Dominion Energy, Inc. (NYSE:D) Shares Sold by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC trimmed its position in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 9.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 63,109 shares of the utilities provider's stock after selling 6,320 shares during the quarter. Axxcess Wealth Management LLC's holdings in Dominion Energy were worth $3,399,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Cape Investment Advisory Inc. boosted its stake in Dominion Energy by 175.4% during the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider's stock worth $25,000 after buying an additional 300 shares during the last quarter. BankPlus Trust Department acquired a new position in Dominion Energy during the fourth quarter worth $26,000. Roble Belko & Company Inc acquired a new position in Dominion Energy during the fourth quarter worth $27,000. Fairway Wealth LLC acquired a new position in shares of Dominion Energy in the 4th quarter valued at $27,000. Finally, CBIZ Investment Advisory Services LLC lifted its stake in shares of Dominion Energy by 100.4% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider's stock valued at $28,000 after purchasing an additional 260 shares during the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Scotiabank upped their price target 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. UBS Group upped their price target on Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a research note on Friday. Morgan Stanley upped their price target on Dominion Energy from $60.00 to $63.00 and gave the company an "equal weight" rating in a research note on Thursday. Finally, JPMorgan Chase & Co. upped their price target on Dominion Energy from $58.00 to $59.00 and gave the company a "neutral" rating in a research note on Tuesday, March 11th. Twelve equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $57.58.

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Dominion Energy Trading Down 0.9 %

Dominion Energy stock traded down $0.47 during midday trading on Friday, reaching $54.51. 7,961,348 shares of the stock traded hands, compared to its average volume of 4,055,388. The company has a 50-day simple moving average of $55.19 and a two-hundred day simple moving average of $56.30. Dominion Energy, Inc. has a 12-month low of $46.56 and a 12-month high of $61.97. The firm has a market cap 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 current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. Research analysts expect that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were given a dividend of $0.6675 per share. 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 dividend payout ratio (DPR) is presently 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.