Essex Financial Services Inc. Lowers Holdings in Dominion Energy, Inc. (NYSE:D)

Essex Financial Services Inc. lowered its position in shares of Dominion Energy, Inc. (NYSE:D) by 8.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,158 shares of the utilities provider’s stock after selling 1,435 shares during the quarter. Essex Financial Services Inc.’s holdings in Dominion Energy were worth $870,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Roble Belko & Company Inc purchased a new position in Dominion Energy in the fourth quarter worth $27,000. Sanctuary Wealth Management L.L.C. purchased a new position in shares of Dominion Energy in the 3rd quarter valued at about $28,000. Frazier Financial Advisors LLC acquired a new stake in shares of Dominion Energy in the third quarter valued at about $32,000. Dunhill Financial LLC boosted its holdings in 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 in the last quarter. Finally, Larson Financial Group LLC grew its position in Dominion Energy by 282.4% during the third quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock worth $35,000 after buying an additional 449 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Scotiabank lifted their price target on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Barclays lifted 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. Morgan Stanley initiated 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. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a research note on Friday, November 8th. Eleven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $56.58.

Dominion Energy Trading Up 0.8 %

Shares of D opened at $55.73 on Wednesday. Dominion Energy, Inc. has a twelve month low of $43.53 and a twelve month high of $61.97. The firm has a market capitalization of $46.81 billion, a P/E ratio of 19.55, a price-to-earnings-growth ratio of 1.18 and a beta of 0.61. 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 stock’s fifty day simple moving average is $54.47 and its 200 day simple moving average is $56.25.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.79%. The ex-dividend date is Friday, February 28th. 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.