Cerity Partners LLC Has $13.35 Million Stock Position in Dominion Energy, Inc. (NYSE:D)

Cerity Partners LLC decreased its stake in Dominion Energy, Inc. (NYSE:D - Free Report) by 6.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 245,497 shares of the utilities provider's stock after selling 16,752 shares during the period. Cerity Partners LLC's holdings in Dominion Energy were worth $13,352,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cape Investment Advisory Inc. lifted 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 worth $25,000 after purchasing an additional 300 shares during the last quarter. BankPlus Trust Department purchased a new position in Dominion Energy during the fourth quarter valued at $26,000. Roble Belko & Company Inc purchased a new position in Dominion Energy in the fourth quarter worth about $27,000. Fairway Wealth LLC bought a new stake in shares of Dominion Energy in the 4th quarter worth $27,000. Finally, CBIZ Investment Advisory Services LLC raised its position in Dominion Energy by 100.4% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider's stock worth $28,000 after buying an additional 260 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on D shares. JPMorgan Chase & Co. reissued an "underweight" rating and set a $52.00 price target (down previously from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. UBS Group boosted their price target on Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Argus raised Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. Finally, Morgan Stanley raised their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the company an "equal weight" rating in a research report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $57.00.

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Dominion Energy Trading Down 0.2 %

Shares of D stock traded down $0.13 during trading hours on Tuesday, hitting $53.97. 1,006,766 shares of the company were exchanged, compared to its average volume of 4,299,763. The firm has a market cap of $45.99 billion, a PE ratio of 19.98, a PEG ratio of 1.22 and a beta of 0.57. The firm has a fifty day moving average of $54.74 and a 200 day moving average of $55.78. Dominion Energy, Inc. has a 1 year low of $46.62 and a 1 year 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 - Get Free Report) last announced its 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%. Analysts expect that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were paid a $0.6675 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a yield of 4.95%. Dominion Energy's dividend payout ratio is currently 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.