Pettyjohn Wood & White Inc. cut its stake in Dominion Energy, Inc. (NYSE:D - Free Report) by 19.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,932 shares of the utilities provider's stock after selling 6,900 shares during the period. Pettyjohn Wood & White Inc.'s holdings in Dominion Energy were worth $1,558,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Simon Quick Advisors LLC increased its stake in shares of 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 acquiring an additional 184 shares during the period. Cobblestone Capital Advisors LLC NY boosted its holdings in Dominion Energy by 2.6% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 7,786 shares of the utilities provider's stock valued at $450,000 after purchasing an additional 195 shares in the last quarter. Passumpsic Savings Bank boosted its holdings in Dominion Energy by 2.7% in the 3rd quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider's stock valued at $441,000 after purchasing an additional 199 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in Dominion Energy by 0.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 33,670 shares of the utilities provider's stock worth $1,946,000 after purchasing an additional 208 shares during the period. Finally, Meridian Financial Partners LLC raised its stake in shares of Dominion Energy by 1.6% during the 4th quarter. Meridian Financial Partners LLC now owns 13,970 shares of the utilities provider's stock worth $752,000 after buying an additional 219 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company's stock.
Dominion Energy Price Performance
Shares of NYSE D traded down $2.45 on Tuesday, hitting $54.42. The company's stock had a trading volume of 8,363,438 shares, compared to its average volume of 4,768,961. The stock has a 50 day moving average of $55.01 and a 200-day moving average of $56.46. The company has a market capitalization of $46.37 billion, a price-to-earnings ratio of 20.15, a price-to-earnings-growth ratio of 1.22 and a beta of 0.58. Dominion Energy, Inc. has a 12-month low of $45.99 and a 12-month high of $61.97. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58.
Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, topping 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%. As a group, research analysts predict that Dominion Energy, Inc. will post 3.39 EPS for the current year.
Dominion Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.91%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy's payout ratio is currently 98.89%.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on D shares. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $61.00 price objective on shares of Dominion Energy in a report on Friday, November 8th. 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 target on the stock. Finally, Scotiabank increased their price target on shares of Dominion Energy from $58.00 to $61.00 and gave the company a "sector perform" rating in a report on Thursday, December 12th. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Dominion Energy currently has a consensus rating of "Hold" and a consensus price target of $56.58.
Read Our Latest Report on D
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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