Dominion Energy, Inc. (NYSE:D) Shares Sold by NTV Asset Management LLC

NTV Asset Management LLC trimmed its position in Dominion Energy, Inc. (NYSE:D) by 2.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,278 shares of the utilities provider’s stock after selling 232 shares during the quarter. NTV Asset Management LLC’s holdings in Dominion Energy were worth $607,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Roble Belko & Company Inc purchased a new stake in Dominion Energy in the fourth quarter valued at $27,000. Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Dominion Energy in the third quarter worth about $28,000. Frazier Financial Advisors LLC purchased a new stake in shares of Dominion Energy in the third quarter worth about $32,000. Dunhill Financial LLC grew its holdings in Dominion Energy by 601.2% during the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 487 shares during the period. Finally, Larson Financial Group LLC raised its position in Dominion Energy by 282.4% during the third quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 449 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on D shares. The Goldman Sachs Group restated a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. Morgan Stanley started coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price target on the stock. Finally, Scotiabank upped their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Eleven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Dominion Energy has an average rating of “Hold” and an average target price of $56.58.

Dominion Energy Stock Down 2.0 %

D opened at $55.58 on Tuesday. The company has a market cap of $46.68 billion, a PE ratio of 19.50, a price-to-earnings-growth ratio of 1.18 and a beta of 0.61. Dominion Energy, Inc. has a twelve month low of $44.17 and a twelve month high of $61.97. The company has a 50-day moving average price of $54.42 and a 200 day moving average price of $56.33. 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 released its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.04. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. Sell-side analysts expect that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s payout ratio is 93.68%.

About Dominion Energy

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.