One Capital Management LLC Cuts Position in Dominion Energy, Inc. (NYSE:D)

One Capital Management LLC cut its stake in Dominion Energy, Inc. (NYSE:D) by 3.4% during the fourth quarter, HoldingsChannel reports. The fund owned 154,623 shares of the utilities provider’s stock after selling 5,461 shares during the quarter. One Capital Management LLC’s holdings in Dominion Energy were worth $8,328,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Cape Investment Advisory Inc. boosted its position 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 purchasing an additional 300 shares in the last quarter. BankPlus Trust Department acquired a new stake in Dominion Energy during the 4th quarter worth about $26,000. Roble Belko & Company Inc acquired a new stake in Dominion Energy during the 4th quarter worth about $27,000. Sanctuary Wealth Management L.L.C. acquired a new stake in Dominion Energy during the 3rd quarter worth about $28,000. Finally, Frazier Financial Advisors LLC acquired a new position in shares of Dominion Energy in the 3rd quarter valued at about $32,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Scotiabank lifted their price target on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a research note on Friday, November 8th. Finally, Morgan Stanley started coverage on Dominion Energy in a research note on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price objective for the company. Eleven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $57.00.

Dominion Energy Trading Down 0.3 %

Shares of Dominion Energy stock opened at $54.15 on Thursday. The stock has a market cap of $46.14 billion, a P/E ratio of 20.06, a P/E/G ratio of 1.22 and a beta of 0.58. The stock’s 50 day simple moving average is $55.03 and its 200-day simple moving average is $56.43. Dominion Energy, Inc. has a 1-year low of $46.43 and a 1-year high of $61.97. 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 (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 predict that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.93%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s dividend payout ratio 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.