XML Financial LLC decreased its holdings in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 8.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,761 shares of the utilities provider's stock after selling 4,669 shares during the quarter. XML Financial LLC's holdings in Dominion Energy were worth $2,572,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Roble Belko & Company Inc purchased a new position in Dominion Energy during the fourth quarter worth approximately $27,000. Sanctuary Wealth Management L.L.C. acquired a new stake in shares of Dominion Energy in the 3rd quarter worth $28,000. Frazier Financial Advisors LLC purchased a new position in shares of Dominion Energy during the 3rd quarter worth $32,000. Dunhill Financial LLC boosted its position in shares of Dominion Energy by 601.2% during the 3rd quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider's stock valued at $33,000 after acquiring an additional 487 shares during the last quarter. Finally, Larson Financial Group LLC grew 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 during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.
Dominion Energy Stock Performance
Shares of Dominion Energy stock opened at $55.92 on Wednesday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The stock has a market capitalization of $46.97 billion, a price-to-earnings ratio of 19.62, a price-to-earnings-growth ratio of 1.20 and a beta of 0.60. The business has a 50-day moving average of $55.44 and a 200 day moving average of $55.85. Dominion Energy, Inc. has a 12 month low of $43.53 and a 12 month high of $61.97.
Dominion Energy (NYSE:D - Get Free Report) last announced its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, beating analysts' consensus estimates of $0.93 by $0.05. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The firm had revenue of $3.94 billion during the quarter, compared to analysts' expectations of $4.18 billion. During the same quarter in the previous year, the business posted $0.77 earnings per share. The business's quarterly revenue was up 3.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.
Dominion Energy Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were paid a dividend of $0.6675 per share. The ex-dividend date was Friday, November 29th. This represents a $2.67 annualized dividend and a yield of 4.78%. Dominion Energy's payout ratio is 93.68%.
Wall Street Analyst Weigh In
A number of brokerages have commented on D. Barclays lifted their target price on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 15th. Morgan Stanley started coverage on Dominion Energy in a report on Monday, December 2nd. They issued an "equal weight" rating and a $61.00 price objective on the stock. 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. Finally, Scotiabank upped their price target on Dominion Energy from $58.00 to $61.00 and gave the company a "sector perform" rating in a research note on Thursday, December 12th. Eleven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $56.58.
Check Out Our Latest Research Report on Dominion Energy
Dominion Energy Company Profile
(
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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