Kovack Advisors Inc. Has $542,000 Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Kovack Advisors Inc. lowered its position in shares of Dominion Energy, Inc. (NYSE:D) by 11.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,062 shares of the utilities provider’s stock after selling 1,293 shares during the quarter. Kovack Advisors Inc.’s holdings in Dominion Energy were worth $542,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. BankPlus Trust Department acquired a new stake in shares of Dominion Energy during the 4th quarter worth about $26,000. Roble Belko & Company Inc acquired a new stake in shares of Dominion Energy during the 4th quarter worth about $27,000. Sanctuary Wealth Management L.L.C. acquired a new stake in shares of Dominion Energy during the 3rd quarter worth about $28,000. Frazier Financial Advisors LLC acquired a new stake in shares of Dominion Energy during the 3rd quarter worth about $32,000. Finally, Dunhill Financial LLC increased its position in shares of Dominion Energy by 601.2% during the 3rd quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 487 shares in 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 a number of recent analyst reports. Morgan Stanley initiated coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 target price for the company. Scotiabank increased their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a report on Friday, November 8th. Eleven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $56.58.

Dominion Energy Stock Up 0.2 %

Shares of NYSE D opened at $56.60 on Friday. The firm has a market capitalization of $47.54 billion, a PE ratio of 20.96, a price-to-earnings-growth ratio of 1.22 and a beta of 0.61. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 1 year low of $44.17 and a 1 year high of $61.97. The firm’s 50-day moving average is $54.94 and its 200-day moving average is $56.43.

Dominion Energy (NYSE:D) last issued its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. Equities analysts expect that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.72%. The ex-dividend date is Friday, February 28th. Dominion Energy’s payout ratio is 98.89%.

Dominion Energy Company 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.