Dominion Energy, Inc. (NYSE:D) Shares Sold by D.B. Root & Company LLC

D.B. Root & Company LLC trimmed its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 14.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,747 shares of the utilities provider’s stock after selling 647 shares during the period. D.B. Root & Company LLC’s holdings in Dominion Energy were worth $202,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of D. Sanctuary Wealth Management L.L.C. acquired a new position in Dominion Energy during the third quarter worth about $28,000. Roble Belko & Company Inc acquired a new stake in shares of Dominion Energy during the fourth quarter worth $27,000. Frazier Financial Advisors LLC acquired a new stake in Dominion Energy in the 3rd quarter worth about $32,000. Dunhill Financial LLC grew 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 purchasing an additional 487 shares during the period. Finally, Larson Financial Group LLC increased its holdings in shares of Dominion Energy by 282.4% during the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock worth $35,000 after buying an additional 449 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Up 0.6 %

D opened at $53.25 on Friday. The stock has a market cap of $44.73 billion, a P/E ratio of 18.69, a P/E/G ratio of 1.15 and a beta of 0.60. 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’s 50 day moving average price is $55.34 and its 200 day moving average price is $55.88. Dominion Energy, Inc. has a 12 month low of $43.53 and a 12 month high of $61.97.

Dominion Energy (NYSE:D) last announced its earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, topping the consensus estimate of $0.93 by $0.05. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The company had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same period last year, the company posted $0.77 earnings per share. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. As a group, research analysts predict that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were given a $0.6675 dividend. The ex-dividend date was Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a yield of 5.01%. Dominion Energy’s payout ratio is 93.68%.

Analysts Set New Price Targets

Several research firms recently commented on D. The Goldman Sachs Group restated a “neutral” rating and issued a $61.00 price target on shares of Dominion Energy in a report on Friday, November 8th. Barclays lifted their price objective on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Scotiabank increased their price target on shares of 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 initiated coverage on Dominion Energy in a research note 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 company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $56.58.

About Dominion Energy

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.