Empirical Finance LLC Sells 358 Shares of Dominion Energy, Inc. (NYSE:D)

Empirical Finance LLC reduced its stake in Dominion Energy, Inc. (NYSE:D) by 1.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,429 shares of the utilities provider’s stock after selling 358 shares during the period. Empirical Finance LLC’s holdings in Dominion Energy were worth $1,531,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Roble Belko & Company Inc purchased a new stake in Dominion Energy during the fourth quarter valued at $27,000. Sanctuary Wealth Management L.L.C. bought a new stake in shares of Dominion Energy in the 3rd quarter worth about $28,000. Frazier Financial Advisors LLC purchased a new stake in shares of Dominion Energy during the 3rd quarter valued at about $32,000. Dunhill Financial LLC lifted its holdings in shares of Dominion Energy by 601.2% in the 3rd quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 487 shares during the last quarter. Finally, Larson Financial Group LLC grew its position in Dominion Energy by 282.4% in the third quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 449 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on D shares. Barclays upped their price objective on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Morgan Stanley assumed coverage on Dominion Energy in a research report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price target for the company. Scotiabank boosted their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a report on Friday, November 8th. Eleven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $56.58.

Dominion Energy Price Performance

Shares of D stock opened at $54.64 on Monday. The company has a market capitalization of $45.90 billion, a P/E ratio of 19.17, a P/E/G ratio of 1.18 and a beta of 0.61. The company’s 50-day simple moving average is $54.51 and its two-hundred day simple moving average is $56.20. Dominion Energy, Inc. has a one year low of $43.53 and a one year high of $61.97. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58.

Dominion Energy Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 annualized dividend and a yield of 4.89%. Dominion Energy’s payout ratio is currently 93.68%.

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.