Oakbrook Investments LLC Sells 10,812 Shares of Dominion Energy Inc (NYSE:D)

Oakbrook Investments LLC decreased its stake in shares of Dominion Energy Inc (NYSE:D) by 52.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,734 shares of the utilities provider’s stock after selling 10,812 shares during the period. Oakbrook Investments LLC’s holdings in Dominion Energy were worth $806,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Prestige Wealth Management Group LLC grew its position in Dominion Energy by 313.3% in the third quarter. Prestige Wealth Management Group LLC now owns 310 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 235 shares in the last quarter. Peddock Capital Advisors LLC bought a new position in Dominion Energy in the fourth quarter valued at $25,000. Braun Bostich & Associates Inc. bought a new position in Dominion Energy in the fourth quarter valued at $25,000. Manchester Financial Inc. bought a new position in Dominion Energy in the fourth quarter valued at $29,000. Finally, Vista Private Wealth Partners. LLC bought a new position in Dominion Energy in the third quarter valued at $37,000. 65.43% of the stock is owned by institutional investors.

D stock traded up $1.07 during trading hours on Friday, reaching $87.31. The stock had a trading volume of 1,485,986 shares, compared to its average volume of 2,760,044. The stock has a market capitalization of $69.63 billion, a PE ratio of 65.64, a price-to-earnings-growth ratio of 4.19 and a beta of 0.22. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.51 and a quick ratio of 0.37. The stock has a 50-day simple moving average of $83.52 and a 200 day simple moving average of $80.76. Dominion Energy Inc has a fifty-two week low of $72.61 and a fifty-two week high of $86.91.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Tuesday, February 11th. The utilities provider reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.02. The firm had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.48 billion. Dominion Energy had a net margin of 6.40% and a return on equity of 11.65%. The company’s revenue for the quarter was up 33.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.89 earnings per share. On average, sell-side analysts forecast that Dominion Energy Inc will post 4.21 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 28th will be paid a $0.94 dividend. The ex-dividend date is Thursday, February 27th. This represents a $3.76 dividend on an annualized basis and a yield of 4.31%. This is a boost from Dominion Energy’s previous quarterly dividend of $0.92. Dominion Energy’s dividend payout ratio (DPR) is currently 90.62%.

D has been the subject of a number of analyst reports. Wells Fargo & Co reaffirmed a “hold” rating on shares of Dominion Energy in a research report on Friday, November 1st. Morgan Stanley raised their target price on shares of Dominion Energy from $89.00 to $91.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $79.00 target price on shares of Dominion Energy in a research report on Sunday, January 19th. Argus raised their target price on shares of Dominion Energy from $83.00 to $87.00 and gave the company a “buy” rating in a research report on Tuesday, December 24th. Finally, Citigroup raised their target price on shares of Dominion Energy from $79.00 to $87.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. Dominion Energy presently has an average rating of “Hold” and an average target price of $83.33.

Dominion Energy Company Profile

Dominion Energy, Inc produces and transports energy. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities.

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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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