Dominion Energy, Inc. (NYSE:D) Position Lowered by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC decreased its stake in shares of Dominion Energy, Inc. (NYSE:D) by 5.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,060 shares of the utilities provider’s stock after selling 1,014 shares during the period. EverSource Wealth Advisors LLC’s holdings in Dominion Energy were worth $973,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of D. Cape Investment Advisory Inc. boosted its holdings in shares of Dominion Energy by 175.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 300 shares in the last quarter. BankPlus Trust Department bought a new stake in Dominion Energy during the fourth quarter worth approximately $26,000. Roble Belko & Company Inc bought a new stake in Dominion Energy during the fourth quarter worth approximately $27,000. Fairway Wealth LLC acquired a new position in Dominion Energy in the 4th quarter worth approximately $27,000. Finally, Frazier Financial Advisors LLC acquired a new position in Dominion Energy in the 3rd quarter worth approximately $32,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Performance

Shares of D opened at $54.08 on Friday. The company has a market capitalization of $46.08 billion, a PE ratio of 20.03, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59. Dominion Energy, Inc. has a one year low of $46.56 and a one year high of $61.97. 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’s fifty day moving average price is $55.12 and its 200 day moving average price is $56.36.

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

Dominion Energy Dividend Announcement

The business also recently declared 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 is Friday, February 28th. This represents a $2.67 annualized dividend and a yield of 4.94%. Dominion Energy’s dividend payout ratio is 98.89%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Morgan Stanley assumed coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price objective for the company. Scotiabank raised their price target on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. raised their price target on shares of Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $57.18.

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.