Dominion Energy, Inc. (NYSE:D) Holdings Cut by Allen Mooney & Barnes Investment Advisors LLC

Allen Mooney & Barnes Investment Advisors LLC decreased its stake in Dominion Energy, Inc. (NYSE:D) by 17.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,975 shares of the utilities provider’s stock after selling 1,247 shares during the period. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Dominion Energy were worth $322,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale lifted its position in Dominion Energy by 16.5% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 136,103 shares of the utilities provider’s stock valued at $6,745,000 after purchasing an additional 19,260 shares during the last quarter. Wealthspire Advisors LLC grew its holdings in Dominion Energy by 6.7% in the 2nd quarter. Wealthspire Advisors LLC now owns 7,961 shares of the utilities provider’s stock worth $390,000 after buying an additional 497 shares in the last quarter. J.W. Cole Advisors Inc. increased its position in Dominion Energy by 4.6% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 15,103 shares of the utilities provider’s stock valued at $740,000 after acquiring an additional 668 shares during the period. Brown Brothers Harriman & Co. boosted its position in Dominion Energy by 36.4% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 18,886 shares of the utilities provider’s stock worth $925,000 after acquiring an additional 5,044 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Dominion Energy by 4.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,127,357 shares of the utilities provider’s stock valued at $104,253,000 after purchasing an additional 89,379 shares in the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on D shares. Jefferies Financial Group initiated coverage on shares of Dominion Energy in a research note on Friday, September 20th. They issued a “hold” rating and a $58.00 price target for the company. The Goldman Sachs Group reissued a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a research note on Friday, November 8th. Morgan Stanley initiated coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price target on the stock. Barclays boosted their target price 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. Finally, Scotiabank increased their price objective on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $56.58.

Dominion Energy Trading Up 0.6 %

NYSE D opened at $53.77 on Wednesday. The firm’s fifty day simple moving average is $55.64 and its 200-day simple moving average is $55.68. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 1-year low of $43.53 and a 1-year high of $61.97. The company has a market capitalization of $45.17 billion, a PE ratio of 18.87, a price-to-earnings-growth ratio of 1.44 and a beta of 0.60.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, beating the consensus estimate of $0.93 by $0.05. The business had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $4.18 billion. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.77 EPS. As a group, sell-side analysts anticipate that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were issued a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.97%. Dominion Energy’s dividend payout ratio is currently 93.68%.

Dominion Energy Company 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.