Bartlett & CO. Wealth Management LLC Has $176,000 Stock Position in Dominion Energy, Inc. (NYSE:D)

Bartlett & CO. Wealth Management LLC decreased its stake in Dominion Energy, Inc. (NYSE:D) by 45.5% during the 4th quarter, HoldingsChannel reports. The fund owned 3,264 shares of the utilities provider’s stock after selling 2,722 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Dominion Energy were worth $176,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of D. Thrivent Financial for Lutherans grew its stake in shares of Dominion Energy by 2.2% in the second quarter. Thrivent Financial for Lutherans now owns 54,018 shares of the utilities provider’s stock worth $2,647,000 after acquiring an additional 1,163 shares during the last quarter. Evergreen Capital Management LLC boosted its stake in Dominion Energy by 7.1% during the second quarter. Evergreen Capital Management LLC now owns 5,114 shares of the utilities provider’s stock worth $251,000 after buying an additional 340 shares in the last quarter. Bank of Montreal Can boosted its stake in Dominion Energy by 21.0% during the second quarter. Bank of Montreal Can now owns 829,522 shares of the utilities provider’s stock worth $42,671,000 after buying an additional 144,139 shares in the last quarter. Marshall Wace LLP acquired a new stake in Dominion Energy during the second quarter worth $1,651,000. Finally, AQR Capital Management LLC boosted its stake in Dominion Energy by 201.9% during the second quarter. AQR Capital Management LLC now owns 33,747 shares of the utilities provider’s stock worth $1,654,000 after buying an additional 22,567 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Up 0.5 %

Shares of NYSE D opened at $53.48 on Friday. The firm’s 50-day simple moving average is $55.28 and its 200 day simple moving average is $55.86. The company has a market cap of $44.93 billion, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 1.15 and a beta of 0.60. 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 12-month low of $43.53 and a 12-month high of $61.97.

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

Dominion Energy Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a yield of 4.99%. Dominion Energy’s payout ratio is presently 93.68%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Barclays lifted their price target on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Morgan Stanley initiated coverage on Dominion Energy in a report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price objective for the company. Scotiabank lifted their price objective on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a report on Friday, November 8th. Eleven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and an average target price of $56.58.

Dominion Energy Company 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.