Dominion Energy, Inc. (NYSE:D) Shares Sold by Icon Advisers Inc. Co.

Icon Advisers Inc. Co. decreased its position in Dominion Energy, Inc. (NYSE:D - Free Report) by 45.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,875 shares of the utilities provider's stock after selling 43,000 shares during the quarter. Icon Advisers Inc. Co.'s holdings in Dominion Energy were worth $2,740,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in D. Cape Investment Advisory Inc. increased its position in shares of 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 purchasing an additional 300 shares in the last quarter. BankPlus Trust Department acquired a new position in shares of Dominion Energy during the 4th quarter worth $26,000. Roble Belko & Company Inc purchased a new position in Dominion Energy in the fourth quarter valued at about $27,000. Fairway Wealth LLC acquired a new position in Dominion Energy during the fourth quarter worth $27,000. Finally, CBIZ Investment Advisory Services LLC grew its holdings in 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 purchasing an additional 260 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Argus raised shares of Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. UBS Group raised their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $52.00 target price (down previously from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. Finally, Morgan Stanley boosted their price target on Dominion Energy from $60.00 to $63.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $57.00.

Dominion Energy Trading Up 0.0 %

NYSE D traded up $0.01 during trading hours on Friday, hitting $53.07. 8,734,005 shares of the company's stock were exchanged, compared to its average volume of 4,351,277. The business's 50 day moving average is $54.60 and its 200-day moving average is $55.68. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. Dominion Energy, Inc. has a 12-month low of $47.99 and a 12-month high of $61.97. The firm has a market capitalization of $45.22 billion, a P/E ratio of 19.65, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57.

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

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.03%. The ex-dividend date of this dividend was Friday, February 28th. Dominion Energy's 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.