Cetera Investment Advisers Sells 12,641 Shares of Dominion Energy, Inc. (NYSE:D)

Cetera Investment Advisers lessened its stake in Dominion Energy, Inc. (NYSE:D - Free Report) by 6.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 173,854 shares of the utilities provider's stock after selling 12,641 shares during the quarter. Cetera Investment Advisers' holdings in Dominion Energy were worth $9,364,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Simon Quick Advisors LLC lifted its holdings in shares of Dominion Energy by 4.5% during the fourth quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider's stock valued at $229,000 after purchasing an additional 184 shares in the last quarter. Cadence Bank grew its stake in shares of Dominion Energy by 2.0% in the fourth quarter. Cadence Bank now owns 9,561 shares of the utilities provider's stock worth $515,000 after acquiring an additional 189 shares during the period. Choate Investment Advisors lifted its position in Dominion Energy by 5.4% during the fourth quarter. Choate Investment Advisors now owns 3,880 shares of the utilities provider's stock valued at $209,000 after purchasing an additional 198 shares during the period. Eagle Strategies LLC grew its position in Dominion Energy by 6.0% in the 4th quarter. Eagle Strategies LLC now owns 3,759 shares of the utilities provider's stock worth $202,000 after purchasing an additional 212 shares during the period. Finally, Covestor Ltd raised its stake in Dominion Energy by 16.9% during the 4th quarter. Covestor Ltd now owns 1,504 shares of the utilities provider's stock valued at $81,000 after buying an additional 217 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company's stock.

Analyst Upgrades and Downgrades

D has been the subject of several research analyst reports. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $52.00 price objective (down previously from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. UBS Group upped their price target on shares of Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Argus upgraded shares of Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. Finally, Morgan Stanley upped their target price on shares of Dominion Energy from $60.00 to $63.00 and gave the company an "equal weight" rating in a report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $58.75.

Dominion Energy Price Performance

Shares of NYSE D traded up $0.98 during midday trading on Thursday, reaching $54.98. The stock had a trading volume of 5,850,843 shares, compared to its average volume of 4,431,847. The company has a market capitalization of $46.89 billion, a price-to-earnings ratio of 20.36, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57. Dominion Energy, Inc. has a 12-month low of $47.99 and a 12-month high of $61.97. The stock has a 50-day moving average of $53.93 and a 200-day moving average of $55.14. 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 - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.93 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.11. The firm had revenue of $4.08 billion during the quarter, compared to analyst estimates of $3.95 billion. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. The business's quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.55 earnings per share. As a group, research analysts anticipate that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Thursday, May 29th will be given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.86%. The ex-dividend date is Thursday, May 29th. Dominion Energy's payout ratio is currently 100.00%.

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.