Kovack Advisors Inc. Sells 1,293 Shares of Dominion Energy, Inc. (NYSE:D)

Kovack Advisors Inc. decreased its position in shares of Dominion Energy, Inc. (NYSE:D) by 11.4% during the 4th quarter, Holdings Channel reports. The fund owned 10,062 shares of the utilities provider’s stock after selling 1,293 shares during the quarter. Kovack Advisors Inc.’s holdings in Dominion Energy were worth $542,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of D. New York Life Investment Management LLC raised its holdings in Dominion Energy by 0.9% during the 4th quarter. New York Life Investment Management LLC now owns 112,300 shares of the utilities provider’s stock worth $6,048,000 after buying an additional 1,011 shares during the period. Schnieders Capital Management LLC raised its holdings in Dominion Energy by 40.7% during the 4th quarter. Schnieders Capital Management LLC now owns 81,853 shares of the utilities provider’s stock worth $4,409,000 after buying an additional 23,675 shares during the period. Heritage Investors Management Corp raised its holdings in Dominion Energy by 7.4% during the 4th quarter. Heritage Investors Management Corp now owns 11,710 shares of the utilities provider’s stock worth $631,000 after buying an additional 807 shares during the period. NewEdge Wealth LLC raised its holdings in Dominion Energy by 10.9% during the 4th quarter. NewEdge Wealth LLC now owns 45,801 shares of the utilities provider’s stock worth $2,467,000 after buying an additional 4,502 shares during the period. Finally, Pointe Capital Management LLC raised its holdings in Dominion Energy by 3.0% during the 4th quarter. Pointe Capital Management LLC now owns 8,700 shares of the utilities provider’s stock worth $469,000 after buying an additional 257 shares during the period. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Price Performance

NYSE D opened at $56.60 on Friday. 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, Inc. has a 12-month low of $44.17 and a 12-month high of $61.97. The company has a market capitalization of $47.54 billion, a PE ratio of 20.96, a price-to-earnings-growth ratio of 1.22 and a beta of 0.61. The firm’s 50 day moving average is $54.94 and its 200-day moving average is $56.43.

Dominion Energy (NYSE:D) last released its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share 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 anticipate that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be given a $0.6675 dividend. The ex-dividend date is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.72%. Dominion Energy’s payout ratio is 98.89%.

Analyst Ratings Changes

Several brokerages have commented on D. The Goldman Sachs Group restated a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a report on Friday, November 8th. Scotiabank raised their target price 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, Morgan Stanley started coverage on shares of Dominion Energy in a report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 target price on the stock. Eleven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $56.58.

Dominion Energy 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.