Dominion Energy, Inc. (NYSE:D) Shares Sold by Icon Advisers Inc. Co.

Icon Advisers Inc. Co. trimmed its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 45.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 50,875 shares of the utilities provider’s stock after selling 43,000 shares during the quarter. Icon Advisers Inc. Co.’s holdings in Dominion Energy were worth $2,740,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in D. Cape Investment Advisory Inc. increased its position in shares of Dominion Energy by 175.4% during the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 300 shares during the last quarter. BankPlus Trust Department bought a new position in Dominion Energy during the fourth quarter worth $26,000. Roble Belko & Company Inc acquired a new stake in shares of Dominion Energy during the fourth quarter worth $27,000. Fairway Wealth LLC bought a new stake in shares of Dominion Energy during the 4th quarter valued at about $27,000. Finally, CBIZ Investment Advisory Services LLC raised its position in shares of Dominion Energy by 100.4% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 260 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on D. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $52.00 price objective (down from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. Morgan Stanley boosted their price target on Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 20th. UBS Group lifted their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Finally, Argus raised shares of Dominion Energy to a “hold” rating in a research note on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Dominion Energy currently has a consensus rating of “Hold” and an average target price of $57.00.

Dominion Energy Price Performance

NYSE D opened at $52.67 on Monday. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 12-month low of $46.62 and a 12-month high of $61.97. The company has a 50 day moving average price of $54.74 and a two-hundred day moving average price of $55.80. The stock has a market capitalization of $44.89 billion, a PE ratio of 19.51, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, topping 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%. As a group, equities analysts predict that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were issued a $0.6675 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.67 annualized dividend and a yield of 5.07%. 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.