Choreo LLC Sells 3,132 Shares of Dominion Energy, Inc. (NYSE:D)

Choreo LLC trimmed its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 7.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 39,826 shares of the utilities provider’s stock after selling 3,132 shares during the quarter. Choreo LLC’s holdings in Dominion Energy were worth $2,145,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Roble Belko & Company Inc bought a new stake in Dominion Energy in the fourth quarter valued at approximately $27,000. Sanctuary Wealth Management L.L.C. bought a new stake in Dominion Energy in the third quarter valued at approximately $28,000. Frazier Financial Advisors LLC bought a new stake in Dominion Energy in the third quarter valued at approximately $32,000. Dunhill Financial LLC increased its stake in Dominion Energy by 601.2% in the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 487 shares in the last quarter. Finally, Larson Financial Group LLC increased its stake in Dominion Energy by 282.4% in the third 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 in the last quarter. 73.04% of the stock is owned by institutional investors.

Dominion Energy Stock Performance

Shares of D opened at $54.32 on Friday. Dominion Energy, Inc. has a 12 month low of $43.53 and a 12 month high of $61.97. The firm has a fifty day simple moving average of $54.70 and a 200 day simple moving average of $56.15. The stock has a market capitalization of $45.63 billion, a price-to-earnings ratio of 19.06, a PEG ratio of 1.21 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.92%. The ex-dividend date is Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is currently 93.68%.

Analysts Set New Price Targets

Several equities research analysts have commented on D shares. Morgan Stanley began coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 target price for the company. The Goldman Sachs Group reiterated a “neutral” rating and issued a $61.00 price target on shares of Dominion Energy in a report on Friday, November 8th. Barclays upped their price target on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Finally, Scotiabank upped their price target 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. Eleven research 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 a consensus target price of $56.58.

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.