Csenge Advisory Group Has $649,000 Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Csenge Advisory Group cut its stake in Dominion Energy, Inc. (NYSE:D) by 7.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,043 shares of the utilities provider’s stock after selling 932 shares during the period. Csenge Advisory Group’s holdings in Dominion Energy were worth $649,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Sanctuary Wealth Management L.L.C. acquired a new position in Dominion Energy during the third quarter worth $28,000. Roble Belko & Company Inc bought a new position in shares of Dominion Energy in the fourth quarter valued at approximately $27,000. Frazier Financial Advisors LLC acquired a new position in shares of Dominion Energy in the 3rd 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 worth $33,000 after acquiring an additional 487 shares in the last quarter. Finally, Larson Financial Group LLC grew its position in Dominion Energy by 282.4% during the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 449 shares during the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

D has been the topic of a number of recent analyst reports. Scotiabank boosted their price objective on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $61.00 price target on shares of Dominion Energy in a report on Friday, November 8th. Finally, Morgan Stanley assumed coverage on shares of Dominion Energy in a report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price objective on the stock. Eleven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and an average price target of $56.58.

Dominion Energy Trading Down 2.0 %

NYSE:D opened at $55.58 on Tuesday. The firm has a market capitalization of $46.68 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 1.18 and a beta of 0.61. Dominion Energy, Inc. has a 1-year low of $44.17 and a 1-year high of $61.97. The business’s 50-day moving average price is $54.42 and its two-hundred day moving average price is $56.33. 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 (NYSE:D) last released its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.04. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. On average, equities analysts expect that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 annualized dividend and a yield of 4.80%. Dominion Energy’s dividend payout ratio is presently 93.68%.

Dominion Energy Company 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.