Wealth Alliance Has $200,000 Holdings in Dominion Energy, Inc. (NYSE:D)

Wealth Alliance decreased its stake in shares of Dominion Energy, Inc. (NYSE:D) by 64.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,721 shares of the utilities provider’s stock after selling 6,761 shares during the period. Wealth Alliance’s holdings in Dominion Energy were worth $200,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Howard Capital Management Group LLC acquired a new position in shares of Dominion Energy during the third quarter valued at about $210,000. Allspring Global Investments Holdings LLC increased its position in Dominion Energy by 0.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 247,770 shares of the utilities provider’s stock valued at $14,319,000 after buying an additional 1,130 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in Dominion Energy by 8.7% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 18,285 shares of the utilities provider’s stock worth $1,057,000 after buying an additional 1,458 shares during the period. Private Advisor Group LLC boosted its holdings in Dominion Energy by 7.1% in the third quarter. Private Advisor Group LLC now owns 111,331 shares of the utilities provider’s stock worth $6,434,000 after acquiring an additional 7,424 shares in the last quarter. Finally, International Assets Investment Management LLC grew its stake in Dominion Energy by 7,438.3% in the third quarter. International Assets Investment Management LLC now owns 1,483,538 shares of the utilities provider’s stock valued at $85,734,000 after acquiring an additional 1,463,858 shares during the period. Institutional investors own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on D. Morgan Stanley started coverage on Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 target price on the stock. The Goldman Sachs Group restated a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a report on Friday, November 8th. Finally, Scotiabank lifted 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. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $56.58.

Dominion Energy Trading Up 1.9 %

NYSE:D opened at $57.38 on Friday. Dominion Energy, Inc. has a 52 week low of $44.17 and a 52 week high of $61.97. The firm has a 50-day moving average price of $54.58 and a two-hundred day moving average price of $56.36. The firm has a market cap of $48.20 billion, a price-to-earnings ratio of 21.25, a price-to-earnings-growth ratio of 1.22 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 (NYSE:D) last issued its quarterly earnings results 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%. On average, equities analysts expect that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be given a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 annualized dividend and a yield of 4.65%. Dominion Energy’s payout ratio is currently 98.89%.

About Dominion Energy

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.