Global Retirement Partners LLC Reduces Position in Dominion Energy, Inc. (NYSE:D)

Global Retirement Partners LLC lessened its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 3.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,931 shares of the utilities provider’s stock after selling 492 shares during the period. Global Retirement Partners LLC’s holdings in Dominion Energy were worth $750,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Roble Belko & Company Inc bought a new stake in shares of Dominion Energy during the fourth quarter valued at approximately $27,000. Sanctuary Wealth Management L.L.C. bought a new stake in shares of Dominion Energy during the third quarter valued at approximately $28,000. Frazier Financial Advisors LLC bought a new stake in shares of Dominion Energy during the third quarter valued at approximately $32,000. Dunhill Financial LLC raised 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 valued at $33,000 after acquiring an additional 487 shares in the last quarter. Finally, Larson Financial Group LLC raised its stake in shares of Dominion Energy by 282.4% during the third quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 449 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on D. 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. 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 note on Thursday, December 12th. Finally, Morgan Stanley initiated coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price target for the company. Eleven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Dominion Energy presently has a consensus rating of “Hold” and an average target price of $56.58.

Dominion Energy Price Performance

NYSE D opened at $57.38 on Friday. The firm’s fifty day simple moving average is $54.58 and its two-hundred day simple moving average is $56.36. 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 12-month low of $44.17 and a 12-month high of $61.97. The firm has a market capitalization of $48.20 billion, a P/E ratio of 21.25, a P/E/G ratio of 1.22 and a beta of 0.61.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. Analysts forecast that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company 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 $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.65%. The ex-dividend date is Friday, February 28th. Dominion Energy’s dividend payout ratio is currently 98.89%.

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.