Spire Wealth Management Sells 5,884 Shares of Dominion Energy, Inc. (NYSE:D)

Spire Wealth Management reduced its stake in Dominion Energy, Inc. (NYSE:D - Free Report) by 19.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,840 shares of the utilities provider's stock after selling 5,884 shares during the quarter. Spire Wealth Management's holdings in Dominion Energy were worth $1,338,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Street Corp lifted its stake in shares of Dominion Energy by 3.2% in the 3rd quarter. State Street Corp now owns 44,297,832 shares of the utilities provider's stock valued at $2,559,972,000 after purchasing an additional 1,365,555 shares during the period. JPMorgan Chase & Co. lifted its stake in Dominion Energy by 4.5% in the third quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider's stock valued at $1,653,964,000 after buying an additional 1,222,688 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Dominion Energy by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 17,875,221 shares of the utilities provider's stock worth $1,032,941,000 after buying an additional 367,193 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Dominion Energy by 4.8% during the 3rd quarter. Franklin Resources Inc. now owns 8,718,747 shares of the utilities provider's stock worth $496,358,000 after buying an additional 398,012 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC increased its stake in shares of Dominion Energy by 63.5% in 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 acquiring an additional 3,278,175 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company's stock.

Dominion Energy Stock Up 0.2 %

Shares of NYSE:D traded up $0.12 during mid-day trading on Wednesday, hitting $54.08. 6,157,315 shares of the company traded hands, compared to its average volume of 4,717,514. The stock has a market cap of $45.43 billion, a P/E ratio of 18.97, a P/E/G ratio of 1.21 and a beta of 0.61. The stock has a 50-day moving average price of $54.81 and a two-hundred day moving average price of $56.17. Dominion Energy, Inc. has a 12-month low of $43.53 and a 12-month high of $61.97. 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be paid 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 4.94%. Dominion Energy's payout ratio is 93.68%.

Wall Street Analysts Forecast Growth

D has been the topic of several research analyst reports. The Goldman Sachs Group reissued a "neutral" rating and set a $61.00 target price on shares of Dominion Energy in a research note on Friday, November 8th. Morgan Stanley assumed coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They set an "equal weight" rating and a $61.00 price objective on the stock. Scotiabank boosted their target price on Dominion Energy from $58.00 to $61.00 and gave the company a "sector perform" rating in a research report on Thursday, December 12th. Finally, Barclays increased their price target on Dominion Energy from $54.00 to $58.00 and gave the stock an "overweight" rating in a report on Tuesday, October 15th. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $56.58.

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.