Dominguez Wealth Management Solutions Inc. decreased its holdings in Dominion Energy, Inc. (NYSE:D - Free Report) by 28.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,719 shares of the utilities provider's stock after selling 5,449 shares during the period. Dominguez Wealth Management Solutions Inc.'s holdings in Dominion Energy were worth $739,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in D. Brooklyn Investment Group raised its stake in shares of Dominion Energy by 3.1% during the fourth quarter. Brooklyn Investment Group now owns 10,230 shares of the utilities provider's stock valued at $551,000 after acquiring an additional 305 shares in the last quarter. Merit Financial Group LLC increased its holdings in Dominion Energy by 21.7% during the 4th quarter. Merit Financial Group LLC now owns 12,216 shares of the utilities provider's stock worth $658,000 after purchasing an additional 2,175 shares during the period. Walker Asset Management LLC raised its position in Dominion Energy by 18.1% during the 4th quarter. Walker Asset Management LLC now owns 5,811 shares of the utilities provider's stock valued at $313,000 after purchasing an additional 889 shares in the last quarter. Wealthcare Advisory Partners LLC grew its position in shares of Dominion Energy by 83.8% during 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 increased its stake in shares of Dominion Energy by 14.7% during the fourth quarter. Tompkins Financial Corp now owns 4,370 shares of the utilities provider's stock valued at $235,000 after buying an additional 560 shares during the period. 73.04% of the stock is currently owned by institutional investors.
Dominion Energy Stock Up 0.5 %
Dominion Energy stock traded up $0.28 during midday trading on Friday, reaching $55.34. The company's stock had a trading volume of 4,655,433 shares, compared to its average volume of 3,195,633. Dominion Energy, Inc. has a 52-week low of $43.53 and a 52-week high of $61.97. The stock has a market capitalization of $46.49 billion, a P/E ratio of 19.42, a PEG ratio of 1.16 and a beta of 0.60. 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's 50-day simple moving average is $55.49 and its 200-day simple moving average is $55.76.
Dominion Energy (NYSE:D - Get Free Report) last announced its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, beating the consensus estimate of $0.93 by $0.05. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The firm had revenue of $3.94 billion during the quarter, compared to analyst estimates of $4.18 billion. During the same period last year, the firm posted $0.77 EPS. Dominion Energy's revenue was up 3.4% on a year-over-year basis. On average, sell-side analysts expect that Dominion Energy, Inc. will post 2.76 EPS for the current year.
Dominion Energy Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were given a dividend of $0.6675 per share. The ex-dividend date was Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a yield of 4.82%. Dominion Energy's dividend payout ratio is currently 93.68%.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on D. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $61.00 price objective on shares of Dominion Energy in a research note on Friday, November 8th. Barclays lifted their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the company an "overweight" rating in a report on Tuesday, October 15th. Scotiabank upped their target price on Dominion Energy from $58.00 to $61.00 and gave the stock a "sector perform" rating in a report on Thursday, December 12th. Finally, Morgan Stanley assumed coverage on Dominion Energy in a report on Monday, December 2nd. They issued an "equal weight" rating and a $61.00 price target on the stock. Eleven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Dominion Energy currently has a consensus rating of "Hold" and a consensus price target of $56.58.
View Our Latest Research Report on Dominion Energy
Dominion Energy Profile
(
Free Report)
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.
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