Houlihan Financial Resource Group Ltd. Decreases Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Houlihan Financial Resource Group Ltd. cut its holdings in Dominion Energy, Inc. (NYSE:D) by 8.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,619 shares of the utilities provider’s stock after selling 792 shares during the quarter. Houlihan Financial Resource Group Ltd.’s holdings in Dominion Energy were worth $464,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Hotchkis & Wiley Capital Management LLC raised its position in Dominion Energy by 63.5% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider’s stock valued at $487,567,000 after purchasing an additional 3,278,175 shares during the period. American Century Companies Inc. increased its position in shares of Dominion Energy by 207.7% during the 4th quarter. American Century Companies Inc. now owns 3,763,898 shares of the utilities provider’s stock valued at $202,724,000 after purchasing an additional 2,540,713 shares during the last quarter. Point72 Asset Management L.P. raised its holdings in Dominion Energy by 10,324.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 2,250,811 shares of the utilities provider’s stock valued at $130,074,000 after buying an additional 2,229,220 shares during the period. State Street Corp lifted its position in Dominion Energy by 3.2% in the third quarter. State Street Corp now owns 44,297,832 shares of the utilities provider’s stock worth $2,559,972,000 after buying an additional 1,365,555 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Dominion Energy during the fourth quarter worth $71,409,000. Institutional investors own 73.04% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on D. UBS Group increased their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday. Morgan Stanley increased their price objective on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 20th. Scotiabank boosted their target price on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. upped their target price on Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, March 11th. Twelve research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $57.58.

Dominion Energy Stock Down 0.5 %

Shares of NYSE:D opened at $54.29 on Tuesday. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The business’s 50 day moving average is $55.21 and its 200 day moving average is $56.27. The stock has a market cap of $46.26 billion, a P/E ratio of 20.11, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59. Dominion Energy, Inc. has a 52-week low of $46.56 and a 52-week high of $61.97.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. Sell-side analysts predict that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were paid a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.92%. Dominion Energy’s dividend payout ratio is presently 98.89%.

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.