Dominion Energy, Inc. (NYSE:D) Shares Sold by HBW Advisory Services LLC

HBW Advisory Services LLC trimmed its position in shares of Dominion Energy, Inc. (NYSE:D) by 16.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,961 shares of the utilities provider’s stock after selling 2,463 shares during the period. HBW Advisory Services LLC’s holdings in Dominion Energy were worth $698,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in D. BLB&B Advisors LLC boosted its position in Dominion Energy by 2.5% during the 3rd quarter. BLB&B Advisors LLC now owns 7,223 shares of the utilities provider’s stock worth $417,000 after purchasing an additional 173 shares during the period. Cobblestone Capital Advisors LLC NY grew its stake 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 valued at $450,000 after buying an additional 195 shares in the last quarter. Passumpsic Savings Bank lifted its position in shares of Dominion Energy by 2.7% during the third quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider’s stock worth $441,000 after purchasing an additional 199 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its position in Dominion Energy by 3.5% in 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 valued at $342,000 after buying an additional 200 shares during the last quarter. Finally, Busey Bank lifted its stake in shares of Dominion Energy by 3.4% in the third quarter. Busey Bank now owns 6,134 shares of the utilities provider’s stock worth $354,000 after acquiring an additional 203 shares in the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Dominion Energy Stock Down 2.4 %

D stock opened at $53.29 on Friday. The stock has a market cap of $44.76 billion, a PE ratio of 18.70, a price-to-earnings-growth ratio of 1.44 and a beta of 0.60. The firm’s 50-day simple moving average is $55.82 and its 200 day simple moving average is $55.53. Dominion Energy, Inc. has a fifty-two week low of $43.53 and a fifty-two week high of $61.97. 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 quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share 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 company had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $4.18 billion. During the same quarter in the previous year, the company posted $0.77 earnings per share. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, sell-side analysts predict that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date of this dividend was Friday, November 29th. Dominion Energy’s dividend payout ratio is currently 93.68%.

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.