Rhumbline Advisers Sells 15,080 Shares of Dominion Energy, Inc. (NYSE:D)

Rhumbline Advisers lowered its stake in Dominion Energy, Inc. (NYSE:D - Free Report) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,409,969 shares of the utilities provider's stock after selling 15,080 shares during the period. Rhumbline Advisers owned approximately 0.17% of Dominion Energy worth $75,941,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of D. Roble Belko & Company Inc acquired a new position in shares of Dominion Energy in the fourth quarter worth about $27,000. Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Dominion Energy in the 3rd quarter valued at approximately $28,000. Frazier Financial Advisors LLC acquired a new position in Dominion Energy in the 3rd quarter worth approximately $32,000. Dunhill Financial LLC grew its position in Dominion Energy by 601.2% during the 3rd quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider's stock worth $33,000 after purchasing an additional 487 shares in the last quarter. Finally, Larson Financial Group LLC lifted its holdings in shares of Dominion Energy by 282.4% in the third quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider's stock valued at $35,000 after purchasing an additional 449 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company's stock.

Dominion Energy Stock Up 1.3 %

Shares of D stock traded up $0.72 on Thursday, hitting $56.39. The company's stock had a trading volume of 4,128,533 shares, compared to its average volume of 4,587,368. The stock has a market capitalization of $47.36 billion, a price-to-earnings ratio of 20.88, a P/E/G ratio of 1.21 and a beta of 0.61. Dominion Energy, Inc. has a fifty-two week low of $44.17 and a fifty-two week high of $61.97. The firm's fifty day moving average price is $54.46 and its 200-day moving average price is $56.32. 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 announced its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates 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 EPS for the current year.

Dominion Energy Announces Dividend

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 issued a dividend of $0.6675 per share. The ex-dividend date is Friday, February 28th. This represents a $2.67 annualized dividend and a yield of 4.74%. Dominion Energy's dividend payout ratio (DPR) is presently 98.89%.

Analyst Upgrades and Downgrades

D has been the topic of a number of research analyst reports. Scotiabank lifted their price target on Dominion Energy from $58.00 to $61.00 and gave the company a "sector perform" rating in a report on Thursday, December 12th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $61.00 target price on shares of Dominion Energy in a research note on Friday, November 8th. Finally, Morgan Stanley started coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They issued an "equal weight" rating and a $61.00 price target for the company. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $56.58.

About Dominion Energy

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.