Cypress Capital Group Sells 3,478 Shares of Dominion Energy, Inc. (NYSE:D)

Cypress Capital Group cut its stake in Dominion Energy, Inc. (NYSE:D) by 25.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 9,938 shares of the utilities provider’s stock after selling 3,478 shares during the period. Cypress Capital Group’s holdings in Dominion Energy were worth $535,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in D. Commerzbank Aktiengesellschaft FI lifted its stake in Dominion Energy by 10.3% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 10,125 shares of the utilities provider’s stock valued at $546,000 after buying an additional 947 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Dominion Energy by 2.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,314,160 shares of the utilities provider’s stock valued at $286,221,000 after buying an additional 149,231 shares during the period. Meridian Wealth Management LLC lifted its stake in Dominion Energy by 92.1% in the fourth quarter. Meridian Wealth Management LLC now owns 11,860 shares of the utilities provider’s stock valued at $639,000 after buying an additional 5,687 shares during the period. SBI Securities Co. Ltd. acquired a new position in Dominion Energy in the fourth quarter valued at approximately $292,000. Finally, Jones Financial Companies Lllp lifted its stake in Dominion Energy by 46.2% in the fourth quarter. Jones Financial Companies Lllp now owns 69,874 shares of the utilities provider’s stock valued at $3,763,000 after buying an additional 22,090 shares during the period. 73.04% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on D. Morgan Stanley began coverage on Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 target price on the stock. Scotiabank upped their target price 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. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th. Eleven analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $57.00.

Dominion Energy Trading Down 0.3 %

NYSE D opened at $54.15 on Thursday. The firm has a market capitalization of $46.14 billion, a P/E ratio of 20.06, a PEG ratio of 1.22 and a beta of 0.58. The business has a fifty day simple moving average of $55.03 and a 200 day simple moving average of $56.43. Dominion Energy, Inc. has a 12 month low of $46.43 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.

Dominion Energy (NYSE:D) last released its quarterly 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 return on equity of 8.99% and a net margin of 16.22%. On average, analysts predict that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be paid a $0.6675 dividend. The ex-dividend date is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a yield of 4.93%. Dominion Energy’s dividend payout ratio (DPR) is presently 98.89%.

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.