Dominion Energy, Inc. (NYSE:D) Shares Sold by Colonial River Investments LLC

Colonial River Investments LLC decreased its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 8.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,134 shares of the utilities provider’s stock after selling 3,640 shares during the quarter. Dominion Energy comprises about 1.0% of Colonial River Investments LLC’s investment portfolio, making the stock its 27th biggest position. Colonial River Investments LLC’s holdings in Dominion Energy were worth $2,054,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Fjarde AP Fonden Fourth Swedish National Pension Fund purchased a new position in shares of Dominion Energy in the 4th quarter worth $8,343,000. Ascent Wealth Partners LLC raised its position in shares of Dominion Energy by 2.5% in the 4th quarter. Ascent Wealth Partners LLC now owns 21,683 shares of the utilities provider’s stock worth $1,168,000 after buying an additional 525 shares during the period. Howard Capital Management Inc. raised its position in shares of Dominion Energy by 17.0% in the 4th quarter. Howard Capital Management Inc. now owns 6,922 shares of the utilities provider’s stock worth $373,000 after buying an additional 1,007 shares during the period. TCW Group Inc. raised its position in shares of Dominion Energy by 2.6% in the 4th quarter. TCW Group Inc. now owns 11,748 shares of the utilities provider’s stock worth $633,000 after buying an additional 294 shares during the period. Finally, Sigma Planning Corp raised its position in shares of Dominion Energy by 3.9% in the 4th quarter. Sigma Planning Corp now owns 24,114 shares of the utilities provider’s stock worth $1,299,000 after buying an additional 910 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on D shares. Morgan Stanley started coverage on Dominion Energy in a research report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 target price on the stock. Scotiabank raised their price objective on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. Eleven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $56.58.

Dominion Energy Stock Up 1.9 %

Shares of NYSE D opened at $57.38 on Monday. Dominion Energy, Inc. has a 1 year low of $44.17 and a 1 year high of $61.97. The firm has a market cap of $48.20 billion, a price-to-earnings ratio of 21.25, a PEG ratio of 1.22 and a beta of 0.61. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The stock’s 50-day simple moving average is $54.58 and its 200-day simple moving average is $56.37.

Dominion Energy (NYSE:D) last announced its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. As a group, equities analysts anticipate that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be paid 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 yield of 4.65%. Dominion Energy’s dividend payout ratio (DPR) is 98.89%.

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.