Cassaday & Co Wealth Management LLC Has $1.43 Million Holdings in Dominion Energy, Inc. (NYSE:D)

Cassaday & Co Wealth Management LLC decreased its stake in Dominion Energy, Inc. (NYSE:D) by 5.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 26,608 shares of the utilities provider’s stock after selling 1,642 shares during the quarter. Cassaday & Co Wealth Management LLC’s holdings in Dominion Energy were worth $1,433,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of D. ING Groep NV acquired a new stake in Dominion Energy in the fourth quarter valued at $4,577,000. Boston Financial Mangement LLC raised its position in shares of Dominion Energy by 2.1% in the 4th quarter. Boston Financial Mangement LLC now owns 35,181 shares of the utilities provider’s stock worth $1,895,000 after acquiring an additional 708 shares in the last quarter. Plan Group Financial LLC raised its position in shares of Dominion Energy by 8.4% in the 4th quarter. Plan Group Financial LLC now owns 16,049 shares of the utilities provider’s stock worth $864,000 after acquiring an additional 1,249 shares in the last quarter. Bank of Jackson Hole Trust bought a new position in shares of Dominion Energy in the 4th quarter worth about $59,000. Finally, Atria Wealth Solutions Inc. raised its position in shares of Dominion Energy by 9.5% in the 4th quarter. Atria Wealth Solutions Inc. now owns 51,579 shares of the utilities provider’s stock worth $2,778,000 after acquiring an additional 4,476 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Price Performance

Shares of NYSE D opened at $56.39 on Friday. 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 company has a market capitalization of $47.36 billion, a PE ratio of 20.88, a PEG ratio of 1.21 and a beta of 0.61. The stock’s 50 day moving average price is $54.51 and its 200-day moving average price is $56.32. Dominion Energy, Inc. has a twelve month low of $44.17 and a twelve 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%. On average, equities analysts anticipate that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a yield of 4.74%. Dominion Energy’s payout ratio is 98.89%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th. Morgan Stanley assumed coverage on 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. Finally, Scotiabank lifted 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 research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price 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.