Brown Brothers Harriman & Co. Cuts Position in Dominion Energy, Inc. (NYSE:D)

Brown Brothers Harriman & Co. lowered its stake in shares of Dominion Energy, Inc. (NYSE:D) by 29.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 13,429 shares of the utilities provider’s stock after selling 5,710 shares during the period. Brown Brothers Harriman & Co.’s holdings in Dominion Energy were worth $723,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in D. Cape Investment Advisory Inc. increased its position in shares of Dominion Energy by 175.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock valued at $25,000 after buying an additional 300 shares in the last quarter. BankPlus Trust Department purchased a new position in Dominion Energy during the 4th quarter valued at about $26,000. Roble Belko & Company Inc acquired a new position in Dominion Energy during the fourth quarter worth about $27,000. Fairway Wealth LLC purchased a new stake in shares of Dominion Energy in the fourth quarter valued at about $27,000. Finally, CBIZ Investment Advisory Services LLC grew its position in shares of Dominion Energy by 100.4% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 260 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

D has been the topic of a number of recent research reports. Scotiabank upped their target price 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. Argus raised Dominion Energy to a “hold” rating in a research note on Tuesday, March 25th. JPMorgan Chase & Co. boosted their target price on shares of Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, March 11th. Morgan Stanley raised their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. Finally, UBS Group boosted their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. Thirteen analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $57.58.

Dominion Energy Stock Performance

NYSE:D opened at $54.98 on Monday. The company has a market cap of $46.85 billion, a P/E ratio of 20.36, a P/E/G ratio of 1.22 and a beta of 0.59. The firm’s 50 day moving average is $55.17 and its two-hundred day moving average is $56.18. Dominion Energy, Inc. has a fifty-two week low of $46.62 and a fifty-two week high of $61.97. 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 (NYSE:D) last issued its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. Analysts expect that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.86%. The ex-dividend date of this dividend was Friday, February 28th. Dominion Energy’s payout ratio is currently 98.89%.

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.