Dominion Energy, Inc. (NYSE:D) Position Lessened by Pathstone Holdings LLC

Pathstone Holdings LLC decreased its stake in Dominion Energy, Inc. (NYSE:D) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 335,197 shares of the utilities provider’s stock after selling 2,804 shares during the period. Pathstone Holdings LLC’s holdings in Dominion Energy were worth $18,054,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Barclays PLC raised its stake in Dominion Energy by 19.8% during the 3rd quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider’s stock valued at $141,739,000 after acquiring an additional 404,868 shares in the last quarter. HB Wealth Management LLC raised its position in shares of Dominion Energy by 15.6% during the 4th quarter. HB Wealth Management LLC now owns 35,993 shares of the utilities provider’s stock worth $1,939,000 after buying an additional 4,861 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Dominion Energy by 12.2% during the 4th quarter. Pacer Advisors Inc. now owns 70,213 shares of the utilities provider’s stock worth $3,782,000 after buying an additional 7,632 shares in the last quarter. Greenwood Capital Associates LLC bought a new stake in shares of Dominion Energy during the 4th quarter worth about $1,027,000. Finally, Teamwork Financial Advisors LLC bought a new stake in shares of Dominion Energy during the 4th quarter worth about $498,000. Institutional investors own 73.04% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on D shares. UBS Group boosted their price target on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $52.00 price objective (down previously from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. Morgan Stanley boosted their price objective on Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. Finally, Argus raised Dominion Energy to a “hold” rating in a research note on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and an average price target of $58.75.

Dominion Energy Stock Up 0.0%

NYSE D opened at $53.83 on Thursday. The company’s 50 day simple moving average is $53.93 and its 200 day simple moving average is $55.14. The company has a market capitalization of $45.91 billion, a P/E ratio of 19.94, a PEG ratio of 1.22 and a beta of 0.57. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. Dominion Energy, Inc. has a 12 month low of $47.99 and a 12 month high of $61.97.

Dominion Energy (NYSE:D) last announced its earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. The company had revenue of $4.08 billion for the quarter, compared to analyst estimates of $3.95 billion. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. Dominion Energy’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.55 earnings per share. Equities research analysts expect that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Thursday, May 29th will be issued a dividend of $0.6675 per share. The ex-dividend date is Thursday, May 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.96%. Dominion Energy’s dividend payout ratio is currently 100.00%.

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.