ST Germain D J Co. Inc. Reduces Stock Position in Dominion Energy, Inc. (NYSE:D)

ST Germain D J Co. Inc. cut its stake in Dominion Energy, Inc. (NYSE:D) by 4.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 6,622 shares of the utilities provider’s stock after selling 305 shares during the quarter. ST Germain D J Co. Inc.’s holdings in Dominion Energy were worth $357,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Savant Capital LLC grew its position in Dominion Energy by 23.0% in the second quarter. Savant Capital LLC now owns 11,803 shares of the utilities provider’s stock worth $578,000 after acquiring an additional 2,207 shares during the period. Acadian Asset Management LLC purchased a new position in Dominion Energy in the second quarter worth approximately $1,329,000. Ashton Thomas Private Wealth LLC purchased a new position in Dominion Energy in the second quarter worth approximately $119,000. Wedbush Securities Inc. grew its position in Dominion Energy by 44.1% in the second quarter. Wedbush Securities Inc. now owns 12,541 shares of the utilities provider’s stock worth $615,000 after acquiring an additional 3,837 shares during the period. Finally, Royal London Asset Management Ltd. grew its position in Dominion Energy by 17.2% in the second quarter. Royal London Asset Management Ltd. now owns 154,493 shares of the utilities provider’s stock worth $7,570,000 after acquiring an additional 22,629 shares during the period. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Stock Down 2.4 %

Shares of NYSE D opened at $53.29 on Friday. Dominion Energy, Inc. has a 12-month low of $43.53 and a 12-month high of $61.97. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The stock has a market cap of $44.76 billion, a P/E ratio of 18.70, a PEG ratio of 1.44 and a beta of 0.60. The business’s fifty day simple moving average is $55.82 and its 200-day simple moving average is $55.53.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The company had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $4.18 billion. During the same period last year, the firm earned $0.77 earnings per share. Dominion Energy’s quarterly revenue was up 3.4% on a year-over-year basis. As a group, equities analysts predict that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date was Friday, November 29th. Dominion Energy’s dividend payout ratio is presently 93.68%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Scotiabank raised their price target on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Jefferies Financial Group assumed coverage on Dominion Energy in a research report on Friday, September 20th. They set a “hold” rating and a $58.00 price target for the company. Barclays raised their price target on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. The Goldman Sachs Group restated a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a research report on Friday, November 8th. Finally, 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 price target for the company. Eleven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $56.58.

Dominion Energy 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.