Centurion Wealth Management LLC Has $346,000 Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Centurion Wealth Management LLC lessened its holdings in Dominion Energy, Inc. (NYSE:D) by 19.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,433 shares of the utilities provider’s stock after selling 1,555 shares during the period. Centurion Wealth Management LLC’s holdings in Dominion Energy were worth $346,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Cape Investment Advisory Inc. grew its stake in shares of Dominion Energy by 175.4% during the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 300 shares during the last quarter. BankPlus Trust Department acquired a new stake in Dominion Energy in the fourth quarter worth $26,000. Roble Belko & Company Inc acquired a new stake in Dominion Energy in the fourth quarter worth $27,000. Fairway Wealth LLC acquired a new stake in shares of Dominion Energy during the fourth quarter worth $27,000. Finally, CBIZ Investment Advisory Services LLC raised its holdings in shares of Dominion Energy by 100.4% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 260 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on D. Morgan Stanley began coverage on shares of Dominion Energy in a report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price objective on the stock. JPMorgan Chase & Co. lifted their price target on shares of Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, March 11th. Finally, Scotiabank lifted their price target on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Eleven research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Dominion Energy currently has an average rating of “Hold” and an average price target of $57.18.

Dominion Energy Price Performance

Shares of NYSE:D opened at $54.64 on Friday. The firm has a 50 day moving average of $55.12 and a 200-day moving average of $56.35. The stock has a market capitalization of $46.55 billion, a PE ratio of 20.24, a PEG ratio of 1.22 and a beta of 0.59. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 12 month low of $46.56 and a 12 month high of $61.97.

Dominion Energy (NYSE:D) last issued its earnings results 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 net margin of 16.22% and a return on equity of 8.99%. On average, equities research analysts predict that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s dividend payout ratio is 98.89%.

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.