D.B. Root & Company LLC Reduces Stake in Dominion Energy, Inc. (NYSE:D)

D.B. Root & Company LLC trimmed its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 14.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,747 shares of the utilities provider’s stock after selling 647 shares during the quarter. D.B. Root & Company LLC’s holdings in Dominion Energy were worth $202,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of D. Roble Belko & Company Inc bought a new stake in Dominion Energy during the fourth quarter valued at about $27,000. Sanctuary Wealth Management L.L.C. bought a new position in shares of Dominion Energy during the 3rd quarter valued at approximately $28,000. Frazier Financial Advisors LLC purchased a new position in shares of Dominion Energy in the 3rd quarter worth $32,000. Dunhill Financial LLC increased its stake in Dominion Energy by 601.2% during the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 487 shares during the last quarter. Finally, Larson Financial Group LLC increased its position in shares of Dominion Energy by 282.4% during the 3rd 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 last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Price Performance

D stock opened at $53.25 on Friday. 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, Inc. has a 12-month low of $43.53 and a 12-month high of $61.97. The company has a market capitalization of $44.73 billion, a PE ratio of 18.69, a P/E/G ratio of 1.15 and a beta of 0.60. The business’s fifty day moving average price is $55.34 and its 200 day moving average price is $55.88.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4.18 billion. During the same quarter in the prior year, the business posted $0.77 EPS. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, sell-side analysts anticipate that Dominion Energy, Inc. will post 2.76 EPS for the current 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 issued a $0.6675 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.01%. Dominion Energy’s payout ratio is 93.68%.

Wall Street Analyst Weigh In

Several analysts have issued reports on D shares. Barclays raised their price objective 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. The Goldman Sachs Group restated a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a report on Friday, November 8th. Morgan Stanley initiated coverage on Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price target on the stock. Finally, Scotiabank raised 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. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Dominion Energy has an average rating of “Hold” and an average 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.