98.89%.

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.