Dominion Energy, Inc. (NYSE:D) Shares Sold by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC lessened its stake in shares of Dominion Energy, Inc. (NYSE:D) by 98.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 841 shares of the utilities provider’s stock after selling 47,335 shares during the quarter. Pathway Financial Advisers LLC’s holdings in Dominion Energy were worth $45,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Roble Belko & Company Inc purchased a new position in Dominion Energy during the 4th quarter valued at about $27,000. Sanctuary Wealth Management L.L.C. acquired a new stake in shares of Dominion Energy during the third quarter worth about $28,000. Frazier Financial Advisors LLC purchased a new position in shares of Dominion Energy in the third quarter valued at approximately $32,000. Dunhill Financial LLC boosted its stake in shares of 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 grew its holdings 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 valued at $35,000 after purchasing an additional 449 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on D. Scotiabank raised their price target on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a report on Friday, November 8th. Finally, Morgan Stanley assumed coverage on 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. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Dominion Energy presently has an average rating of “Hold” and a consensus price target of $56.58.

Dominion Energy Price Performance

D stock opened at $56.69 on Friday. The business has a 50 day moving average price of $54.44 and a 200 day moving average price of $56.27. 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 stock has a market cap of $47.62 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 1.18 and a beta of 0.61. Dominion Energy, Inc. has a fifty-two week low of $44.16 and a fifty-two week high of $61.97.

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 16.95% and a return on equity of 8.35%. Equities research analysts anticipate that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date is Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is currently 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.