Cypress Capital Group Has $535,000 Stock Position in Dominion Energy, Inc. (NYSE:D)

Cypress Capital Group lowered its position in shares of Dominion Energy, Inc. (NYSE:D) by 25.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,938 shares of the utilities provider’s stock after selling 3,478 shares during the quarter. Cypress Capital Group’s holdings in Dominion Energy were worth $535,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Cape Investment Advisory Inc. raised its stake in Dominion Energy by 175.4% in the fourth 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 acquired a new position in Dominion Energy in the fourth quarter valued at about $26,000. Roble Belko & Company Inc acquired a new position in Dominion Energy in the fourth quarter valued at about $27,000. Sanctuary Wealth Management L.L.C. acquired a new position in Dominion Energy in the third quarter valued at about $28,000. Finally, Frazier Financial Advisors LLC acquired a new position in Dominion Energy in the third quarter valued at about $32,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on D. Morgan Stanley began coverage on Dominion Energy in a research note on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price target for the company. The Goldman Sachs Group reissued a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a research note on Friday, November 8th. Finally, Scotiabank boosted their target price on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Eleven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $57.00.

Dominion Energy Stock Performance

NYSE:D opened at $54.15 on Thursday. The stock has a market cap of $46.14 billion, a P/E ratio of 20.06, a price-to-earnings-growth ratio of 1.22 and a beta of 0.58. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The stock’s 50-day moving average is $55.03 and its 200-day moving average is $56.43. Dominion Energy, Inc. has a 1-year low of $46.43 and a 1-year high of $61.97.

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 return on equity of 8.99% and a net margin of 16.22%. Equities research analysts anticipate that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.93%. The ex-dividend date of this dividend is Friday, February 28th. 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.