Dominion Energy, Inc. (NYSE:D) Shares Sold by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt lessened its position in Dominion Energy, Inc. (NYSE:D) by 24.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,430 shares of the utilities provider’s stock after selling 800 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Dominion Energy were worth $131,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of D. Roble Belko & Company Inc acquired a new position in shares of Dominion Energy during the 4th quarter valued at about $27,000. Sanctuary Wealth Management L.L.C. acquired a new position in Dominion Energy during the third quarter worth approximately $28,000. Frazier Financial Advisors LLC purchased a new position in Dominion Energy during the third quarter worth approximately $32,000. Dunhill Financial LLC boosted its holdings in shares of Dominion Energy by 601.2% in the 3rd 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 last quarter. Finally, Larson Financial Group LLC grew its stake in shares of Dominion Energy by 282.4% during the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock valued at $35,000 after buying an additional 449 shares during the period. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Up 0.5 %

NYSE D opened at $54.64 on Friday. The stock has a market cap of $45.90 billion, a P/E ratio of 19.17, a PEG ratio of 1.21 and a beta of 0.61. The company’s fifty day simple moving average is $54.59 and its 200-day simple moving average is $56.14. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 52 week low of $43.53 and a 52 week high of $61.97.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a yield of 4.89%. Dominion Energy’s dividend payout ratio is currently 93.68%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on D shares. Barclays lifted their target price on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Scotiabank lifted their price objective on 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 assumed coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 target price for the company. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a research report on Friday, November 8th. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $56.58.

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.