Focus Partners Advisor Solutions LLC Has $534,000 Stake in Dominion Energy, Inc. (NYSE:D)

Focus Partners Advisor Solutions LLC lessened its stake in Dominion Energy, Inc. (NYSE:D - Free Report) by 32.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,908 shares of the utilities provider's stock after selling 4,657 shares during the period. Focus Partners Advisor Solutions LLC's holdings in Dominion Energy were worth $534,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Dominion Energy by 450.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider's stock worth $25,000 after purchasing an additional 378 shares during the period. Cape Investment Advisory Inc. boosted its holdings in Dominion Energy by 175.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider's stock worth $25,000 after purchasing an additional 300 shares during the period. BankPlus Trust Department acquired a new position in Dominion Energy in the fourth quarter worth $26,000. Fairway Wealth LLC acquired a new position in Dominion Energy in the fourth quarter worth $27,000. Finally, CBIZ Investment Advisory Services LLC boosted its holdings in Dominion Energy by 100.4% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider's stock worth $28,000 after purchasing an additional 260 shares during the period. Institutional investors own 73.04% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on D. UBS Group boosted their price target on shares of Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a report on Friday, March 21st. 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. Morgan Stanley reduced their price objective on shares of Dominion Energy from $63.00 to $62.00 and set an "equal weight" rating for the company in a report on Thursday, May 22nd. Finally, Argus raised shares of Dominion Energy to a "hold" rating in a report on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Dominion Energy currently has a consensus rating of "Hold" and an average target price of $58.63.

Dominion Energy Trading Up 1.0%

NYSE D traded up $0.53 on Thursday, hitting $55.74. 1,651,551 shares of the company were exchanged, compared to its average volume of 5,258,103. The company's 50 day moving average price is $54.22 and its 200-day moving average price is $54.99. 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 $47.53 billion, a P/E ratio of 20.64, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57. Dominion Energy, Inc. has a twelve month low of $47.99 and a twelve month high of $61.97.

Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.11. The firm had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $3.95 billion. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. The business's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.55 EPS. Analysts predict that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 29th will be issued a dividend of $0.6675 per share. The ex-dividend date is Thursday, May 29th. This represents a $2.67 annualized dividend and a yield of 4.79%. Dominion Energy's payout ratio is presently 100.00%.

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.