Dominion Energy, Inc. (NYSE:D) Shares Sold by Dividend Assets Capital LLC

Dividend Assets Capital LLC decreased its position in Dominion Energy, Inc. (NYSE:D) by 9.1% in the 4th quarter, Holdings Channel reports. The fund owned 4,842 shares of the utilities provider’s stock after selling 484 shares during the period. Dividend Assets Capital LLC’s holdings in Dominion Energy were worth $261,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Sanctuary Wealth Management L.L.C. acquired a new position in shares of Dominion Energy in the third quarter worth about $28,000. Roble Belko & Company Inc acquired a new position in shares of Dominion Energy in the 4th quarter valued at approximately $27,000. Frazier Financial Advisors LLC purchased a new position in shares of Dominion Energy during the 3rd quarter valued at approximately $32,000. Dunhill Financial LLC grew its position in shares of Dominion Energy by 601.2% during the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock worth $33,000 after buying an additional 487 shares in the last quarter. Finally, Larson Financial Group LLC increased its stake 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 buying an additional 449 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Up 1.9 %

Shares of NYSE D opened at $57.38 on Friday. Dominion Energy, Inc. has a 12-month low of $44.17 and a 12-month high of $61.97. The company has a market cap of $48.20 billion, a price-to-earnings ratio of 21.25, a price-to-earnings-growth ratio of 1.22 and a beta of 0.61. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The stock’s 50 day simple moving average is $54.58 and its 200 day simple moving average is $56.35.

Dominion Energy (NYSE:D) last posted its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. Equities research analysts expect that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s payout ratio is 98.89%.

Wall Street Analyst Weigh In

A number of research firms have commented on D. Scotiabank increased their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Morgan Stanley started coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price target on the stock. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a report on Friday, November 8th. Eleven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price 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.