Folger Nolan Fleming Douglas Capital Management Inc. Lowers Position in Dominion Energy, Inc. (NYSE:D)

Folger Nolan Fleming Douglas Capital Management Inc. decreased its position in shares of Dominion Energy, Inc. (NYSE:D) by 5.2% during the fourth quarter, Holdings Channel reports. The fund owned 40,435 shares of the utilities provider’s stock after selling 2,220 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Dominion Energy were worth $2,178,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Brooklyn Investment Group raised its holdings in Dominion Energy by 3.1% in the fourth quarter. Brooklyn Investment Group now owns 10,230 shares of the utilities provider’s stock worth $551,000 after purchasing an additional 305 shares in the last quarter. Merit Financial Group LLC grew its position in shares of Dominion Energy by 21.7% in the 4th quarter. Merit Financial Group LLC now owns 12,216 shares of the utilities provider’s stock worth $658,000 after buying an additional 2,175 shares during the period. Walker Asset Management LLC increased its stake in shares of Dominion Energy by 18.1% in the 4th quarter. Walker Asset Management LLC now owns 5,811 shares of the utilities provider’s stock worth $313,000 after acquiring an additional 889 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its position in Dominion Energy by 83.8% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 15,507 shares of the utilities provider’s stock valued at $835,000 after acquiring an additional 7,072 shares during the period. Finally, Tompkins Financial Corp boosted its stake in Dominion Energy by 14.7% during the fourth quarter. Tompkins Financial Corp now owns 4,370 shares of the utilities provider’s stock worth $235,000 after acquiring an additional 560 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Price Performance

Shares of NYSE:D opened at $55.34 on Friday. The business has a 50-day simple moving average of $55.54 and a two-hundred day simple moving average of $55.66. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The firm has a market cap of $46.49 billion, a price-to-earnings ratio of 19.42, a price-to-earnings-growth ratio of 1.16 and a beta of 0.60. Dominion Energy, Inc. has a fifty-two week low of $43.53 and a fifty-two week high of $61.97.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.05. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The firm had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same period in the previous year, the company earned $0.77 earnings per share. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. On average, analysts expect that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were paid a $0.6675 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.82%. Dominion Energy’s dividend payout ratio (DPR) is currently 93.68%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on D shares. Jefferies Financial Group assumed coverage on shares of Dominion Energy in a research note on Friday, September 20th. They set a “hold” rating and a $58.00 target price for the company. Morgan Stanley began coverage on Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price objective for the company. Scotiabank boosted their target price on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. The Goldman Sachs Group restated a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a report on Friday, November 8th. Finally, Barclays upped their price target on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $56.58.

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.