ICW Investment Advisors LLC Has $396,000 Stock Holdings in Dominion Energy, Inc. (NYSE:D)

ICW Investment Advisors LLC cut its stake in Dominion Energy, Inc. (NYSE:D) by 18.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,348 shares of the utilities provider’s stock after selling 1,639 shares during the quarter. ICW Investment Advisors LLC’s holdings in Dominion Energy were worth $396,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of D. Hotchkis & Wiley Capital Management LLC boosted its holdings in 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 purchasing an additional 3,278,175 shares in the last quarter. American Century Companies Inc. boosted its holdings in Dominion Energy by 207.7% during the fourth quarter. American Century Companies Inc. now owns 3,763,898 shares of the utilities provider’s stock valued at $202,724,000 after acquiring an additional 2,540,713 shares during the period. Point72 Asset Management L.P. boosted its holdings in Dominion Energy by 10,324.8% during the third quarter. Point72 Asset Management L.P. now owns 2,250,811 shares of the utilities provider’s stock valued at $130,074,000 after acquiring an additional 2,229,220 shares during the period. State Street Corp boosted its holdings in Dominion Energy by 3.2% during the third quarter. State Street Corp now owns 44,297,832 shares of the utilities provider’s stock valued at $2,559,972,000 after acquiring an additional 1,365,555 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Dominion Energy during the fourth quarter valued at about $71,409,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

D has been the subject of a number of research analyst reports. UBS Group upped their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday. Morgan Stanley increased their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Thursday. Scotiabank boosted 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. upped their target price on shares of Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 11th. Twelve research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $57.58.

Dominion Energy Stock Down 0.9 %

Dominion Energy stock opened at $54.51 on Monday. The stock has a market cap of $46.44 billion, a P/E ratio of 20.19, a P/E/G ratio of 1.22 and a beta of 0.59. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a twelve month low of $46.56 and a twelve month high of $61.97. The company’s 50-day moving average price is $55.19 and its two-hundred day moving average price is $56.29.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, beating 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 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were given a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.90%. Dominion Energy’s payout ratio is presently 98.89%.

About Dominion Energy

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.