Pettyjohn Wood & White Inc. Cuts Stake in Dominion Energy, Inc. (NYSE:D)

Pettyjohn Wood & White Inc. trimmed its position in shares of Dominion Energy, Inc. (NYSE:D) by 19.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 28,932 shares of the utilities provider’s stock after selling 6,900 shares during the quarter. Pettyjohn Wood & White Inc.’s holdings in Dominion Energy were worth $1,558,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. BankPlus Trust Department purchased a new position in Dominion Energy in the 4th quarter worth about $26,000. Roble Belko & Company Inc bought a new stake in shares of Dominion Energy in the fourth quarter worth $27,000. Sanctuary Wealth Management L.L.C. bought a new stake in shares of Dominion Energy during the 3rd quarter valued at about $28,000. Frazier Financial Advisors LLC bought a new position in shares of Dominion Energy in the 3rd quarter worth approximately $32,000. Finally, Dunhill Financial LLC raised its position in shares of Dominion Energy by 601.2% during the 3rd quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 487 shares during the period. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Stock Performance

NYSE:D opened at $56.60 on Friday. The stock has a market capitalization of $47.54 billion, a PE ratio of 20.96, a P/E/G ratio of 1.22 and a beta of 0.61. The company has a fifty day moving average of $54.88 and a two-hundred day moving average of $56.42. 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 fifty-two week low of $44.17 and a fifty-two week high of $61.97.

Dominion Energy (NYSE:D) last released its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. As a group, research analysts forecast that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.72%. The ex-dividend date is Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is presently 98.89%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group reiterated a “neutral” rating and issued a $61.00 price target on shares of Dominion Energy in a research note on Friday, November 8th. Scotiabank lifted their target price on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Finally, Morgan Stanley began coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They set an “equal weight” rating and a $61.00 target price for the company. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Dominion Energy presently has a consensus rating of “Hold” and an average 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.