Dominion Energy, Inc. (NYSE:D) Stock Holdings Lessened by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lowered its position in shares of Dominion Energy, Inc. (NYSE:D) by 4.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 130,845 shares of the utilities provider’s stock after selling 6,196 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Dominion Energy were worth $7,047,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of D. BankPlus Trust Department acquired a new position in Dominion Energy during the 4th quarter valued at about $26,000. Roble Belko & Company Inc acquired a new stake in shares of Dominion Energy in the 4th quarter worth approximately $27,000. Sanctuary Wealth Management L.L.C. bought a new position in shares of Dominion Energy in the third quarter valued at approximately $28,000. Frazier Financial Advisors LLC acquired a new position in shares of Dominion Energy during the third quarter valued at approximately $32,000. Finally, Dunhill Financial LLC raised its holdings in Dominion Energy by 601.2% during the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 487 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Up 0.2 %

Shares of NYSE D opened at $56.60 on Friday. Dominion Energy, Inc. has a 12 month low of $44.17 and a 12 month high of $61.97. The company has a market cap of $47.54 billion, a price-to-earnings ratio of 20.96, a P/E/G ratio of 1.22 and a beta of 0.61. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The business has a fifty day simple moving average of $54.94 and a 200-day simple moving average of $56.43.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. Sell-side analysts predict that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.6675 per share. The ex-dividend date is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.72%. Dominion Energy’s dividend payout ratio is currently 98.89%.

Wall Street Analyst Weigh In

D has been the topic of several recent analyst reports. Scotiabank boosted their target price on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. The Goldman Sachs Group reissued a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a report on Friday, November 8th. 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 target price on the stock. Eleven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock 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.