BCGM Wealth Management LLC Sells 896 Shares of Dominion Energy, Inc. (NYSE:D)

BCGM Wealth Management LLC decreased its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 7.6% in the fourth quarter, Holdings Channel reports. The firm owned 10,832 shares of the utilities provider’s stock after selling 896 shares during the quarter. BCGM Wealth Management LLC’s holdings in Dominion Energy were worth $583,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC acquired a new stake in shares of Dominion Energy during the third quarter worth approximately $210,000. International Assets Investment Management LLC increased its holdings in shares of Dominion Energy by 7,438.3% during the third quarter. International Assets Investment Management LLC now owns 1,483,538 shares of the utilities provider’s stock worth $85,734,000 after buying an additional 1,463,858 shares in the last quarter. Ballentine Partners LLC increased its holdings in shares of Dominion Energy by 10.0% during the third quarter. Ballentine Partners LLC now owns 13,937 shares of the utilities provider’s stock worth $805,000 after buying an additional 1,271 shares in the last quarter. Mediolanum International Funds Ltd acquired a new stake in shares of Dominion Energy during the third quarter worth approximately $757,000. Finally, Trueblood Wealth Management LLC acquired a new stake in shares of Dominion Energy during the third quarter worth approximately $222,000. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Price Performance

D opened at $57.38 on Monday. The company has a fifty day moving average price of $54.58 and a two-hundred day moving average price of $56.37. 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 52 week low of $44.17 and a 52 week high of $61.97. The firm has a market capitalization of $48.20 billion, a PE ratio of 21.25, a P/E/G ratio of 1.22 and a beta of 0.61.

Dominion Energy (NYSE:D) last released its 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 net margin of 16.22% and a return on equity of 8.99%. As a group, analysts anticipate that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date is Friday, February 28th. Dominion Energy’s dividend payout ratio is presently 98.89%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Scotiabank raised their price objective 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. The Goldman Sachs Group reissued a “neutral” rating and issued a $61.00 price target on shares of Dominion Energy in a report on Friday, November 8th. Finally, Morgan Stanley began coverage on shares of Dominion Energy in a report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price target for the company. Eleven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Dominion Energy has a consensus rating of “Hold” and a consensus 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.