Wealthspire Advisors LLC Decreases Stock Position in Dominion Energy, Inc. (NYSE:D)

Wealthspire Advisors LLC trimmed its position in shares of Dominion Energy, Inc. (NYSE:D) by 11.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,384 shares of the utilities provider’s stock after selling 1,649 shares during the quarter. Wealthspire Advisors LLC’s holdings in Dominion Energy were worth $721,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of D. State Street Corp grew its stake in Dominion Energy by 3.2% in the 3rd quarter. State Street Corp now owns 44,297,832 shares of the utilities provider’s stock worth $2,559,972,000 after acquiring an additional 1,365,555 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Dominion Energy by 4.5% in the third quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider’s stock worth $1,653,964,000 after purchasing an additional 1,222,688 shares in the last quarter. Geode Capital Management LLC increased its holdings in Dominion Energy by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 17,875,221 shares of the utilities provider’s stock worth $1,032,941,000 after purchasing an additional 367,193 shares during the period. Franklin Resources Inc. increased its holdings in Dominion Energy by 4.8% during the 3rd quarter. Franklin Resources Inc. now owns 8,718,747 shares of the utilities provider’s stock worth $496,358,000 after purchasing an additional 398,012 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC raised its position in Dominion Energy by 63.5% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider’s stock valued at $487,567,000 after purchasing an additional 3,278,175 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Up 1.0 %

NYSE:D opened at $57.44 on Wednesday. The firm has a 50 day moving average of $54.72 and a 200 day moving average of $56.41. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 52 week low of $44.17 and a 52 week high of $61.97. The stock has a market capitalization of $48.25 billion, a price-to-earnings ratio of 21.27, a PEG ratio of 1.22 and a beta of 0.61.

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

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders 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 dividend yield of 4.65%. Dominion Energy’s payout ratio is 98.89%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Morgan Stanley assumed coverage on Dominion Energy in a research note on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price target on the stock. Scotiabank raised their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $61.00 price target on shares of Dominion Energy in a report on Friday, November 8th. Eleven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $56.58.

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.