Tradewinds LLC. Cuts Holdings in Dominion Energy, Inc. (NYSE:D)

Tradewinds LLC. lowered its stake in shares of Dominion Energy, Inc. (NYSE:D) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,228 shares of the utilities provider’s stock after selling 836 shares during the quarter. Tradewinds LLC.’s holdings in Dominion Energy were worth $1,226,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Cape Investment Advisory Inc. lifted its holdings in shares of Dominion Energy by 175.4% in the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 300 shares during the last quarter. BankPlus Trust Department bought a new position in shares of Dominion Energy during the 4th quarter valued at $26,000. Roble Belko & Company Inc purchased a new position in Dominion Energy in the 4th quarter worth $27,000. Fairway Wealth LLC bought a new stake in Dominion Energy in the fourth quarter worth $27,000. Finally, CBIZ Investment Advisory Services LLC boosted its position in Dominion Energy by 100.4% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider’s stock valued at $28,000 after buying an additional 260 shares during the period. 73.04% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on D. UBS Group boosted their target price on Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. JPMorgan Chase & Co. increased their price objective on Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, March 11th. Scotiabank raised their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Morgan Stanley upped their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. Finally, Argus raised shares of Dominion Energy to a “hold” rating in a report on Tuesday, March 25th. Thirteen analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Dominion Energy presently has an average rating of “Hold” and a consensus target price of $57.58.

Dominion Energy Price Performance

Shares of NYSE D opened at $56.11 on Tuesday. The company has a 50 day simple moving average of $55.19 and a two-hundred day simple moving average of $56.17. Dominion Energy, Inc. has a fifty-two week low of $46.62 and a fifty-two week high of $61.97. The company has a market capitalization of $47.81 billion, a price-to-earnings ratio of 20.78, a P/E/G ratio of 1.22 and a beta of 0.59. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share 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%. Analysts expect that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were paid a $0.6675 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.67 annualized dividend and a dividend yield of 4.76%. Dominion Energy’s dividend payout ratio is presently 98.89%.

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.