Dominion Energy, Inc. (NYSE:D) Shares Sold by Pinnacle Wealth Management Advisory Group LLC

Pinnacle Wealth Management Advisory Group LLC reduced its holdings in Dominion Energy, Inc. (NYSE:D) by 6.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,187 shares of the utilities provider’s stock after selling 754 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in Dominion Energy were worth $549,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. BLB&B Advisors LLC boosted its holdings in Dominion Energy by 2.5% in the third quarter. BLB&B Advisors LLC now owns 7,223 shares of the utilities provider’s stock valued at $417,000 after purchasing an additional 173 shares in the last quarter. Simon Quick Advisors LLC lifted its position in shares of Dominion Energy by 4.5% during the 4th quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider’s stock worth $229,000 after buying an additional 184 shares during the last quarter. Cobblestone Capital Advisors LLC NY boosted its holdings in shares of Dominion Energy by 2.6% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 7,786 shares of the utilities provider’s stock valued at $450,000 after buying an additional 195 shares in the last quarter. Passumpsic Savings Bank grew its position in shares of Dominion Energy by 2.7% in the 3rd quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider’s stock valued at $441,000 after buying an additional 199 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in Dominion Energy by 3.5% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 5,920 shares of the utilities provider’s stock worth $342,000 after acquiring an additional 200 shares in the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Stock Performance

NYSE:D opened at $55.58 on Monday. The firm has a market cap of $46.68 billion, a price-to-earnings ratio of 19.50, a price-to-earnings-growth ratio of 1.18 and a beta of 0.61. 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 1-year low of $44.17 and a 1-year high of $61.97. The firm’s fifty day moving average price is $54.42 and its 200 day moving average price is $56.31.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. On average, sell-side analysts expect that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have issued reports on D shares. Scotiabank upped their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Morgan Stanley initiated 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, The Goldman Sachs Group reissued a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a report on Friday, November 8th. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Dominion Energy currently has a consensus rating of “Hold” and an average price target of $56.58.

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.