Axxcess Wealth Management LLC Sells 6,320 Shares of Dominion Energy, Inc. (NYSE:D)

Axxcess Wealth Management LLC cut its holdings in Dominion Energy, Inc. (NYSE:D) by 9.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,109 shares of the utilities provider’s stock after selling 6,320 shares during the period. Axxcess Wealth Management LLC’s holdings in Dominion Energy were worth $3,399,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in D. Cape Investment Advisory Inc. increased its stake in shares of Dominion Energy by 175.4% during the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock valued at $25,000 after buying an additional 300 shares during the period. BankPlus Trust Department bought a new stake in Dominion Energy in the fourth quarter valued at $26,000. Roble Belko & Company Inc purchased a new position in Dominion Energy during the 4th quarter valued at $27,000. Fairway Wealth LLC bought a new position in Dominion Energy in the 4th quarter worth $27,000. Finally, CBIZ Investment Advisory Services LLC lifted its position in shares of Dominion Energy by 100.4% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 260 shares during the period. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Trading Up 0.1 %

NYSE D opened at $54.77 on Wednesday. Dominion Energy, Inc. has a 12 month low of $46.56 and a 12 month high of $61.97. 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’s fifty day moving average price is $55.15 and its 200-day moving average price is $56.33. The stock has a market cap of $46.66 billion, a P/E ratio of 20.28, a P/E/G ratio of 1.22 and a beta of 0.58.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, beating 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%. As a group, equities analysts forecast that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors 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 4.88%. Dominion Energy’s payout ratio is currently 98.89%.

Analyst Ratings Changes

D has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, March 11th. Scotiabank upped their target price on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Finally, Morgan Stanley started coverage on Dominion Energy in a research note on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 target price for the company. Eleven analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and an average price target of $57.18.

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.