Facet Wealth Inc. Reduces Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Facet Wealth Inc. reduced its stake in Dominion Energy, Inc. (NYSE:D) by 12.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,207 shares of the utilities provider’s stock after selling 722 shares during the period. Facet Wealth Inc.’s holdings in Dominion Energy were worth $284,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of D. Cape Investment Advisory Inc. boosted its holdings in shares of Dominion Energy by 175.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 300 shares during the period. BankPlus Trust Department acquired a new stake in shares of Dominion Energy in the fourth quarter valued at approximately $26,000. Roble Belko & Company Inc acquired a new stake in shares of Dominion Energy in the fourth quarter valued at approximately $27,000. Fairway Wealth LLC acquired a new stake in shares of Dominion Energy during the fourth quarter worth $27,000. Finally, CBIZ Investment Advisory Services LLC lifted its holdings in shares of Dominion Energy by 100.4% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 260 shares during the period. 73.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, March 11th. Morgan Stanley assumed coverage on Dominion Energy in a report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price target for the company. Finally, Scotiabank increased their price target on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $57.18.

Dominion Energy Trading Up 1.0 %

NYSE:D opened at $54.64 on Friday. The company has a market capitalization of $46.55 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59. 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 $46.56 and a 52-week high of $61.97. The stock has a fifty day simple moving average of $55.12 and a 200-day simple moving average of $56.35.

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

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.89%. The ex-dividend date is Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is presently 98.89%.

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.