One Capital Management LLC Reduces Holdings in Dominion Energy, Inc. (NYSE:D)

One Capital Management LLC cut its holdings in Dominion Energy, Inc. (NYSE:D - Free Report) by 3.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 154,623 shares of the utilities provider's stock after selling 5,461 shares during the quarter. One Capital Management LLC's holdings in Dominion Energy were worth $8,328,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of D. Cape Investment Advisory Inc. boosted its stake in 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 buying an additional 300 shares during the period. BankPlus Trust Department purchased a new position in Dominion Energy during the fourth quarter worth $26,000. Roble Belko & Company Inc purchased a new position in Dominion Energy during the fourth quarter worth $27,000. Sanctuary Wealth Management L.L.C. purchased a new position in Dominion Energy during the third quarter worth $28,000. Finally, Frazier Financial Advisors LLC purchased a new position in Dominion Energy during the third quarter worth $32,000. 73.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

D has been the subject of several recent analyst reports. Scotiabank lifted 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 note on Thursday, December 12th. Morgan Stanley initiated 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 for the company. Eleven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $57.00.

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Dominion Energy Stock Up 2.8 %

Shares of D stock traded up $1.52 on Friday, hitting $55.21. The stock had a trading volume of 6,523,532 shares, compared to its average volume of 4,824,560. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The business has a 50 day moving average price of $55.05 and a 200 day moving average price of $56.40. The company has a market cap of $47.04 billion, a PE ratio of 20.45, a P/E/G ratio of 1.22 and a beta of 0.59. Dominion Energy, Inc. has a one year low of $46.56 and a one year high of $61.97.

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

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 annualized dividend and a dividend yield of 4.84%. 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.