WBI Investments LLC Sells 5,882 Shares of Dominion Energy, Inc. (NYSE:D)

WBI Investments LLC cut its position in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 10.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 52,622 shares of the utilities provider's stock after selling 5,882 shares during the quarter. WBI Investments LLC's holdings in Dominion Energy were worth $2,834,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Cape Investment Advisory Inc. increased its stake in shares of Dominion Energy by 175.4% during the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider's stock valued at $25,000 after buying an additional 300 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Dominion Energy by 450.0% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 378 shares during the period. BankPlus Trust Department purchased a new stake in shares of Dominion Energy during the 4th quarter valued at about $26,000. Fairway Wealth LLC bought a new stake in shares of Dominion Energy in the fourth quarter worth approximately $27,000. Finally, CBIZ Investment Advisory Services LLC raised its holdings in shares of Dominion Energy by 100.4% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider's stock valued at $28,000 after purchasing an additional 260 shares during the last quarter. Institutional investors own 73.04% of the company's stock.

Analyst Ratings Changes

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

Dominion Energy Stock Performance

NYSE D opened at $55.78 on Monday. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a fifty-two week low of $47.99 and a fifty-two week high of $61.97. The business has a fifty day moving average of $53.92 and a 200-day moving average of $55.03. The stock has a market cap of $47.57 billion, a price-to-earnings ratio of 20.66, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57.

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

Dominion Energy Announces Dividend

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

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