Dominion Energy, Inc. (NYSE:D) Shares Sold by Elmwood Wealth Management Inc.

Elmwood Wealth Management Inc. trimmed its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,279 shares of the utilities provider’s stock after selling 771 shares during the period. Elmwood Wealth Management Inc.’s holdings in Dominion Energy were worth $931,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. Sanctuary Wealth Management L.L.C. bought a new stake in Dominion Energy during the third quarter valued at $28,000. Frazier Financial Advisors LLC acquired a new stake in Dominion Energy in the third quarter worth about $32,000. Dunhill Financial LLC lifted its holdings in Dominion Energy by 601.2% in the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 487 shares during the period. Larson Financial Group LLC lifted its holdings in Dominion Energy by 282.4% in the third quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 449 shares during the period. Finally, Reston Wealth Management LLC acquired a new stake in Dominion Energy in the 3rd quarter valued at about $36,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

D has been the topic of several recent analyst reports. Jefferies Financial Group initiated coverage on Dominion Energy in a report on Friday, September 20th. They set a “hold” rating and a $58.00 price objective on the stock. Scotiabank upped 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. Morgan Stanley started coverage on Dominion Energy in a report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 target price on the stock. Barclays increased their price objective on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a report on Friday, November 8th. Eleven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $56.58.

Dominion Energy Price Performance

Shares of Dominion Energy stock traded up $0.10 during trading on Monday, reaching $53.49. The company’s stock had a trading volume of 1,523,099 shares, compared to its average volume of 3,534,069. The stock has a 50-day moving average price of $55.82 and a two-hundred day moving average price of $55.62. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a one year low of $43.53 and a one year high of $61.97. The stock has a market capitalization of $44.93 billion, a P/E ratio of 18.77, a price-to-earnings-growth ratio of 1.44 and a beta of 0.60.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The business had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same period in the previous year, the business posted $0.77 earnings per share. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were issued a $0.6675 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.99%. Dominion Energy’s dividend 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.