Dominion Energy, Inc. (NYSE:D) Shares Sold by Richardson Financial Services Inc.

Richardson Financial Services Inc. lessened its position in Dominion Energy, Inc. (NYSE:D) by 8.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,855 shares of the utilities provider’s stock after selling 265 shares during the period. Richardson Financial Services Inc.’s holdings in Dominion Energy were worth $154,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Marshall Wace LLP acquired a new position in Dominion Energy in the second quarter worth approximately $1,651,000. AQR Capital Management LLC boosted its stake in shares of Dominion Energy by 201.9% during the 2nd quarter. AQR Capital Management LLC now owns 33,747 shares of the utilities provider’s stock worth $1,654,000 after acquiring an additional 22,567 shares in the last quarter. Clearbridge Investments LLC grew its holdings in shares of Dominion Energy by 14.7% in the 2nd quarter. Clearbridge Investments LLC now owns 5,134 shares of the utilities provider’s stock worth $252,000 after acquiring an additional 659 shares during the last quarter. Czech National Bank lifted its holdings in shares of Dominion Energy by 7.0% during the third quarter. Czech National Bank now owns 170,900 shares of the utilities provider’s stock valued at $9,876,000 after purchasing an additional 11,171 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Dominion Energy by 20.0% in the 3rd quarter. GAMMA Investing LLC now owns 20,581 shares of the utilities provider’s stock valued at $1,189,000 after purchasing an additional 3,426 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Trading Down 0.6 %

Shares of NYSE:D opened at $55.47 on Monday. The company has a market cap of $46.60 billion, a P/E ratio of 19.46, a P/E/G ratio of 1.20 and a beta of 0.60. The stock’s 50-day moving average is $54.96 and its 200-day moving average is $56.09. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. Dominion Energy, Inc. has a 52-week low of $43.53 and a 52-week high of $61.97.

Dominion Energy (NYSE:D) last released its earnings results 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 business had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same quarter last year, the company earned $0.77 earnings per share. The firm’s revenue was up 3.4% on a year-over-year basis. Equities research analysts predict that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders 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 dividend yield of 4.81%. The ex-dividend date is Friday, February 28th. Dominion Energy’s dividend payout ratio is presently 93.68%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on D shares. The Goldman Sachs Group restated a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a report on Friday, November 8th. Scotiabank upped 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 report on Thursday, December 12th. Morgan Stanley started coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price objective on the stock. Finally, Barclays raised their target price on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Eleven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $56.58.

About Dominion Energy

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.