Birch Hill Investment Advisors LLC Has $1.08 Million Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Birch Hill Investment Advisors LLC lowered its position in shares of Dominion Energy, Inc. (NYSE:D) by 1.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,085 shares of the utilities provider’s stock after selling 270 shares during the quarter. Birch Hill Investment Advisors LLC’s holdings in Dominion Energy were worth $1,082,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in D. BLB&B Advisors LLC grew its holdings in Dominion Energy by 2.5% during the 3rd quarter. BLB&B Advisors LLC now owns 7,223 shares of the utilities provider’s stock worth $417,000 after acquiring an additional 173 shares during the last quarter. Simon Quick Advisors LLC increased its holdings in shares of Dominion Energy by 4.5% in the fourth quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider’s stock valued at $229,000 after purchasing an additional 184 shares in the last quarter. Cobblestone Capital Advisors LLC NY raised its position in Dominion Energy by 2.6% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 7,786 shares of the utilities provider’s stock worth $450,000 after purchasing an additional 195 shares during the last quarter. Passumpsic Savings Bank lifted its holdings in Dominion Energy by 2.7% during the 3rd quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider’s stock worth $441,000 after buying an additional 199 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its position in Dominion Energy by 3.5% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 5,920 shares of the utilities provider’s stock valued at $342,000 after buying an additional 200 shares during the last quarter. 73.04% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on D shares. Morgan Stanley initiated coverage on shares of Dominion Energy in a report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 target price for the company. The Goldman Sachs Group reiterated a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a report on Friday, November 8th. Scotiabank raised their target price on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Finally, Barclays boosted their target price on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Eleven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Dominion Energy presently has an average rating of “Hold” and an average target price of $56.58.

Dominion Energy Stock Up 0.5 %

Shares of D stock opened at $54.64 on Friday. The stock has a market cap of $45.90 billion, a P/E ratio of 19.17, a PEG ratio of 1.18 and a beta of 0.61. The company’s fifty day simple moving average is $54.51 and its two-hundred day simple moving average is $56.16. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 52 week low of $43.53 and a 52 week high of $61.97.

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 issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date is Friday, February 28th. Dominion Energy’s payout ratio is presently 93.68%.

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.