Diamond Hill Capital Management Inc. Sells 47,450 Shares of Dominion Energy Inc. $D

Diamond Hill Capital Management Inc. lessened its holdings in shares of Dominion Energy Inc. (NYSE:D) by 12.0% in the third quarter, HoldingsChannel.com reports. The fund owned 349,315 shares of the utilities provider’s stock after selling 47,450 shares during the period. Diamond Hill Capital Management Inc.’s holdings in Dominion Energy were worth $21,368,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of D. Signature Estate & Investment Advisors LLC raised its stake in Dominion Energy by 3.4% in the third quarter. Signature Estate & Investment Advisors LLC now owns 7,917 shares of the utilities provider’s stock valued at $484,000 after purchasing an additional 258 shares in the last quarter. Lowe Brockenbrough & Co. Inc. grew its stake in Dominion Energy by 11.6% in the 3rd quarter. Lowe Brockenbrough & Co. Inc. now owns 29,626 shares of the utilities provider’s stock worth $1,812,000 after buying an additional 3,079 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Dominion Energy by 77.6% in the 3rd quarter. Smartleaf Asset Management LLC now owns 10,361 shares of the utilities provider’s stock worth $631,000 after buying an additional 4,526 shares during the last quarter. First National Bank of Hutchinson purchased a new stake in shares of Dominion Energy during the 3rd quarter valued at $214,000. Finally, Moloney Securities Asset Management LLC purchased a new stake in shares of Dominion Energy during the 3rd quarter valued at $272,000. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Trading Down 0.3%

NYSE D opened at $62.33 on Friday. The firm has a market cap of $53.23 billion, a PE ratio of 21.20, a price-to-earnings-growth ratio of 1.69 and a beta of 0.71. Dominion Energy Inc. has a 1-year low of $48.07 and a 1-year high of $63.43. The stock has a 50-day moving average of $59.61 and a 200-day moving average of $60.16. The company has a current ratio of 0.84, a quick ratio of 0.65 and a debt-to-equity ratio of 1.41.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, February 27th will be paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, February 27th. Dominion Energy’s dividend payout ratio is 90.82%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on D shares. BTIG Research started coverage on Dominion Energy in a research note on Wednesday, October 22nd. They issued a “neutral” rating on the stock. Barclays cut their price objective on Dominion Energy from $64.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, January 22nd. Morgan Stanley raised their price objective on Dominion Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a report on Wednesday, October 22nd. TD Cowen started coverage on Dominion Energy in a research report on Friday, January 9th. They issued a “hold” rating and a $65.00 target price for the company. Finally, BMO Capital Markets decreased their price target on shares of Dominion Energy from $67.00 to $65.00 and set a “market perform” rating on the stock in a research note on Monday, November 3rd. Two research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and a consensus target price of $64.33.

About Dominion Energy

Dominion Energy, Inc, headquartered in Richmond, Virginia, is a diversified energy company that primarily operates regulated electricity and natural gas utilities and develops energy infrastructure. The company’s core activities include the generation, transmission and distribution of electricity to residential, commercial and industrial customers, as well as the purchase, storage and delivery of natural gas. Dominion combines traditional utility operations with energy infrastructure businesses to provide essential services across its service territories.

Dominion’s electricity portfolio spans multiple technologies and fuel sources, including nuclear, natural gas-fired generation and renewable resources such as utility-scale solar and wind.