Dominion Energy, Inc. (NYSE:D) Position Trimmed by 44 Wealth Management LLC

44 Wealth Management LLC reduced its stake in shares of Dominion Energy, Inc. (NYSE:D) by 5.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,892 shares of the utilities provider’s stock after selling 616 shares during the quarter. 44 Wealth Management LLC’s holdings in Dominion Energy were worth $587,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Howard Capital Management Group LLC acquired a new position in shares of Dominion Energy during the 3rd quarter worth $210,000. Allspring Global Investments Holdings LLC raised its stake in shares of Dominion Energy by 0.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 247,770 shares of the utilities provider’s stock valued at $14,319,000 after acquiring an additional 1,130 shares in the last quarter. Foundations Investment Advisors LLC raised its holdings in Dominion Energy by 12.5% in the 3rd quarter. Foundations Investment Advisors LLC now owns 11,398 shares of the utilities provider’s stock worth $659,000 after acquiring an additional 1,262 shares during the period. Sequoia Financial Advisors LLC raised its holdings in Dominion Energy by 8.7% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 18,285 shares of the utilities provider’s stock worth $1,057,000 after acquiring an additional 1,458 shares during the period. Finally, Private Advisor Group LLC raised its holdings in Dominion Energy by 7.1% in the 3rd quarter. Private Advisor Group LLC now owns 111,331 shares of the utilities provider’s stock worth $6,434,000 after acquiring an additional 7,424 shares during the period. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Stock Performance

Shares of NYSE:D opened at $57.38 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The stock has a market capitalization of $48.20 billion, a price-to-earnings ratio of 21.25, a price-to-earnings-growth ratio of 1.22 and a beta of 0.61. Dominion Energy, Inc. has a fifty-two week low of $44.17 and a fifty-two week high of $61.97. The business’s fifty day moving average price is $54.58 and its two-hundred day moving average price is $56.35.

Dominion Energy (NYSE:D) last issued its quarterly earnings data 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 net margin of 16.22% and a return on equity of 8.99%. As a group, analysts predict that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 annualized dividend and a dividend yield of 4.65%. Dominion Energy’s dividend payout ratio (DPR) is currently 98.89%.

Analyst Upgrades and Downgrades

Several research analysts have commented on D shares. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $61.00 price target on shares of Dominion Energy in a research report on Friday, November 8th. Scotiabank lifted their price target 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. Finally, Morgan Stanley began coverage on shares of Dominion Energy in a report on Monday, December 2nd. They set 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus 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.