Beese Fulmer Investment Management Inc. Has $1.81 Million Holdings in Dominion Energy, Inc. (NYSE:D)

Beese Fulmer Investment Management Inc. lessened its stake in shares of Dominion Energy, Inc. (NYSE:D) by 1.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 33,612 shares of the utilities provider’s stock after selling 419 shares during the period. Beese Fulmer Investment Management Inc.’s holdings in Dominion Energy were worth $1,810,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in D. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Dominion Energy by 1.4% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 129,238 shares of the utilities provider’s stock worth $6,961,000 after acquiring an additional 1,775 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in Dominion Energy by 8.6% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,086,092 shares of the utilities provider’s stock worth $112,357,000 after buying an additional 165,613 shares during the last quarter. Leo Wealth LLC bought a new stake in shares of Dominion Energy during the fourth quarter worth about $1,095,000. Eagle Ridge Investment Management lifted its position in Dominion Energy by 3.3% in the 4th quarter. Eagle Ridge Investment Management now owns 10,090 shares of the utilities provider’s stock valued at $543,000 after acquiring an additional 319 shares in the last quarter. Finally, Centennial Wealth Advisory LLC boosted its stake in Dominion Energy by 11.7% during the 4th quarter. Centennial Wealth Advisory LLC now owns 8,532 shares of the utilities provider’s stock valued at $460,000 after purchasing an additional 893 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analyst Ratings Changes

D has been the topic of several analyst reports. Morgan Stanley assumed 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. Barclays raised their price target on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a research note on Friday, November 8th. Finally, Scotiabank upped 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 investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and a consensus price target of $56.58.

Dominion Energy Price Performance

NYSE D opened at $54.32 on Friday. The firm’s 50-day simple moving average is $54.70 and its two-hundred day simple moving average is $56.15. Dominion Energy, Inc. has a 52 week low of $43.53 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 company has a market cap of $45.63 billion, a PE ratio of 19.06, a price-to-earnings-growth ratio of 1.21 and a beta of 0.61.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be given a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.92%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) 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.