Apella Capital LLC Has $402,000 Stock Position in Dominion Energy, Inc. (NYSE:D)

Apella Capital LLC lowered its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 2.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,466 shares of the utilities provider’s stock after selling 207 shares during the quarter. Apella Capital LLC’s holdings in Dominion Energy were worth $402,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Hotchkis & Wiley Capital Management LLC lifted its stake 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 worth $487,567,000 after buying an additional 3,278,175 shares during the last quarter. Point72 Asset Management L.P. raised its holdings in Dominion Energy by 10,324.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 2,250,811 shares of the utilities provider’s stock worth $130,074,000 after acquiring an additional 2,229,220 shares during the period. International Assets Investment Management LLC lifted its position in Dominion Energy by 7,438.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,483,538 shares of the utilities provider’s stock worth $85,734,000 after acquiring an additional 1,463,858 shares during the last quarter. State Street Corp grew its position in shares of Dominion Energy by 3.2% in the third quarter. State Street Corp now owns 44,297,832 shares of the utilities provider’s stock valued at $2,559,972,000 after purchasing an additional 1,365,555 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Dominion Energy by 4.5% in the third quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider’s stock worth $1,653,964,000 after purchasing an additional 1,222,688 shares during the period. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Price Performance

Shares of D stock opened at $53.68 on Thursday. The stock’s fifty day simple moving average is $55.64 and its 200 day simple moving average is $55.68. Dominion Energy, Inc. has a one year low of $43.53 and a one year high of $61.97. The firm has a market cap of $45.09 billion, a price-to-earnings ratio of 18.84, a P/E/G ratio of 1.16 and a beta of 0.60. 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 (NYSE:D) last issued its earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, beating the consensus estimate of $0.93 by $0.05. The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.77 EPS. On average, analysts expect that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.97%. The ex-dividend date was Friday, November 29th. Dominion Energy’s dividend payout ratio (DPR) is currently 93.68%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Jefferies Financial Group started coverage on Dominion Energy in a research note on Friday, September 20th. They set a “hold” rating and a $58.00 target price for the company. Morgan Stanley initiated coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price objective on the stock. Scotiabank upped their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. The Goldman Sachs Group restated a “neutral” rating and issued a $61.00 price target on shares of Dominion Energy in a research report on Friday, November 8th. Finally, Barclays upped their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Eleven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and a consensus target price of $56.58.

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.