Jackson Hole Capital Partners LLC Has $2.89 Million Holdings in Dominion Energy, Inc. (NYSE:D)

Jackson Hole Capital Partners LLC lessened its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 6.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 53,610 shares of the utilities provider’s stock after selling 3,495 shares during the quarter. Jackson Hole Capital Partners LLC’s holdings in Dominion Energy were worth $2,887,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cape Investment Advisory Inc. increased its stake in shares of Dominion Energy by 175.4% during the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 300 shares during the period. BankPlus Trust Department acquired a new stake in Dominion Energy during the fourth quarter worth approximately $26,000. Roble Belko & Company Inc acquired a new stake in Dominion Energy during the fourth quarter worth approximately $27,000. Sanctuary Wealth Management L.L.C. acquired a new stake in shares of Dominion Energy in the 3rd quarter valued at $28,000. Finally, Frazier Financial Advisors LLC acquired a new stake in shares of Dominion Energy in the 3rd quarter valued at $32,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on D shares. Scotiabank raised their target price on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Morgan Stanley assumed coverage on Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 target price for the company. Eleven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $57.00.

Dominion Energy Stock Performance

Shares of D opened at $55.21 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The stock has a 50-day moving average of $55.05 and a 200-day moving average of $56.40. The company has a market cap of $47.04 billion, a PE ratio of 20.45, a P/E/G ratio of 1.22 and a beta of 0.59. Dominion Energy, Inc. has a one year low of $46.56 and a one year high of $61.97.

Dominion Energy (NYSE:D) last issued its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, beating the consensus estimate 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 research analysts predict that Dominion Energy, Inc. will post 3.39 EPS 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. Shareholders of record on Friday, February 28th will be paid a dividend of $0.6675 per share. The ex-dividend date is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a yield of 4.84%. Dominion Energy’s dividend payout ratio (DPR) is currently 98.89%.

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.