Advisors Management Group Inc. ADV Trims Stock Position in Dominion Energy, Inc. (NYSE:D)

Advisors Management Group Inc. ADV trimmed its holdings in Dominion Energy, Inc. (NYSE:D) by 0.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 51,426 shares of the utilities provider’s stock after selling 418 shares during the quarter. Advisors Management Group Inc. ADV’s holdings in Dominion Energy were worth $2,770,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sanctuary Wealth Management L.L.C. purchased a new position in shares of Dominion Energy during the 3rd quarter valued at approximately $28,000. Frazier Financial Advisors LLC acquired a new stake in Dominion Energy during the third quarter valued at $32,000. Dunhill Financial LLC increased its holdings in Dominion Energy by 601.2% in the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock valued at $33,000 after buying an additional 487 shares in the last quarter. Larson Financial Group LLC raised its position in shares of Dominion Energy by 282.4% in the third quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 449 shares during the period. Finally, Reston Wealth Management LLC purchased a new stake in shares of Dominion Energy during the 3rd quarter worth about $36,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Stock Down 0.0 %

Shares of NYSE:D opened at $53.68 on Thursday. Dominion Energy, Inc. has a 52-week low of $43.53 and a 52-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. The business has a fifty day moving average of $55.64 and a two-hundred day moving average of $55.68. The stock has a market cap of $45.09 billion, a P/E ratio of 18.84, a PEG ratio of 1.16 and a beta of 0.60.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $4.18 billion. During the same quarter in the prior year, the firm posted $0.77 earnings per share. Dominion Energy’s quarterly revenue was up 3.4% on a year-over-year basis. On average, research analysts expect that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were paid a dividend of $0.6675 per share. The ex-dividend date was Friday, November 29th. This represents a $2.67 annualized dividend and a yield of 4.97%. Dominion Energy’s dividend payout ratio (DPR) is 93.68%.

Analyst Upgrades and Downgrades

Several analysts have commented on D shares. Morgan Stanley started coverage on Dominion Energy in a report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price objective on the stock. Scotiabank boosted their price target 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. Barclays increased their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Jefferies Financial Group began coverage on shares of Dominion Energy in a research note on Friday, September 20th. They set a “hold” rating and a $58.00 target price for the company. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $61.00 price target on shares of Dominion Energy in a research note on Friday, November 8th. Eleven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average 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.