Dominion Energy, Inc. (NYSE:D) Stake Lessened by Lion Street Advisors LLC

Lion Street Advisors LLC decreased its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 4.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,489 shares of the utilities provider’s stock after selling 191 shares during the quarter. Lion Street Advisors LLC’s holdings in Dominion Energy were worth $242,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Roble Belko & Company Inc purchased a new position in Dominion Energy during the 4th quarter valued at about $27,000. Sanctuary Wealth Management L.L.C. purchased a new position in Dominion Energy during the third quarter valued at approximately $28,000. Frazier Financial Advisors LLC acquired a new position in Dominion Energy in the 3rd quarter valued at approximately $32,000. Dunhill Financial LLC lifted its position in Dominion Energy by 601.2% in the 3rd quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock worth $33,000 after buying an additional 487 shares in the last quarter. Finally, Larson Financial Group LLC boosted its stake 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 buying an additional 449 shares during the period. 73.04% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

D has been the topic of a number of research reports. Barclays upped their price target 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. Scotiabank upped their target price on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a report on Friday, November 8th. Finally, Morgan Stanley initiated 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. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Dominion Energy has a consensus rating of “Hold” and an average target price of $56.58.

Dominion Energy Price Performance

Shares of Dominion Energy stock opened at $54.08 on Thursday. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The firm has a fifty day simple moving average of $54.81 and a 200-day simple moving average of $56.17. The stock has a market capitalization of $45.43 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 1.21 and a beta of 0.61. Dominion Energy, Inc. has a 1-year low of $43.53 and a 1-year high of $61.97.

Dominion Energy Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s dividend payout ratio is 93.68%.

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.