Dominion Energy, Inc. (NYSE:D) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. trimmed its position in shares of Dominion Energy, Inc. (NYSE:D) by 44.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,777 shares of the utilities provider’s stock after selling 20,046 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Dominion Energy were worth $1,334,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in D. Cape Investment Advisory Inc. grew its position in shares of Dominion Energy by 175.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 300 shares in the last quarter. BankPlus Trust Department purchased a new stake in Dominion Energy in the 4th quarter valued at $26,000. Roble Belko & Company Inc acquired a new stake in shares of Dominion Energy in the 4th quarter worth $27,000. Fairway Wealth LLC purchased a new position in shares of Dominion Energy during the 4th quarter worth $27,000. Finally, CBIZ Investment Advisory Services LLC grew its holdings in shares of Dominion Energy by 100.4% in 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 period. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. UBS Group raised their price target on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday. Scotiabank boosted their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Morgan Stanley increased their target price on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. upped their price objective on shares of Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, March 11th. Twelve equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $57.58.

Dominion Energy Trading Down 0.9 %

NYSE:D opened at $54.51 on Friday. Dominion Energy, Inc. has a 12-month low of $46.56 and a 12-month high of $61.97. The firm has a market cap of $46.44 billion, a PE ratio of 20.19, a price-to-earnings-growth ratio of 1.22 and a beta of 0.58. 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 stock has a fifty day moving average price of $55.19 and a 200 day moving average price of $56.30.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, topping 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%. Sell-side analysts anticipate that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were paid a dividend of $0.6675 per share. The ex-dividend date was Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.90%. Dominion Energy’s payout ratio is currently 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.