Yousif Capital Management LLC Lowers Stock Position in Dominion Energy, Inc. (NYSE:D)

Yousif Capital Management LLC reduced its position in Dominion Energy, Inc. (NYSE:D) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 116,374 shares of the utilities provider’s stock after selling 2,440 shares during the quarter. Yousif Capital Management LLC’s holdings in Dominion Energy were worth $6,268,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in D. Roble Belko & Company Inc purchased a new position in shares of Dominion Energy in the 4th quarter worth about $27,000. Sanctuary Wealth Management L.L.C. purchased a new position in Dominion Energy in the third quarter valued at approximately $28,000. Frazier Financial Advisors LLC acquired a new position in Dominion Energy during the third quarter valued at approximately $32,000. Dunhill Financial LLC grew its stake in Dominion Energy by 601.2% during the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock worth $33,000 after buying an additional 487 shares during the period. Finally, Larson Financial Group LLC increased its position in shares of Dominion Energy by 282.4% in the third quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 449 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Trading Up 0.4 %

NYSE D opened at $54.32 on Friday. The company’s fifty day moving average price is $54.70 and its two-hundred day moving average price is $56.15. The company has a market capitalization of $45.63 billion, a price-to-earnings ratio of 19.06, a price-to-earnings-growth ratio of 1.21 and a beta of 0.61. Dominion Energy, Inc. has a 12 month low of $43.53 and a 12 month high of $61.97. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58.

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 issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.92%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s dividend payout ratio is currently 93.68%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Scotiabank lifted their target price 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. Barclays upped their target price on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Morgan Stanley began coverage on Dominion Energy in a report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 target price on the stock. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $61.00 price target on shares of Dominion Energy in a report on Friday, November 8th. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Dominion Energy currently has an average rating of “Hold” and a consensus target price of $56.58.

Dominion Energy 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.