44 Wealth Management LLC Has $587,000 Stock Holdings in Dominion Energy, Inc. (NYSE:D)

44 Wealth Management LLC lowered its stake in Dominion Energy, Inc. (NYSE:D) by 5.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 10,892 shares of the utilities provider’s stock after selling 616 shares during the period. 44 Wealth Management LLC’s holdings in Dominion Energy were worth $587,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Oppenheimer & Co. Inc. boosted its stake in Dominion Energy by 22.8% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 69,343 shares of the utilities provider’s stock worth $4,007,000 after acquiring an additional 12,890 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Dominion Energy by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,164,929 shares of the utilities provider’s stock worth $298,481,000 after acquiring an additional 43,055 shares during the last quarter. Ascent Wealth Partners LLC bought a new position in Dominion Energy during the 3rd quarter worth approximately $1,223,000. Hotchkis & Wiley Capital Management LLC lifted its holdings in Dominion Energy by 63.5% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider’s stock worth $487,567,000 after acquiring an additional 3,278,175 shares in the last quarter. Finally, Barclays PLC lifted its holdings in Dominion Energy by 19.8% during the third quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider’s stock worth $141,739,000 after acquiring an additional 404,868 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Stock Performance

Shares of D stock opened at $57.38 on Friday. The company’s fifty day simple moving average is $54.58 and its 200-day simple moving average is $56.35. 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 firm has a market cap of $48.20 billion, a PE ratio of 21.25, a P/E/G ratio of 1.22 and a beta of 0.61. Dominion Energy, Inc. has a 12 month low of $44.17 and a 12 month high of $61.97.

Dominion Energy (NYSE:D) last released its 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%. Equities research analysts expect that Dominion Energy, Inc. will post 3.39 EPS 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. Shareholders of record on Friday, February 28th will be given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.65%. The ex-dividend date is Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is currently 98.89%.

Analyst Upgrades and Downgrades

D has been the topic of several recent analyst reports. The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a report on Friday, November 8th. Morgan Stanley started 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 target on the stock. Finally, Scotiabank lifted their price target on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Eleven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $56.58.

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.