Pinnacle Wealth Management Advisory Group LLC Reduces Holdings in Dominion Energy, Inc. (NYSE:D)

Pinnacle Wealth Management Advisory Group LLC lessened its holdings in Dominion Energy, Inc. (NYSE:D) by 6.9% during the 4th quarter, Holdings Channel reports. The firm owned 10,187 shares of the utilities provider’s stock after selling 754 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in Dominion Energy were worth $549,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of D. Sanctuary Wealth Management L.L.C. acquired a new position in Dominion Energy in the 3rd quarter valued at about $28,000. Roble Belko & Company Inc purchased a new stake in Dominion Energy in the 4th quarter worth approximately $27,000. Frazier Financial Advisors LLC acquired a new position in Dominion Energy in the 3rd quarter valued at $32,000. Dunhill Financial LLC lifted its stake in shares of Dominion Energy by 601.2% during the 3rd quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 487 shares during the period. Finally, Larson Financial Group LLC boosted its holdings in shares of Dominion Energy by 282.4% during the third quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 449 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Dominion Energy Price Performance

Dominion Energy stock opened at $55.58 on Monday. The firm has a fifty day moving average of $54.42 and a 200-day moving average of $56.31. Dominion Energy, Inc. has a 52-week low of $44.17 and a 52-week high of $61.97. 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 capitalization of $46.68 billion, a P/E ratio of 19.50, a PEG ratio of 1.18 and a beta of 0.61.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.04. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. As a group, analysts predict that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be given a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.80%. The ex-dividend date of this dividend is Friday, February 28th. 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.