Good Life Advisors LLC Sells 1,857 Shares of Dominion Energy, Inc. (NYSE:D)

Good Life Advisors LLC lessened its position in Dominion Energy, Inc. (NYSE:D) by 14.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,167 shares of the utilities provider’s stock after selling 1,857 shares during the period. Good Life Advisors LLC’s holdings in Dominion Energy were worth $601,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Vontobel Holding Ltd. acquired a new position in Dominion Energy during the third quarter worth approximately $389,000. Howard Capital Management Group LLC bought a new position in shares of Dominion Energy during the 3rd quarter worth approximately $210,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Dominion Energy by 0.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 247,770 shares of the utilities provider’s stock worth $14,319,000 after acquiring an additional 1,130 shares during the last quarter. Foundations Investment Advisors LLC raised its stake in Dominion Energy by 12.5% in the 3rd quarter. Foundations Investment Advisors LLC now owns 11,398 shares of the utilities provider’s stock valued at $659,000 after acquiring an additional 1,262 shares during the period. Finally, Oakworth Capital Inc. lifted its holdings in Dominion Energy by 48.4% during the 3rd quarter. Oakworth Capital Inc. now owns 1,410 shares of the utilities provider’s stock valued at $81,000 after purchasing an additional 460 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on D. The Goldman Sachs Group reiterated a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a report on Friday, November 8th. Morgan Stanley initiated coverage on shares of Dominion Energy in a report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price target on the stock. Finally, Scotiabank boosted their price objective on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Eleven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $56.58.

Dominion Energy Stock Up 0.1 %

NYSE D opened at $55.69 on Thursday. The company has a market cap of $46.78 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 1.21 and a beta of 0.61. Dominion Energy, Inc. has a 1-year low of $44.17 and a 1-year high of $61.97. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The company has a 50 day moving average of $54.46 and a 200-day moving average of $56.32.

Dominion Energy (NYSE:D) last released its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates 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, equities research analysts expect that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is presently 98.89%.

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.