Verdence Capital Advisors LLC lessened its holdings in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 65.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,480 shares of the utilities provider's stock after selling 8,470 shares during the period. Verdence Capital Advisors LLC's holdings in Dominion Energy were worth $241,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Simon Quick Advisors LLC grew its position in Dominion Energy by 4.5% during the fourth quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider's stock worth $229,000 after buying an additional 184 shares during the period. Cobblestone Capital Advisors LLC NY grew its position in Dominion Energy by 2.6% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 7,786 shares of the utilities provider's stock worth $450,000 after buying an additional 195 shares during the period. Passumpsic Savings Bank grew its position in Dominion Energy by 2.7% during the third quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider's stock worth $441,000 after buying an additional 199 shares during the period. Crossmark Global Holdings Inc. grew its position in shares of Dominion Energy by 0.6% in the third quarter. Crossmark Global Holdings Inc. now owns 33,670 shares of the utilities provider's stock valued at $1,946,000 after purchasing an additional 208 shares during the last quarter. Finally, Meridian Financial Partners LLC grew its position in shares of Dominion Energy by 1.6% in the fourth quarter. Meridian Financial Partners LLC now owns 13,970 shares of the utilities provider's stock valued at $752,000 after purchasing an additional 219 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the stock. 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 price objective on the stock. Scotiabank increased their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a "sector perform" rating in a research report on Thursday, December 12th. Eleven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $57.00.
Get Our Latest Stock Analysis on Dominion Energy
Dominion Energy Stock Up 2.8 %
D stock traded up $1.52 during mid-day trading on Friday, hitting $55.21. 6,523,532 shares of the company were exchanged, compared to its average volume of 4,824,560. The company has a market capitalization of $47.04 billion, a PE ratio of 20.45, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59. 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 twelve month low of $46.56 and a twelve month high of $61.97. The firm has a fifty day simple moving average of $55.05 and a 200 day simple moving average of $56.40.
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%. On average, research analysts forecast that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.
Dominion Energy Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be given a dividend of $0.6675 per share. The ex-dividend date is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.84%. Dominion Energy's dividend payout ratio (DPR) is 98.89%.
About Dominion Energy
(
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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