EverSource Wealth Advisors LLC Has $973,000 Position in Dominion Energy, Inc. (NYSE:D)

EverSource Wealth Advisors LLC reduced its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 5.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,060 shares of the utilities provider’s stock after selling 1,014 shares during the period. EverSource Wealth Advisors LLC’s holdings in Dominion Energy were worth $973,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC boosted its stake in Dominion Energy by 6.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 19,429 shares of the utilities provider’s stock worth $1,046,000 after purchasing an additional 1,144 shares in the last quarter. Saturna Capital Corp increased its stake in shares of Dominion Energy by 17.3% in the fourth quarter. Saturna Capital Corp now owns 12,200 shares of the utilities provider’s stock valued at $657,000 after buying an additional 1,800 shares in the last quarter. Moors & Cabot Inc. increased its stake in shares of Dominion Energy by 10.5% in the fourth quarter. Moors & Cabot Inc. now owns 28,053 shares of the utilities provider’s stock valued at $1,511,000 after buying an additional 2,664 shares in the last quarter. AGF Management Ltd. acquired a new stake in shares of Dominion Energy in the fourth quarter valued at $2,415,000. Finally, Fairway Wealth LLC acquired a new stake in shares of Dominion Energy in the fourth quarter valued at $27,000. 73.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. raised their price target on Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday. Morgan Stanley initiated coverage on Dominion Energy in a report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 target price on the stock. Finally, 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. Eleven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $57.18.

Dominion Energy Stock Up 0.7 %

Shares of Dominion Energy stock opened at $54.08 on Friday. The business’s 50 day simple moving average is $55.12 and its 200 day simple moving average is $56.36. Dominion Energy, Inc. has a 52-week low of $46.56 and a 52-week high of $61.97. The firm has a market cap of $46.08 billion, a PE ratio of 20.03, a P/E/G ratio of 1.22 and a beta of 0.59. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share 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%. On average, analysts predict that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

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 given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.94%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is 98.89%.

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.