Valley National Advisers Inc. Sells 200 Shares of Dominion Energy, Inc. (NYSE:D)

Valley National Advisers Inc. lowered its stake in shares of Dominion Energy, Inc. (NYSE:D) by 12.5% during the fourth quarter, Holdings Channel reports. The fund owned 1,401 shares of the utilities provider’s stock after selling 200 shares during the period. Valley National Advisers Inc.’s holdings in Dominion Energy were worth $75,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in D. Greenleaf Trust lifted its position in shares of Dominion Energy by 2.2% during the fourth quarter. Greenleaf Trust now owns 16,497 shares of the utilities provider’s stock worth $889,000 after purchasing an additional 349 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in Dominion Energy by 4.4% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 33,364 shares of the utilities provider’s stock worth $1,797,000 after purchasing an additional 1,421 shares during the last quarter. Evermay Wealth Management LLC raised its position in Dominion Energy by 364.0% in the 4th quarter. Evermay Wealth Management LLC now owns 7,433 shares of the utilities provider’s stock worth $400,000 after purchasing an additional 5,831 shares during the last quarter. Verus Financial Partners Inc. lifted its holdings in Dominion Energy by 5.6% during the 4th quarter. Verus Financial Partners Inc. now owns 15,956 shares of the utilities provider’s stock worth $852,000 after buying an additional 848 shares in the last quarter. Finally, Concord Wealth Partners boosted its position in Dominion Energy by 50.6% in the 4th quarter. Concord Wealth Partners now owns 7,417 shares of the utilities provider’s stock valued at $399,000 after buying an additional 2,493 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on D. Barclays upped their price target on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Morgan Stanley assumed coverage on shares of 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 lifted their price target on shares of 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 restated a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a report on Friday, November 8th. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Dominion Energy presently has an average rating of “Hold” and an average price target of $56.58.

Dominion Energy Trading Down 0.6 %

Shares of NYSE D opened at $55.47 on Monday. Dominion Energy, Inc. has a twelve month low of $43.53 and a twelve month high of $61.97. The stock has a market cap of $46.60 billion, a price-to-earnings ratio of 19.46, a P/E/G ratio of 1.21 and a beta of 0.61. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The company’s fifty day moving average is $54.96 and its 200-day moving average is $56.09.

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

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.81%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is presently 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.