CJM Wealth Advisers Ltd. Sells 410 Shares of Dominion Energy, Inc. (NYSE:D)

CJM Wealth Advisers Ltd. reduced its stake in Dominion Energy, Inc. (NYSE:D) by 8.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,294 shares of the utilities provider’s stock after selling 410 shares during the period. CJM Wealth Advisers Ltd.’s holdings in Dominion Energy were worth $231,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hotchkis & Wiley Capital Management LLC increased its stake in shares of Dominion Energy by 63.5% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider’s stock worth $487,567,000 after acquiring an additional 3,278,175 shares in the last quarter. Point72 Asset Management L.P. lifted its holdings in shares of Dominion Energy by 10,324.8% during the third quarter. Point72 Asset Management L.P. now owns 2,250,811 shares of the utilities provider’s stock valued at $130,074,000 after purchasing an additional 2,229,220 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of Dominion Energy by 7,438.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,483,538 shares of the utilities provider’s stock worth $85,734,000 after purchasing an additional 1,463,858 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new stake in shares of Dominion Energy in the 2nd quarter worth approximately $67,854,000. Finally, State Street Corp increased its position in Dominion Energy by 3.2% during the 3rd quarter. State Street Corp now owns 44,297,832 shares of the utilities provider’s stock valued at $2,559,972,000 after buying an additional 1,365,555 shares in the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Stock Performance

Shares of D opened at $54.62 on Friday. The firm has a market capitalization of $45.88 billion, a P/E ratio of 19.16, a PEG ratio of 1.44 and a beta of 0.60. 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 one year low of $43.53 and a one year high of $61.97. The business has a fifty day moving average of $55.93 and a 200 day moving average of $55.51.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $4.18 billion. During the same period in the previous year, the company posted $0.77 EPS. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.89%. The ex-dividend date of this dividend was Friday, November 29th. Dominion Energy’s dividend payout ratio is presently 93.68%.

Analyst Upgrades and Downgrades

Several research firms have commented on D. Scotiabank boosted their target price on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. The Goldman Sachs Group reissued a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. Barclays lifted their target price on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Jefferies Financial Group began coverage on shares of Dominion Energy in a report on Friday, September 20th. They set a “hold” rating and a $58.00 price target on the stock. Finally, Morgan Stanley began coverage on Dominion Energy in a research report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price objective on the stock. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Dominion Energy presently has a consensus rating of “Hold” and a consensus price target of $56.58.

Dominion Energy Company 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.