Pinnacle Bancorp Inc. Sells 249 Shares of Dominion Energy, Inc. (NYSE:D)

Pinnacle Bancorp Inc. cut its position in Dominion Energy, Inc. (NYSE:D) by 18.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,087 shares of the utilities provider’s stock after selling 249 shares during the period. Pinnacle Bancorp Inc.’s holdings in Dominion Energy were worth $59,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in D. Oppenheimer & Co. Inc. increased its holdings in Dominion Energy by 22.8% in the third quarter. Oppenheimer & Co. Inc. now owns 69,343 shares of the utilities provider’s stock valued at $4,007,000 after purchasing an additional 12,890 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Dominion Energy by 0.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,164,929 shares of the utilities provider’s stock valued at $298,481,000 after buying an additional 43,055 shares during the period. Ascent Wealth Partners LLC acquired a new stake in shares of Dominion Energy in the third quarter valued at about $1,223,000. Hotchkis & Wiley Capital Management LLC raised its position in shares of Dominion Energy by 63.5% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider’s stock worth $487,567,000 after acquiring an additional 3,278,175 shares during the last quarter. Finally, Barclays PLC boosted its holdings in Dominion Energy by 19.8% in the third quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider’s stock valued at $141,739,000 after acquiring an additional 404,868 shares during the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Price Performance

Shares of D opened at $55.10 on Friday. The business’s fifty day moving average is $55.57 and its 200 day moving average is $55.67. Dominion Energy, Inc. has a 12-month low of $43.53 and a 12-month 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. The stock has a market cap of $46.28 billion, a P/E ratio of 19.33, a P/E/G ratio of 1.16 and a beta of 0.60.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The firm had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same period last year, the firm earned $0.77 earnings per share. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. Sell-side analysts anticipate that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.85%. The ex-dividend date was Friday, November 29th. Dominion Energy’s dividend payout ratio (DPR) is presently 93.68%.

Analysts Set New Price Targets

D has been the subject of several analyst reports. Barclays raised their price target on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Morgan Stanley began coverage on shares of 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. Jefferies Financial Group started coverage on Dominion Energy in a report on Friday, September 20th. They set a “hold” rating and a $58.00 price target for the company. Scotiabank boosted their price objective 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. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a research note on Friday, November 8th. Eleven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price 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.