Global Retirement Partners LLC Reduces Position in Dominion Energy, Inc. (NYSE:D)

Global Retirement Partners LLC cut its stake in shares of Dominion Energy, Inc. (NYSE:D) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,931 shares of the utilities provider’s stock after selling 492 shares during the quarter. Global Retirement Partners LLC’s holdings in Dominion Energy were worth $750,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in D. Simon Quick Advisors LLC boosted its position in Dominion Energy by 4.5% in the 4th quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider’s stock valued at $229,000 after buying an additional 184 shares during the period. Cobblestone Capital Advisors LLC NY raised its holdings in shares of Dominion Energy by 2.6% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 7,786 shares of the utilities provider’s stock valued at $450,000 after purchasing an additional 195 shares in the last quarter. Passumpsic Savings Bank raised its holdings in shares of Dominion Energy by 2.7% in the 3rd quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider’s stock valued at $441,000 after purchasing an additional 199 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in shares of Dominion Energy by 3.5% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 5,920 shares of the utilities provider’s stock valued at $342,000 after purchasing an additional 200 shares in the last quarter. Finally, Busey Bank raised its holdings in shares of Dominion Energy by 3.4% in the 3rd quarter. Busey Bank now owns 6,134 shares of the utilities provider’s stock valued at $354,000 after purchasing an additional 203 shares in the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Price Performance

Shares of NYSE:D opened at $57.38 on Friday. The company’s fifty day moving average price is $54.58 and its 200 day moving average price is $56.36. Dominion Energy, Inc. has a 12 month low of $44.17 and a 12 month high of $61.97. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The firm has a market capitalization of $48.20 billion, a P/E ratio of 21.25, a P/E/G ratio of 1.22 and a beta of 0.61.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (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 fiscal year.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.65%. The ex-dividend date is Friday, February 28th. Dominion Energy’s payout ratio is currently 98.89%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on D shares. The Goldman Sachs Group restated a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a report on Friday, November 8th. Scotiabank raised their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Finally, Morgan Stanley started coverage on shares of Dominion Energy in a report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price objective on the stock. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Dominion Energy has a consensus rating of “Hold” and a consensus target price of $56.58.

About Dominion Energy

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.