Dominion Energy, Inc. (NYSE:D) Shares Sold by Colonial River Investments LLC

Colonial River Investments LLC trimmed its position in Dominion Energy, Inc. (NYSE:D) by 8.7% in the fourth quarter, Holdings Channel reports. The firm owned 38,134 shares of the utilities provider’s stock after selling 3,640 shares during the quarter. Dominion Energy accounts for 1.0% of Colonial River Investments LLC’s holdings, making the stock its 27th biggest holding. Colonial River Investments LLC’s holdings in Dominion Energy were worth $2,054,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Sanctuary Wealth Management L.L.C. acquired a new position in Dominion Energy in the third quarter valued at approximately $28,000. Roble Belko & Company Inc acquired a new position in Dominion Energy in the fourth quarter valued at approximately $27,000. Frazier Financial Advisors LLC acquired a new position in Dominion Energy in the third quarter valued at approximately $32,000. Dunhill Financial LLC boosted its stake in Dominion Energy by 601.2% in the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 487 shares during the period. Finally, Larson Financial Group LLC boosted its stake in Dominion Energy by 282.4% in the third quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 449 shares during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

D has been the topic of a number of recent analyst reports. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a report on Friday, November 8th. 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 target on the stock. Finally, Scotiabank lifted their price target on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Eleven investment analysts have rated the stock with a hold rating and two have assigned 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 price target of $56.58.

Dominion Energy Price Performance

Shares of NYSE:D opened at $57.38 on Monday. Dominion Energy, Inc. has a 12 month low of $44.17 and a 12 month high of $61.97. The stock has a market cap of $48.20 billion, a price-to-earnings ratio of 21.25, a PEG ratio of 1.22 and a beta of 0.61. The stock’s 50 day moving average price is $54.58 and its 200 day moving average price is $56.37. 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 (NYSE:D) last announced its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, topping the consensus estimate of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. Equities research analysts anticipate that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

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

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.