Conning Inc. Sells 1,065 Shares of Dominion Energy, Inc. (NYSE:D)

Conning Inc. lowered its stake in shares of Dominion Energy, Inc. (NYSE:D) by 3.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,365 shares of the utilities provider’s stock after selling 1,065 shares during the quarter. Conning Inc.’s holdings in Dominion Energy were worth $1,797,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Sanctuary Wealth Management L.L.C. acquired a new position in shares of Dominion Energy in the third quarter valued at $28,000. Roble Belko & Company Inc acquired a new position in shares of Dominion Energy in the 4th quarter valued at $27,000. Frazier Financial Advisors LLC bought a new position in shares of Dominion Energy during the 3rd quarter worth about $32,000. Dunhill Financial LLC boosted 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 valued at $33,000 after acquiring an additional 487 shares in the last quarter. Finally, Larson Financial Group LLC increased its stake in Dominion Energy by 282.4% in 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 during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Trading Up 0.5 %

D opened at $54.64 on Friday. Dominion Energy, Inc. has a 1-year low of $43.53 and a 1-year high of $61.97. The stock has a market capitalization of $45.90 billion, a PE ratio of 19.17, a PEG ratio of 1.18 and a beta of 0.61. 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 firm has a 50-day moving average price of $54.59 and a two-hundred day moving average price of $56.14.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be given a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.89%. The ex-dividend date is Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is presently 93.68%.

Analyst Ratings Changes

D has been the subject of a number of analyst reports. Scotiabank raised their price target on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Morgan Stanley initiated coverage on Dominion Energy in a research note on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price target on the stock. Barclays increased 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. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a research note on Friday, November 8th. Eleven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target 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.