Hendershot Investments Inc. Cuts Stock Position in Dominion Energy, Inc. (NYSE:D)

Hendershot Investments Inc. lessened its position in shares of Dominion Energy, Inc. (NYSE:D) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,408 shares of the utilities provider’s stock after selling 300 shares during the quarter. Hendershot Investments Inc.’s holdings in Dominion Energy were worth $614,000 as of its most recent SEC filing.

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

Dominion Energy Price Performance

NYSE:D opened at $54.64 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The company has a 50 day moving average price of $54.51 and a 200-day moving average price of $56.16. Dominion Energy, Inc. has a 1-year low of $43.53 and a 1-year high of $61.97. The firm has a market cap of $45.90 billion, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 1.18 and a beta of 0.61.

Dominion Energy Announces Dividend

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

Wall Street Analyst Weigh In

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