Dominion Energy, Inc. (NYSE:D) Shares Sold by HUB Investment Partners LLC

HUB Investment Partners LLC lowered its position in Dominion Energy, Inc. (NYSE:D) by 19.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 18,027 shares of the utilities provider’s stock after selling 4,321 shares during the quarter. HUB Investment Partners LLC’s holdings in Dominion Energy were worth $971,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Cape Investment Advisory Inc. grew its holdings in shares of Dominion Energy by 175.4% in the 4th 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 period. BankPlus Trust Department acquired a new stake in Dominion Energy during the 4th quarter valued at $26,000. Roble Belko & Company Inc acquired a new stake in Dominion Energy during the 4th quarter valued at $27,000. Fairway Wealth LLC acquired a new stake in Dominion Energy during the 4th quarter valued at $27,000. Finally, CBIZ Investment Advisory Services LLC grew its holdings in Dominion Energy by 100.4% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider’s stock valued at $28,000 after buying an additional 260 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Trading Up 0.0 %

Shares of Dominion Energy stock opened at $54.91 on Friday. Dominion Energy, Inc. has a fifty-two week low of $46.56 and a fifty-two week high of $61.97. The firm has a market cap of $46.79 billion, a PE ratio of 20.34, a P/E/G ratio of 1.22 and a beta of 0.58. The business’s fifty day moving average is $55.17 and its two-hundred day moving average is $56.31. 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 (NYSE:D) last issued its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share 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%. Analysts anticipate that Dominion Energy, Inc. will post 3.39 earnings per share for the current 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 given a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.86%. The ex-dividend date was Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is currently 98.89%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on D shares. JPMorgan Chase & Co. increased their target price on Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, March 11th. Morgan Stanley increased their target price on Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, Scotiabank increased their target price on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Eleven analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $57.36.

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.