Oakworth Capital Inc. Decreases Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Oakworth Capital Inc. lowered its position in shares of Dominion Energy, Inc. (NYSE:D) by 44.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 781 shares of the utilities provider’s stock after selling 629 shares during the period. Oakworth Capital Inc.’s holdings in Dominion Energy were worth $42,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Oppenheimer & Co. Inc. raised its position in Dominion Energy by 22.8% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 69,343 shares of the utilities provider’s stock valued at $4,007,000 after purchasing an additional 12,890 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Dominion Energy by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,164,929 shares of the utilities provider’s stock valued at $298,481,000 after purchasing an additional 43,055 shares during the period. Ascent Wealth Partners LLC bought a new position in Dominion Energy in the 3rd quarter worth $1,223,000. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Dominion Energy by 63.5% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider’s stock worth $487,567,000 after purchasing an additional 3,278,175 shares during the period. Finally, Barclays PLC boosted its stake in shares of Dominion Energy by 19.8% during the 3rd quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider’s stock valued at $141,739,000 after purchasing an additional 404,868 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Analyst Ratings Changes

D has been the subject of a number of research reports. The Goldman Sachs Group reissued a “neutral” rating and issued a $61.00 price target on shares of Dominion Energy in a research note on Friday, November 8th. 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. Scotiabank upped their price target on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Finally, Barclays raised their price objective on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Eleven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $56.58.

Dominion Energy Price Performance

Shares of NYSE:D opened at $54.32 on Friday. The business has a fifty day moving average price of $54.70 and a 200-day moving average price of $56.15. 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 company has a market capitalization of $45.63 billion, a PE ratio of 19.06, a PEG ratio of 1.21 and a beta of 0.61. Dominion Energy, Inc. has a 1-year low of $43.53 and a 1-year high of $61.97.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.6675 per share. 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 4.92%. Dominion Energy’s dividend payout ratio is currently 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.