1834 Investment Advisors Co. Lowers Stock Position in Dominion Energy, Inc. (NYSE:D)

1834 Investment Advisors Co. trimmed its position in Dominion Energy, Inc. (NYSE:D) by 6.2% in the 4th quarter, HoldingsChannel reports. The fund owned 110,863 shares of the utilities provider’s stock after selling 7,361 shares during the quarter. 1834 Investment Advisors Co.’s holdings in Dominion Energy were worth $5,971,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Barclays raised their target price on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a report on Friday, November 8th. Scotiabank increased their price target on 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 Dominion Energy in a report 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 issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $56.58.

Dominion Energy Stock Up 0.5 %

Shares of D opened at $53.48 on Friday. 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, Inc. has a 52-week low of $43.53 and a 52-week high of $61.97. The company has a market cap of $44.93 billion, a PE ratio of 18.77, a P/E/G ratio of 1.15 and a beta of 0.60. The business has a fifty day moving average of $55.20 and a 200 day moving average of $55.89.

Dominion Energy (NYSE:D) last released its quarterly earnings results 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 net margin of 16.95% and a return on equity of 8.35%. The firm had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same period in the previous year, the company earned $0.77 EPS. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, sell-side analysts expect that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.99%. The ex-dividend date was Friday, November 29th. Dominion Energy’s dividend payout ratio is currently 93.68%.

Dominion Energy 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.