Leavell Investment Management Inc. Sells 543 Shares of Dominion Energy, Inc. (NYSE:D)

Leavell Investment Management Inc. reduced its stake in Dominion Energy, Inc. (NYSE:D) by 5.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,759 shares of the utilities provider’s stock after selling 543 shares during the period. Leavell Investment Management Inc.’s holdings in Dominion Energy were worth $526,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Sanctuary Wealth Management L.L.C. bought a new stake in shares of Dominion Energy in the third quarter valued at approximately $28,000. Roble Belko & Company Inc bought a new stake in shares of Dominion Energy in the fourth quarter valued at approximately $27,000. Frazier Financial Advisors LLC bought a new stake in shares of Dominion Energy in the third quarter valued at approximately $32,000. Dunhill Financial LLC boosted its stake in shares of 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 buying an additional 487 shares during the period. Finally, Larson Financial Group LLC boosted its stake 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 valued at $35,000 after buying an additional 449 shares during the period. 73.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

D has been the subject of several research analyst reports. 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 research report on Thursday, December 12th. The Goldman Sachs Group restated a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. Finally, 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 price objective for the company. Eleven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $56.58.

Dominion Energy Stock Up 1.4 %

Shares of NYSE:D opened at $56.69 on Friday. The company has a fifty day moving average of $54.44 and a 200-day moving average of $56.27. The company has a market capitalization of $47.62 billion, a PE ratio of 19.89, a price-to-earnings-growth ratio of 1.18 and a beta of 0.61. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. Dominion Energy, Inc. has a 52-week low of $44.16 and a 52-week high of $61.97.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. On average, equities analysts predict that Dominion Energy, Inc. will post 2.76 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business 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. The ex-dividend date is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a yield of 4.71%. Dominion Energy’s payout ratio is 93.68%.

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.