Jacobi Capital Management LLC Sells 512 Shares of Dominion Energy, Inc. (NYSE:D)

Jacobi Capital Management LLC reduced its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 3.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 15,013 shares of the utilities provider’s stock after selling 512 shares during the period. Jacobi Capital Management LLC’s holdings in Dominion Energy were worth $809,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in D. Simon Quick Advisors LLC lifted its stake in Dominion Energy by 4.5% in the fourth quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider’s stock worth $229,000 after purchasing an additional 184 shares during the last quarter. Cobblestone Capital Advisors LLC NY increased its holdings in shares of Dominion Energy by 2.6% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 7,786 shares of the utilities provider’s stock worth $450,000 after buying an additional 195 shares during the period. Passumpsic Savings Bank lifted its stake 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 acquiring an additional 199 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in Dominion Energy by 0.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 33,670 shares of the utilities provider’s stock valued at $1,946,000 after acquiring an additional 208 shares during the period. Finally, Meridian Financial Partners LLC grew its position in Dominion Energy by 1.6% during the 4th quarter. Meridian Financial Partners LLC now owns 13,970 shares of the utilities provider’s stock worth $752,000 after acquiring an additional 219 shares during the last quarter. 73.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

D has been the subject of several recent research reports. Morgan Stanley began coverage on Dominion Energy in a research report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price objective for the company. Scotiabank upped their price target on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $61.00 price target on shares of Dominion Energy in a report on Friday, November 8th. Eleven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Dominion Energy currently has a consensus rating of “Hold” and a consensus price target of $56.58.

Dominion Energy Trading Up 0.2 %

Shares of D opened at $56.60 on Monday. Dominion Energy, Inc. has a 1-year low of $44.17 and a 1-year high of $61.97. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The firm’s 50-day moving average price is $54.94 and its 200-day moving average price is $56.45. The firm has a market capitalization of $47.54 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 1.22 and a beta of 0.61.

Dominion Energy (NYSE:D) last posted its quarterly earnings data 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 8.99% and a net margin of 16.22%. Sell-side analysts anticipate that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be issued a $0.6675 dividend. The ex-dividend date is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a yield of 4.72%. Dominion Energy’s dividend payout ratio (DPR) is 98.89%.

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.