Tocqueville Asset Management L.P. Sells 250 Shares of Dominion Energy, Inc. (NYSE:D)

Tocqueville Asset Management L.P. lowered its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 3.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 7,864 shares of the utilities provider’s stock after selling 250 shares during the period. Tocqueville Asset Management L.P.’s holdings in Dominion Energy were worth $424,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Horizon Kinetics Asset Management LLC grew its position in shares of Dominion Energy by 30.3% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 10,750 shares of the utilities provider’s stock valued at $579,000 after purchasing an additional 2,500 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Dominion Energy by 7.2% in the fourth quarter. Parallel Advisors LLC now owns 9,833 shares of the utilities provider’s stock valued at $530,000 after purchasing an additional 664 shares during the last quarter. Cibc World Markets Corp grew its position in shares of Dominion Energy by 16.4% in the fourth quarter. Cibc World Markets Corp now owns 132,497 shares of the utilities provider’s stock valued at $7,136,000 after purchasing an additional 18,709 shares during the last quarter. Rockport Wealth LLC acquired a new position in shares of Dominion Energy in the fourth quarter valued at approximately $214,000. Finally, Patten & Patten Inc. TN grew its position in shares of Dominion Energy by 23.4% in the fourth quarter. Patten & Patten Inc. TN now owns 21,555 shares of the utilities provider’s stock valued at $1,161,000 after purchasing an additional 4,092 shares during the last quarter. Institutional investors own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on D. JPMorgan Chase & Co. increased their price target on Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. Morgan Stanley began coverage on Dominion Energy in a research note on Monday, December 2nd. They set an “equal weight” rating and a $61.00 target price for the company. Finally, Scotiabank increased their price target 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 analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $57.18.

Dominion Energy Trading Up 0.3 %

NYSE:D opened at $54.95 on Thursday. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $46.82 billion, a PE ratio of 20.35, a price-to-earnings-growth ratio of 1.22 and a beta of 0.58. The firm’s 50 day moving average is $55.16 and its 200 day moving average is $56.32. Dominion Energy, Inc. has a 12 month low of $46.56 and a 12 month high of $61.97.

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

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.86%. Dominion Energy’s dividend payout ratio (DPR) is presently 98.89%.

Dominion Energy 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.