Raleigh Capital Management Inc. Lowers Position in Dominion Energy, Inc. (NYSE:D)

Raleigh Capital Management Inc. reduced its stake in Dominion Energy, Inc. (NYSE:D) by 93.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 731 shares of the utilities provider’s stock after selling 10,312 shares during the period. Raleigh Capital Management Inc.’s holdings in Dominion Energy were worth $39,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Sanctuary Wealth Management L.L.C. acquired a new stake in shares of Dominion Energy in the third quarter valued at $28,000. Roble Belko & Company Inc purchased a new stake in Dominion Energy during the 4th quarter worth about $27,000. Frazier Financial Advisors LLC acquired a new position in shares of Dominion Energy during the third quarter worth about $32,000. Dunhill Financial LLC increased its stake in shares of Dominion Energy by 601.2% during the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock worth $33,000 after buying an additional 487 shares during the period. Finally, Larson Financial Group LLC grew its holdings in Dominion Energy by 282.4% during the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 449 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Trading Up 0.6 %

NYSE:D opened at $53.25 on Friday. The company has a market capitalization of $44.73 billion, a PE ratio of 18.69, a P/E/G ratio of 1.15 and a beta of 0.60. Dominion Energy, Inc. has a 52-week low of $43.53 and a 52-week high of $61.97. The stock’s 50 day moving average price is $55.34 and its 200 day moving average price is $55.88. 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 announced its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same period last year, the firm posted $0.77 earnings per share. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, research analysts anticipate that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders 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 5.01%. Dominion Energy’s payout ratio is 93.68%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on D shares. Barclays raised their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a report on Friday, November 8th. Scotiabank increased their price objective on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. 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 target price for the company. Eleven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Dominion Energy currently has an average 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.