Miracle Mile Advisors LLC Sells 12,036 Shares of Dominion Energy, Inc. (NYSE:D)

Miracle Mile Advisors LLC cut its holdings in Dominion Energy, Inc. (NYSE:D - Free Report) by 68.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,610 shares of the utilities provider's stock after selling 12,036 shares during the period. Miracle Mile Advisors LLC's holdings in Dominion Energy were worth $302,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Oppenheimer & Co. Inc. lifted its position in shares of Dominion Energy by 22.8% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 69,343 shares of the utilities provider's stock valued at $4,007,000 after acquiring an additional 12,890 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Dominion Energy by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,164,929 shares of the utilities provider's stock valued at $298,481,000 after purchasing an additional 43,055 shares during the period. Ascent Wealth Partners LLC purchased a new stake in shares of Dominion Energy during the 3rd quarter valued at $1,223,000. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Dominion Energy by 63.5% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider's stock valued at $487,567,000 after purchasing an additional 3,278,175 shares during the last quarter. Finally, Barclays PLC boosted its position in Dominion Energy by 19.8% during the 3rd quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider's stock valued at $141,739,000 after buying an additional 404,868 shares during the period. 73.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Barclays increased their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the company an "overweight" rating in a research report on Tuesday, October 15th. Scotiabank lifted their price objective 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. Morgan Stanley assumed coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They set an "equal weight" rating and a $61.00 target price on the stock. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $61.00 target price on shares of Dominion Energy in a report on Friday, November 8th. Finally, Jefferies Financial Group began coverage on shares of Dominion Energy in a research note on Friday, September 20th. They set a "hold" rating and a $58.00 price target on the stock. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Dominion Energy currently has a consensus rating of "Hold" and an average target price of $56.58.

Dominion Energy Stock Up 0.5 %

Shares of NYSE:D traded up $0.28 during trading on Friday, hitting $55.34. 4,618,290 shares of the company were exchanged, compared to its average volume of 4,155,875. The firm has a fifty day moving average price of $55.54 and a two-hundred day moving average price of $55.66. The stock has a market cap of $46.49 billion, a price-to-earnings ratio of 19.42, a P/E/G ratio of 1.16 and a beta of 0.60. 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, Inc. has a fifty-two week low of $43.53 and a fifty-two week high of $61.97.

Dominion Energy (NYSE:D - Get Free Report) last announced its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.05. The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The firm's revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.77 EPS. As a group, research analysts anticipate that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.82%. The ex-dividend date was Friday, November 29th. Dominion Energy's payout ratio is 93.68%.

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.