Sheets Smith Wealth Management Has $321,000 Stock Position in Dominion Energy, Inc. (NYSE:D)

Sheets Smith Wealth Management cut its stake in shares of Dominion Energy, Inc. (NYSE:D) by 4.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 5,954 shares of the utilities provider’s stock after selling 260 shares during the quarter. Sheets Smith Wealth Management’s holdings in Dominion Energy were worth $321,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on D shares. Morgan Stanley began coverage on Dominion Energy in a research note on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price target for the company. Scotiabank increased their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. The Goldman Sachs Group restated a “neutral” rating and issued a $61.00 price target on shares of Dominion Energy in a research report on Friday, November 8th. Finally, Barclays increased their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Eleven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Dominion Energy currently has a consensus rating of “Hold” and an average target price of $56.58.

Dominion Energy Stock Down 5.3 %

D stock opened at $52.93 on Thursday. The stock’s 50 day simple moving average is $55.41 and its 200 day simple moving average is $55.90. The company has a market cap of $44.46 billion, a P/E ratio of 18.57, a price-to-earnings-growth ratio of 1.22 and a beta of 0.60. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. Dominion Energy, Inc. has a fifty-two week low of $43.53 and a fifty-two week high of $61.97.

Dominion Energy (NYSE:D) last issued its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. The company had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $4.18 billion. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. Dominion Energy’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period last year, the business earned $0.77 EPS. On average, research analysts expect that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 5.04%. The ex-dividend date was Friday, November 29th. Dominion Energy’s payout ratio is presently 93.68%.

Dominion Energy Company 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.