Dominion Energy, Inc. (NYSE:D) Shares Sold by Dominguez Wealth Management Solutions Inc.

Dominguez Wealth Management Solutions Inc. cut its stake in shares of Dominion Energy, Inc. (NYSE:D) by 28.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,719 shares of the utilities provider’s stock after selling 5,449 shares during the quarter. Dominguez Wealth Management Solutions Inc.’s holdings in Dominion Energy were worth $739,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Brooklyn Investment Group raised its holdings in Dominion Energy by 3.1% during the fourth quarter. Brooklyn Investment Group now owns 10,230 shares of the utilities provider’s stock worth $551,000 after purchasing an additional 305 shares during the last quarter. Merit Financial Group LLC increased its position in shares of Dominion Energy by 21.7% in the fourth quarter. Merit Financial Group LLC now owns 12,216 shares of the utilities provider’s stock valued at $658,000 after buying an additional 2,175 shares in the last quarter. Walker Asset Management LLC raised its stake in shares of Dominion Energy by 18.1% during the 4th quarter. Walker Asset Management LLC now owns 5,811 shares of the utilities provider’s stock worth $313,000 after buying an additional 889 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its position in shares of Dominion Energy by 83.8% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 15,507 shares of the utilities provider’s stock worth $835,000 after buying an additional 7,072 shares in the last quarter. Finally, Tompkins Financial Corp grew its stake in Dominion Energy by 14.7% in the 4th quarter. Tompkins Financial Corp now owns 4,370 shares of the utilities provider’s stock valued at $235,000 after acquiring an additional 560 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Performance

NYSE:D opened at $55.34 on Friday. The company has a market cap of $46.49 billion, a P/E ratio of 19.42, a P/E/G ratio of 1.16 and a beta of 0.60. The firm’s 50 day moving average is $55.54 and its two-hundred day moving average is $55.66. Dominion Energy, Inc. has a fifty-two week low of $43.53 and a fifty-two week high of $61.97. 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 issued its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.05. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same period last year, the company posted $0.77 EPS. The business’s quarterly revenue was up 3.4% on a year-over-year basis. Analysts expect that Dominion Energy, Inc. will post 2.76 EPS for the current 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 issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.82%. The ex-dividend date of this dividend was Friday, November 29th. Dominion Energy’s payout ratio is currently 93.68%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Barclays lifted their target price on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Scotiabank upped their target price 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. Jefferies Financial Group assumed coverage on Dominion Energy in a research report on Friday, September 20th. They set a “hold” rating and a $58.00 price target for the company. The Goldman Sachs Group restated a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. Finally, Morgan Stanley started coverage on Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price objective for the company. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target 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.