Kestra Investment Management LLC Sells 530 Shares of Dominion Energy, Inc. (NYSE:D)

Kestra Investment Management LLC reduced its stake in Dominion Energy, Inc. (NYSE:D) by 13.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,545 shares of the utilities provider’s stock after selling 530 shares during the quarter. Kestra Investment Management LLC’s holdings in Dominion Energy were worth $191,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of D. Roble Belko & Company Inc purchased a new position in shares of Dominion Energy in the 4th quarter worth about $27,000. Sanctuary Wealth Management L.L.C. bought a new stake in Dominion Energy in the 3rd quarter worth approximately $28,000. Frazier Financial Advisors LLC purchased a new stake in Dominion Energy in the third quarter worth approximately $32,000. Dunhill Financial LLC boosted its stake in Dominion Energy by 601.2% in the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock worth $33,000 after buying an additional 487 shares in the last quarter. Finally, Larson Financial Group LLC grew its position in Dominion Energy by 282.4% during the third quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 449 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Stock Up 1.3 %

Shares of NYSE:D opened at $56.39 on Friday. The stock’s 50-day moving average is $54.51 and its 200 day moving average is $56.32. The company has a market cap of $47.36 billion, a PE ratio of 20.88, a P/E/G ratio of 1.21 and a beta of 0.61. 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 1 year low of $44.17 and a 1 year high of $61.97.

Dominion Energy (NYSE:D) last posted its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate 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 anticipate that Dominion Energy, Inc. will post 3.39 EPS 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 given a $0.6675 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 annualized dividend and a dividend yield of 4.74%. Dominion Energy’s dividend payout ratio is 98.89%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on D shares. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a research note on Friday, November 8th. Morgan Stanley began coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price target for the company. Finally, Scotiabank raised their price objective 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. Eleven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target 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.