Hantz Financial Services Inc. Sells 2,412 Shares of Dominion Energy, Inc. (NYSE:D)

Hantz Financial Services Inc. lessened its position in Dominion Energy, Inc. (NYSE:D) by 27.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,360 shares of the utilities provider’s stock after selling 2,412 shares during the period. Hantz Financial Services Inc.’s holdings in Dominion Energy were worth $343,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of D. Roble Belko & Company Inc acquired a new stake in Dominion Energy during the 4th quarter worth approximately $27,000. Sanctuary Wealth Management L.L.C. acquired a new stake in shares of Dominion Energy during the third quarter worth $28,000. Frazier Financial Advisors LLC bought a new stake in Dominion Energy in the 3rd quarter valued at $32,000. Dunhill Financial LLC boosted 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 worth $33,000 after purchasing an additional 487 shares during the period. Finally, Larson Financial Group LLC increased its holdings in Dominion Energy by 282.4% during the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 449 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

D has been the subject of several recent research reports. Barclays upped their price objective on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a research note on Friday, November 8th. Scotiabank boosted their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Finally, Morgan Stanley initiated coverage on shares of 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 investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $56.58.

Dominion Energy Trading Down 0.6 %

Dominion Energy stock opened at $55.47 on Friday. 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 stock has a 50-day simple moving average of $54.96 and a 200 day simple moving average of $56.05. The stock has a market capitalization of $46.60 billion, a P/E ratio of 19.46, a PEG ratio of 1.20 and a beta of 0.60. Dominion Energy, Inc. has a 52 week low of $43.53 and a 52 week high of $61.97.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The business had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $4.18 billion. During the same quarter in the prior year, the business earned $0.77 EPS. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. Analysts expect that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Announces Dividend

The business also recently announced 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. 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%.

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.