MKT Advisors LLC Lowers Stock Holdings in Dominion Energy, Inc. (NYSE:D)

MKT Advisors LLC reduced its stake in Dominion Energy, Inc. (NYSE:D) by 15.3% during the 4th quarter, HoldingsChannel reports. The firm owned 4,424 shares of the utilities provider’s stock after selling 797 shares during the period. MKT Advisors LLC’s holdings in Dominion Energy were worth $245,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Roble Belko & Company Inc purchased a new stake in shares of Dominion Energy in the fourth quarter worth about $27,000. Sanctuary Wealth Management L.L.C. acquired a new stake in shares of Dominion Energy during the 3rd quarter worth approximately $28,000. Frazier Financial Advisors LLC acquired a new stake in shares of Dominion Energy during the 3rd quarter worth approximately $32,000. Dunhill Financial LLC grew its holdings in Dominion Energy by 601.2% in the 3rd 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 boosted its stake in Dominion Energy by 282.4% during the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 449 shares in the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on D shares. Barclays raised their price objective on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. 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 objective for the company. The Goldman Sachs Group reissued a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th. Finally, Scotiabank increased their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Eleven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Dominion Energy currently has an average rating of “Hold” and an average target price of $56.58.

Dominion Energy Stock Performance

Shares of D stock opened at $53.48 on Friday. The firm’s 50 day moving average is $55.20 and its 200 day moving average is $55.89. 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 has a market capitalization of $44.93 billion, a P/E ratio of 18.77, a PEG ratio of 1.15 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.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.05. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The business had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same quarter in the prior year, the company posted $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 anticipate that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.99%. The ex-dividend date of this dividend 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.