SouthState Corp Has $724,000 Stake in Dominion Energy, Inc. (NYSE:D)

SouthState Corp cut its stake in shares of Dominion Energy, Inc. (NYSE:D) by 4.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,439 shares of the utilities provider’s stock after selling 689 shares during the quarter. SouthState Corp’s holdings in Dominion Energy were worth $724,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Rockport Wealth LLC bought a new position in Dominion Energy during the fourth quarter worth $214,000. Patten & Patten Inc. TN grew its holdings in Dominion Energy by 23.4% during the 4th quarter. Patten & Patten Inc. TN now owns 21,555 shares of the utilities provider’s stock worth $1,161,000 after acquiring an additional 4,092 shares during the period. CBIZ Investment Advisory Services LLC raised its position in shares of Dominion Energy by 100.4% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 260 shares in the last quarter. one8zero8 LLC acquired a new position in shares of Dominion Energy in the 4th quarter valued at about $741,000. Finally, Choate Investment Advisors boosted its position in shares of Dominion Energy by 5.4% during the 4th quarter. Choate Investment Advisors now owns 3,880 shares of the utilities provider’s stock valued at $209,000 after purchasing an additional 198 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Price Performance

D stock opened at $54.75 on Tuesday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The business has a 50-day simple moving average of $55.14 and a two-hundred day simple moving average of $56.34. The company has a market capitalization of $46.65 billion, a P/E ratio of 20.28, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59. Dominion Energy, Inc. has a 52-week low of $46.56 and a 52-week high of $61.97.

Dominion Energy (NYSE:D) last announced its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (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%. Research analysts expect that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company 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. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date is Friday, February 28th. Dominion Energy’s payout ratio is currently 98.89%.

Analysts Set New Price Targets

D has been the topic of several recent analyst reports. Morgan Stanley started coverage on Dominion Energy in a research note on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price target on the stock. Scotiabank increased their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, March 11th. Eleven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and a consensus price target of $57.18.

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.