MONECO Advisors LLC Has $1.99 Million Stake in Dominion Energy, Inc. (NYSE:D)

MONECO Advisors LLC decreased its position in shares of Dominion Energy, Inc. (NYSE:D) by 32.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,848 shares of the utilities provider’s stock after selling 17,547 shares during the period. MONECO Advisors LLC’s holdings in Dominion Energy were worth $1,985,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Howard Capital Management Inc. raised its position in shares of Dominion Energy by 17.0% during the fourth quarter. Howard Capital Management Inc. now owns 6,922 shares of the utilities provider’s stock valued at $373,000 after buying an additional 1,007 shares during the last quarter. TCW Group Inc. raised its position in shares of Dominion Energy by 2.6% during the fourth quarter. TCW Group Inc. now owns 11,748 shares of the utilities provider’s stock valued at $633,000 after buying an additional 294 shares during the last quarter. Sigma Planning Corp raised its position in shares of Dominion Energy by 3.9% during the fourth quarter. Sigma Planning Corp now owns 24,114 shares of the utilities provider’s stock valued at $1,299,000 after buying an additional 910 shares during the last quarter. Greystone Financial Group LLC raised its position in shares of Dominion Energy by 5.4% during the fourth quarter. Greystone Financial Group LLC now owns 114,945 shares of the utilities provider’s stock valued at $6,191,000 after buying an additional 5,932 shares during the last quarter. Finally, ING Groep NV acquired a new position in shares of Dominion Energy during the fourth quarter valued at about $4,577,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Price Performance

Shares of Dominion Energy stock opened at $57.38 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $48.20 billion, a price-to-earnings ratio of 21.25, a P/E/G ratio of 1.22 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 firm’s 50-day moving average price is $54.58 and its two-hundred day moving average price is $56.36.

Dominion Energy (NYSE:D) last issued 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 16.22% and a return on equity of 8.99%. On average, equities analysts predict that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.6675 per share. The ex-dividend date is Friday, February 28th. This represents a $2.67 annualized dividend and a dividend yield of 4.65%. Dominion Energy’s dividend payout ratio (DPR) is currently 98.89%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on D. Morgan Stanley began coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price objective for the company. The Goldman Sachs Group reissued a “neutral” rating and issued a $61.00 price target on shares of Dominion Energy in a research report on Friday, November 8th. Finally, Scotiabank increased their price target on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Eleven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus 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.