Dominion Energy, Inc. (NYSE:D) Holdings Cut by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC lowered its position in Dominion Energy, Inc. (NYSE:D) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,440 shares of the utilities provider’s stock after selling 314 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Dominion Energy were worth $1,586,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Sanctuary Wealth Management L.L.C. acquired a new stake in shares of Dominion Energy in the 3rd quarter valued at $28,000. Roble Belko & Company Inc acquired a new position in Dominion Energy during the fourth quarter valued at approximately $27,000. Frazier Financial Advisors LLC acquired a new stake in shares of Dominion Energy in the third quarter worth $32,000. Dunhill Financial LLC grew its stake in Dominion Energy by 601.2% in the 3rd quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock valued at $33,000 after buying an additional 487 shares during the last quarter. Finally, Larson Financial Group LLC raised its holdings in Dominion Energy by 282.4% in the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 449 shares during the period. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Trading Up 0.5 %

Shares of NYSE D opened at $54.64 on Friday. The company’s 50 day simple moving average is $54.51 and its 200 day simple moving average is $56.16. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. Dominion Energy, Inc. has a fifty-two week low of $43.53 and a fifty-two week high of $61.97. The firm has a market capitalization of $45.90 billion, a P/E ratio of 19.17, a P/E/G ratio of 1.18 and a beta of 0.61.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.89%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s payout ratio is 93.68%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Scotiabank increased their target price on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Barclays boosted their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $61.00 price target on shares of Dominion Energy in a report on Friday, November 8th. Finally, Morgan Stanley assumed coverage on Dominion Energy in a research report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 target price for the company. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus 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.