Dominion Energy, Inc. (NYSE:D) Stock Holdings Lowered by Stokes Family Office LLC

Stokes Family Office LLC reduced its holdings in Dominion Energy, Inc. (NYSE:D) by 9.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,982 shares of the utilities provider’s stock after selling 704 shares during the quarter. Stokes Family Office LLC’s holdings in Dominion Energy were worth $376,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in D. Xponance Inc. raised its holdings in shares of Dominion Energy by 2.7% during the fourth quarter. Xponance Inc. now owns 119,411 shares of the utilities provider’s stock valued at $6,431,000 after acquiring an additional 3,182 shares during the period. Generali Asset Management SPA SGR acquired a new stake in shares of Dominion Energy during the fourth quarter valued at approximately $3,633,000. Horizon Investments LLC raised its holdings in shares of Dominion Energy by 1.9% during the fourth quarter. Horizon Investments LLC now owns 15,827 shares of the utilities provider’s stock valued at $852,000 after acquiring an additional 294 shares during the period. Thrivent Financial for Lutherans raised its holdings in shares of Dominion Energy by 7.3% during the fourth quarter. Thrivent Financial for Lutherans now owns 53,109 shares of the utilities provider’s stock valued at $2,898,000 after acquiring an additional 3,628 shares during the period. Finally, Mystic Asset Management Inc. raised its holdings in shares of Dominion Energy by 6.8% during the fourth quarter. Mystic Asset Management Inc. now owns 6,252 shares of the utilities provider’s stock valued at $337,000 after acquiring an additional 398 shares during the period. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Stock Performance

D stock opened at $54.95 on Thursday. 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 company has a market capitalization of $46.82 billion, a price-to-earnings ratio of 20.35, a P/E/G ratio of 1.22 and a beta of 0.58. Dominion Energy, Inc. has a 12 month low of $46.56 and a 12 month high of $61.97. The firm has a 50 day moving average of $55.16 and a two-hundred day moving average of $56.32.

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

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.86%. The ex-dividend date is Friday, February 28th. Dominion Energy’s dividend payout ratio is currently 98.89%.

Wall Street Analysts Forecast Growth

D has been the topic of a number of recent analyst reports. Scotiabank boosted their price target on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. upped their price objective on shares of Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, March 11th. Finally, Morgan Stanley assumed coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price objective on the stock. Eleven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $57.18.

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.