Advisors Asset Management Inc. Sells 22,474 Shares of Dominion Energy, Inc. (NYSE:D)

Advisors Asset Management Inc. lessened its position in Dominion Energy, Inc. (NYSE:D - Free Report) by 8.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 241,511 shares of the utilities provider's stock after selling 22,474 shares during the period. Advisors Asset Management Inc.'s holdings in Dominion Energy were worth $13,008,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of D. Cape Investment Advisory Inc. boosted its holdings in shares of 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 buying an additional 300 shares during the period. BankPlus Trust Department acquired a new position in shares of Dominion Energy in the fourth quarter valued at approximately $26,000. Roble Belko & Company Inc acquired a new position in shares of Dominion Energy in the fourth quarter valued at approximately $27,000. Fairway Wealth LLC acquired a new position in shares of Dominion Energy in the fourth quarter valued at approximately $27,000. Finally, CBIZ Investment Advisory Services LLC boosted its holdings in shares of Dominion Energy by 100.4% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider's stock valued at $28,000 after buying an additional 260 shares during the period. Institutional investors own 73.04% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on D. UBS Group upped their price target 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. increased their target price on shares of Dominion Energy from $58.00 to $59.00 and gave the stock a "neutral" rating in a report on Tuesday, March 11th. Morgan Stanley increased their target price on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an "equal weight" rating in a report on Thursday. Finally, Scotiabank increased their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a "sector perform" rating in a report on Thursday, December 12th. Twelve equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Dominion Energy has an average rating of "Hold" and an average target price of $57.58.

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Dominion Energy Stock Performance

D stock traded down $0.47 during trading hours on Friday, reaching $54.51. The stock had a trading volume of 7,961,348 shares, compared to its average volume of 4,055,388. The stock has a market capitalization of $46.44 billion, a PE ratio of 20.19, a price-to-earnings-growth ratio of 1.22 and a beta of 0.58. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The stock has a 50-day simple moving average of $55.19 and a 200 day simple moving average of $56.30. Dominion Energy, Inc. has a fifty-two week low of $46.56 and a fifty-two week high of $61.97.

Dominion Energy (NYSE:D - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, beating 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%. Analysts predict that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were given a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.90%. The ex-dividend date of this dividend was Friday, February 28th. Dominion Energy's payout ratio is presently 98.89%.

Dominion Energy 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.