Liberty One Investment Management LLC Sells 2,164 Shares of Dominion Energy, Inc. (NYSE:D)

Liberty One Investment Management LLC trimmed its position in Dominion Energy, Inc. (NYSE:D) by 14.5% during the 4th quarter, HoldingsChannel reports. The firm owned 12,799 shares of the utilities provider’s stock after selling 2,164 shares during the quarter. Liberty One Investment Management LLC’s holdings in Dominion Energy were worth $689,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Oppenheimer & Co. Inc. lifted its position in Dominion Energy by 22.8% during the third quarter. Oppenheimer & Co. Inc. now owns 69,343 shares of the utilities provider’s stock valued at $4,007,000 after purchasing an additional 12,890 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Dominion Energy by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,164,929 shares of the utilities provider’s stock worth $298,481,000 after acquiring an additional 43,055 shares during the last quarter. Ascent Wealth Partners LLC purchased a new stake in Dominion Energy during the third quarter valued at approximately $1,223,000. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Dominion Energy by 63.5% in the 3rd 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 during the period. Finally, Barclays PLC boosted its stake in Dominion Energy by 19.8% during the third quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider’s stock worth $141,739,000 after buying an additional 404,868 shares during the period. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Trading Up 0.5 %

NYSE:D opened at $55.34 on Friday. The stock has a market capitalization of $46.49 billion, a price-to-earnings ratio of 19.42, a PEG ratio of 1.16 and a beta of 0.60. Dominion Energy, Inc. has a 52 week low of $43.53 and a 52 week high of $61.97. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The firm has a 50 day moving average of $55.49 and a 200 day moving average of $55.71.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.05. The firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.77 earnings per share. As a group, sell-side analysts anticipate that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date of this dividend was Friday, November 29th. Dominion Energy’s dividend payout ratio is presently 93.68%.

Analysts Set New Price Targets

Several brokerages have issued reports on D. Barclays boosted their target price on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Scotiabank boosted their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th. Finally, Morgan Stanley assumed coverage on Dominion Energy in a report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price target for the company. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Dominion Energy presently has a consensus rating of “Hold” and a consensus price target of $56.58.

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.