Dominion Energy, Inc. (NYSE:D) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. cut its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 8.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 241,511 shares of the utilities provider’s stock after selling 22,474 shares during the quarter. Advisors Asset Management Inc.’s holdings in Dominion Energy were worth $13,008,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Thrivent Financial for Lutherans grew its holdings in shares of Dominion Energy by 7.3% during the 4th quarter. Thrivent Financial for Lutherans now owns 53,109 shares of the utilities provider’s stock worth $2,898,000 after purchasing an additional 3,628 shares during the period. Mystic Asset Management Inc. grew its holdings in shares of Dominion Energy by 6.8% during the 4th quarter. Mystic Asset Management Inc. now owns 6,252 shares of the utilities provider’s stock worth $337,000 after purchasing an additional 398 shares during the period. Horizon Kinetics Asset Management LLC boosted its holdings in Dominion Energy by 30.3% during the 4th quarter. Horizon Kinetics Asset Management LLC now owns 10,750 shares of the utilities provider’s stock valued at $579,000 after acquiring an additional 2,500 shares during the period. Parallel Advisors LLC boosted its holdings in Dominion Energy by 7.2% during the 4th quarter. Parallel Advisors LLC now owns 9,833 shares of the utilities provider’s stock valued at $530,000 after acquiring an additional 664 shares during the period. Finally, Cibc World Markets Corp boosted its holdings in Dominion Energy by 16.4% during the 4th quarter. Cibc World Markets Corp now owns 132,497 shares of the utilities provider’s stock valued at $7,136,000 after acquiring an additional 18,709 shares during the period. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Price Performance

D stock opened at $54.75 on Tuesday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The firm has a market capitalization of $46.65 billion, a P/E ratio of 20.28, a P/E/G ratio of 1.22 and a beta of 0.59. The business’s 50-day moving average is $55.14 and its two-hundred day moving average is $56.34. Dominion Energy, Inc. has a 1 year low of $46.56 and a 1 year high of $61.97.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. Analysts anticipate that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders 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 dividend yield of 4.88%. The ex-dividend date is Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is presently 98.89%.

Analyst Ratings Changes

A number of equities analysts recently commented on D shares. Morgan Stanley started coverage on Dominion Energy in a report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 target price for the company. JPMorgan Chase & Co. raised their target price on Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, March 11th. Finally, Scotiabank raised their target price on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Eleven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus 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.