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

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

Several other large investors also recently made changes to their positions in the business. Oppenheimer & Co. Inc. raised its holdings in Dominion Energy by 22.8% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 69,343 shares of the utilities provider’s stock worth $4,007,000 after buying an additional 12,890 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Dominion Energy by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,164,929 shares of the utilities provider’s stock worth $298,481,000 after acquiring an additional 43,055 shares in the last quarter. Ascent Wealth Partners LLC acquired a new stake in Dominion Energy during the 3rd quarter worth about $1,223,000. Hotchkis & Wiley Capital Management LLC grew its stake in Dominion Energy by 63.5% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider’s stock valued at $487,567,000 after acquiring an additional 3,278,175 shares in the last quarter. Finally, Barclays PLC increased its holdings in shares of Dominion Energy by 19.8% in the 3rd quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider’s stock valued at $141,739,000 after purchasing an additional 404,868 shares during the period. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Down 2.4 %

NYSE:D opened at $53.29 on Friday. The firm has a market cap of $44.76 billion, a price-to-earnings ratio of 18.70, a P/E/G ratio of 1.44 and a beta of 0.60. Dominion Energy, Inc. has a 12 month low of $43.53 and a 12 month 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. The company’s 50 day moving average is $55.82 and its 200-day moving average is $55.53.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, topping 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 business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same period in the previous year, the company posted $0.77 earnings per share. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. Equities analysts anticipate that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on D. Barclays boosted their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Jefferies Financial Group began coverage on shares of Dominion Energy in a research note on Friday, September 20th. They issued a “hold” rating and a $58.00 price target on the stock. Morgan Stanley initiated coverage on Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price objective for the company. Scotiabank upped their target price on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a report on Friday, November 8th. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus 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.