Sheets Smith Wealth Management Has $321,000 Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Sheets Smith Wealth Management decreased its stake in shares of Dominion Energy, Inc. (NYSE:D) by 4.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,954 shares of the utilities provider’s stock after selling 260 shares during the quarter. Sheets Smith Wealth Management’s holdings in Dominion Energy were worth $321,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Roble Belko & Company Inc bought a new position in Dominion Energy during the fourth quarter worth about $27,000. Sanctuary Wealth Management L.L.C. bought a new position in shares of Dominion Energy during the 3rd quarter worth approximately $28,000. Frazier Financial Advisors LLC acquired a new position in shares of Dominion Energy during the 3rd quarter worth approximately $32,000. Dunhill Financial LLC raised its stake in Dominion Energy by 601.2% in the 3rd 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 lifted its holdings in Dominion Energy by 282.4% during the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 449 shares during the last quarter. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Down 5.3 %

D opened at $52.93 on Thursday. 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 twelve month low of $43.53 and a twelve month high of $61.97. The stock has a market capitalization of $44.46 billion, a price-to-earnings ratio of 18.57, a P/E/G ratio of 1.22 and a beta of 0.60. The company has a 50-day simple moving average of $55.41 and a 200 day simple moving average of $55.90.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.05. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same quarter last year, the business posted $0.77 EPS. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. Analysts predict that Dominion Energy, Inc. will post 2.76 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were given a dividend of $0.6675 per share. The ex-dividend date was Friday, November 29th. This represents a $2.67 annualized dividend and a dividend yield of 5.04%. Dominion Energy’s dividend payout ratio is currently 93.68%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on D. Morgan Stanley began coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They set an “equal weight” rating and a $61.00 target price for the company. The Goldman Sachs Group restated a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. Scotiabank upped their target price on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Finally, Barclays lifted their price target on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $56.58.

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.