Wealthfront Advisers LLC Decreases Stake in Dominion Energy, Inc. (NYSE:D)

Wealthfront Advisers LLC lessened its stake in Dominion Energy, Inc. (NYSE:D - Free Report) by 87.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,826 shares of the utilities provider's stock after selling 126,023 shares during the quarter. Wealthfront Advisers LLC's holdings in Dominion Energy were worth $960,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Cape Investment Advisory Inc. increased its position in Dominion Energy by 175.4% during the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 300 shares during the last quarter. BankPlus Trust Department bought a new position in Dominion Energy during the fourth quarter valued at $26,000. Roble Belko & Company Inc bought a new position in Dominion Energy during the fourth quarter valued at $27,000. Fairway Wealth LLC bought a new position in Dominion Energy during the fourth quarter valued at $27,000. Finally, Frazier Financial Advisors LLC bought a new position in Dominion Energy during the third quarter valued at $32,000. Hedge funds and other institutional investors own 73.04% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on D. Morgan Stanley began coverage on shares of Dominion Energy in a report on Monday, December 2nd. They issued an "equal weight" rating and a $61.00 price target on the stock. Scotiabank upped their price target on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a "sector perform" rating in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. upped their price target on shares of Dominion Energy from $58.00 to $59.00 and gave the stock a "neutral" rating in a report on Tuesday, March 11th. Eleven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $57.18.

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Dominion Energy Stock Up 0.3 %

NYSE:D traded up $0.18 during mid-day trading on Wednesday, reaching $54.95. The company's stock had a trading volume of 4,306,689 shares, compared to its average volume of 4,066,392. The firm has a market capitalization of $46.82 billion, a PE ratio of 20.35, a price-to-earnings-growth ratio of 1.22 and a beta of 0.58. The stock has a fifty day moving average of $55.15 and a 200-day moving average of $56.33. Dominion Energy, Inc. has a 1 year low of $46.56 and a 1 year high of $61.97. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, beating 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%. Equities research analysts forecast that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The company 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. This represents a $2.67 annualized dividend and a dividend yield of 4.86%. The ex-dividend date is Friday, February 28th. Dominion Energy's payout ratio is 98.89%.

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.