Lowe Brockenbrough & Co. Inc. Lowers Position in Dominion Energy, Inc. (NYSE:D)

Lowe Brockenbrough & Co. Inc. trimmed its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 5.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 26,909 shares of the utilities provider’s stock after selling 1,555 shares during the period. Lowe Brockenbrough & Co. Inc.’s holdings in Dominion Energy were worth $1,449,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Whittier Trust Co. of Nevada Inc. raised its holdings in Dominion Energy by 3.9% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 9,695 shares of the utilities provider’s stock worth $522,000 after acquiring an additional 361 shares during the last quarter. Teacher Retirement System of Texas grew its position in shares of Dominion Energy by 781.8% during the 4th quarter. Teacher Retirement System of Texas now owns 49,485 shares of the utilities provider’s stock valued at $2,665,000 after acquiring an additional 43,873 shares during the period. Sandy Spring Bank grew its position in shares of Dominion Energy by 6.0% during the 4th quarter. Sandy Spring Bank now owns 50,620 shares of the utilities provider’s stock valued at $2,726,000 after acquiring an additional 2,857 shares during the period. Royal London Asset Management Ltd. boosted its holdings in Dominion Energy by 20.9% in the 4th quarter. Royal London Asset Management Ltd. now owns 251,604 shares of the utilities provider’s stock worth $13,551,000 after buying an additional 43,541 shares during the period. Finally, Generali Investments Management Co LLC bought a new position in Dominion Energy in the 4th quarter worth $2,412,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on D shares. Scotiabank upped their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. upped their target price on shares of Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, March 11th. Morgan Stanley increased their price objective on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, UBS Group increased their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday. Twelve equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $57.58.

Dominion Energy Trading Down 0.9 %

NYSE:D opened at $54.51 on Friday. Dominion Energy, Inc. has a 52 week low of $46.56 and a 52 week high of $61.97. The firm has a 50 day moving average of $55.19 and a 200 day moving average of $56.30. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $46.44 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 1.22 and a beta of 0.58.

Dominion Energy (NYSE:D) last posted its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, beating 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, sell-side analysts anticipate that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were given a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a yield of 4.90%. Dominion Energy’s payout ratio is 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.