Dominion Energy, Inc. (NYSE:D) Shares Sold by XML Financial LLC

XML Financial LLC trimmed its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 8.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,761 shares of the utilities provider’s stock after selling 4,669 shares during the period. XML Financial LLC’s holdings in Dominion Energy were worth $2,572,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Roble Belko & Company Inc purchased a new stake in Dominion Energy in the fourth quarter valued at $27,000. Sanctuary Wealth Management L.L.C. acquired a new stake in shares of Dominion Energy during the third quarter worth about $28,000. Frazier Financial Advisors LLC purchased a new stake in shares of Dominion Energy in the 3rd quarter valued at about $32,000. Dunhill Financial LLC boosted its position 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 period. Finally, Larson Financial Group LLC grew its stake 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 buying an additional 449 shares during the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Scotiabank increased their price objective on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Barclays increased their price target on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Morgan Stanley assumed 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 objective on the stock. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a research note on Friday, November 8th. Eleven research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Dominion Energy has a consensus rating of “Hold” and an average target price of $56.58.

Dominion Energy Price Performance

Shares of NYSE:D opened at $55.92 on Wednesday. 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 company has a 50-day moving average price of $55.44 and a 200 day moving average price of $55.85. Dominion Energy, Inc. has a 52 week low of $43.53 and a 52 week high of $61.97. The company has a market cap of $46.97 billion, a P/E ratio of 19.62, a PEG ratio of 1.20 and a beta of 0.60.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, beating the consensus estimate of $0.93 by $0.05. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The business had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same period last year, the firm earned $0.77 EPS. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. Research analysts predict that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were issued a $0.6675 dividend. The ex-dividend date was Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.78%. Dominion Energy’s dividend payout ratio is presently 93.68%.

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.