Dominion Energy, Inc. (NYSE:D) Shares Sold by Nations Financial Group Inc. IA ADV

Nations Financial Group Inc. IA ADV cut its position in shares of Dominion Energy, Inc. (NYSE:D) by 12.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,636 shares of the utilities provider’s stock after selling 1,250 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Dominion Energy were worth $465,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Roble Belko & Company Inc acquired a new position in Dominion Energy in the fourth quarter valued at approximately $27,000. Sanctuary Wealth Management L.L.C. purchased a new stake in Dominion Energy in the third quarter valued at $28,000. Frazier Financial Advisors LLC acquired a new position in shares of Dominion Energy in the 3rd quarter valued at $32,000. Dunhill Financial LLC increased its position in shares of Dominion Energy by 601.2% during the 3rd 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 last quarter. Finally, Larson Financial Group LLC increased its position in shares of 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 purchasing an additional 449 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Stock Performance

Shares of D opened at $55.58 on Tuesday. The stock has a 50-day simple moving average of $54.42 and a 200-day simple moving average of $56.33. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. Dominion Energy, Inc. has a 1 year low of $44.17 and a 1 year high of $61.97. The stock has a market capitalization of $46.68 billion, a PE ratio of 19.50, a PEG ratio of 1.18 and a beta of 0.61.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, topping the consensus estimate of $0.54 by $0.04. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. On average, analysts predict that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is 93.68%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on D. Morgan Stanley began coverage on shares of 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. Scotiabank lifted their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Finally, 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. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $56.58.

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.