Chesapeake Wealth Management Sells 509 Shares of Dominion Energy, Inc. (NYSE:D)

Chesapeake Wealth Management cut its holdings in Dominion Energy, Inc. (NYSE:D) by 9.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 4,989 shares of the utilities provider’s stock after selling 509 shares during the period. Chesapeake Wealth Management’s holdings in Dominion Energy were worth $269,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. BLB&B Advisors LLC lifted its position in Dominion Energy by 2.5% in the 3rd quarter. BLB&B Advisors LLC now owns 7,223 shares of the utilities provider’s stock valued at $417,000 after acquiring an additional 173 shares in the last quarter. Cobblestone Capital Advisors LLC NY lifted its holdings in shares of Dominion Energy by 2.6% during the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 7,786 shares of the utilities provider’s stock valued at $450,000 after buying an additional 195 shares during the period. Passumpsic Savings Bank lifted its holdings in shares of Dominion Energy by 2.7% during the 3rd quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider’s stock valued at $441,000 after buying an additional 199 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in shares of Dominion Energy by 3.5% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 5,920 shares of the utilities provider’s stock valued at $342,000 after buying an additional 200 shares during the period. Finally, Busey Bank lifted its holdings in shares of Dominion Energy by 3.4% during the 3rd quarter. Busey Bank now owns 6,134 shares of the utilities provider’s stock valued at $354,000 after buying an additional 203 shares during the period. 73.04% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Dominion Energy Trading Up 0.5 %

Shares of D stock opened at $55.34 on Tuesday. Dominion Energy, Inc. has a 52-week low of $43.53 and a 52-week high of $61.97. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The firm has a market capitalization of $46.49 billion, a PE ratio of 19.42, a PEG ratio of 1.20 and a beta of 0.60. The stock has a fifty day simple moving average of $55.49 and a two-hundred day simple moving average of $55.81.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.94 billion during the quarter, compared to analyst estimates of $4.18 billion. During the same quarter in the prior year, the business posted $0.77 EPS. Dominion Energy’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, analysts predict that Dominion Energy, Inc. will post 2.76 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were given a dividend of $0.6675 per share. The ex-dividend date was Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.82%. Dominion Energy’s payout ratio is 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.