Titleist Asset Management LLC Sells 1,275 Shares of Dominion Energy, Inc. (NYSE:D)

Titleist Asset Management LLC lowered its holdings in Dominion Energy, Inc. (NYSE:D) by 25.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,752 shares of the utilities provider’s stock after selling 1,275 shares during the period. Titleist Asset Management LLC’s holdings in Dominion Energy were worth $202,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in D. Ilmarinen Mutual Pension Insurance Co grew its stake in Dominion Energy by 36.5% in the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 116,000 shares of the utilities provider’s stock valued at $6,248,000 after purchasing an additional 31,000 shares in the last quarter. Payden & Rygel acquired a new stake in shares of Dominion Energy in the 4th quarter valued at approximately $10,734,000. Wedbush Securities Inc. increased its holdings in Dominion Energy by 8.9% during the fourth quarter. Wedbush Securities Inc. now owns 10,760 shares of the utilities provider’s stock worth $580,000 after buying an additional 876 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new stake in Dominion Energy during the fourth quarter worth $14,678,000. Finally, Smith Moore & CO. lifted its stake in Dominion Energy by 13.6% in the fourth quarter. Smith Moore & CO. now owns 8,392 shares of the utilities provider’s stock valued at $452,000 after acquiring an additional 1,002 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Scotiabank boosted their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Morgan Stanley raised their price objective on Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Thursday, March 20th. UBS Group boosted their target price on Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Argus raised Dominion Energy to a “hold” rating in a report on Tuesday, March 25th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, March 11th. Thirteen equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Dominion Energy has a consensus rating of “Hold” and an average target price of $57.58.

Dominion Energy Price Performance

NYSE:D opened at $50.81 on Tuesday. Dominion Energy, Inc. has a 52 week low of $46.62 and a 52 week high of $61.97. 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 firm’s 50-day simple moving average is $55.21 and its 200 day simple moving average is $56.04. The firm has a market cap of $43.30 billion, a price-to-earnings ratio of 18.82, a P/E/G ratio of 1.22 and a beta of 0.57.

Dominion Energy (NYSE:D) last announced its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 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, sell-side analysts predict that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were issued a $0.6675 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.67 annualized dividend and a yield of 5.26%. Dominion Energy’s dividend payout ratio is presently 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.