Dorsey & Whitney Trust CO LLC Sells 2,619 Shares of Dominion Energy, Inc. (NYSE:D)

Dorsey & Whitney Trust CO LLC reduced its stake in Dominion Energy, Inc. (NYSE:D) by 14.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,581 shares of the utilities provider’s stock after selling 2,619 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Dominion Energy were worth $839,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. HM Payson & Co. boosted its position in Dominion Energy by 4.3% in the fourth quarter. HM Payson & Co. now owns 9,841 shares of the utilities provider’s stock valued at $530,000 after buying an additional 404 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of Dominion Energy in the fourth quarter valued at approximately $603,000. Aviance Capital Partners LLC acquired a new position in shares of Dominion Energy in the 4th quarter worth approximately $254,000. Oak Hill Wealth Advisors LLC grew its position in Dominion Energy by 208.6% during the 4th quarter. Oak Hill Wealth Advisors LLC now owns 9,789 shares of the utilities provider’s stock worth $527,000 after acquiring an additional 18,799 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in Dominion Energy by 21.6% during the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 7,199 shares of the utilities provider’s stock valued at $388,000 after purchasing an additional 1,279 shares in the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on D shares. Scotiabank increased their target price on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Morgan Stanley started coverage on shares of Dominion Energy in a report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price objective on the stock. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $57.00.

Dominion Energy Price Performance

Shares of D opened at $55.21 on Monday. The stock has a market cap of $47.04 billion, a P/E ratio of 20.45, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59. Dominion Energy, Inc. has a 1 year low of $46.56 and a 1 year high of $61.97. The stock’s 50-day moving average price is $55.05 and its two-hundred day moving average price is $56.40. 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 data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. On average, equities analysts predict that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors 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 4.84%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s dividend payout ratio is currently 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.