Fruth Investment Management Lowers Position in Dominion Energy, Inc. (NYSE:D)

Fruth Investment Management decreased its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,025 shares of the utilities provider’s stock after selling 250 shares during the quarter. Fruth Investment Management’s holdings in Dominion Energy were worth $324,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Centennial Wealth Advisory LLC increased its stake in Dominion Energy by 11.7% in the fourth quarter. Centennial Wealth Advisory LLC now owns 8,532 shares of the utilities provider’s stock valued at $460,000 after acquiring an additional 893 shares during the last quarter. NovaPoint Capital LLC boosted its holdings in shares of Dominion Energy by 18.9% in the 4th quarter. NovaPoint Capital LLC now owns 18,100 shares of the utilities provider’s stock worth $975,000 after purchasing an additional 2,872 shares in the last quarter. Confluence Wealth Services Inc. increased its position in shares of Dominion Energy by 70.4% during the 4th quarter. Confluence Wealth Services Inc. now owns 11,163 shares of the utilities provider’s stock valued at $594,000 after purchasing an additional 4,613 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Dominion Energy by 19.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 90,128 shares of the utilities provider’s stock valued at $4,854,000 after buying an additional 14,692 shares in the last quarter. Finally, Virginia Wealth Management Group Inc. lifted its position in Dominion Energy by 1.7% in the 4th quarter. Virginia Wealth Management Group Inc. now owns 49,888 shares of the utilities provider’s stock worth $2,687,000 after buying an additional 824 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Price Performance

Shares of NYSE:D opened at $54.08 on Thursday. The company has a market capitalization of $45.43 billion, a PE ratio of 18.97, a PEG ratio of 1.21 and a beta of 0.61. The business has a fifty day moving average price of $54.81 and a 200-day moving average price of $56.17. Dominion Energy, Inc. has a 1-year low of $43.53 and a 1-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 firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be given a $0.6675 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 annualized dividend and a yield of 4.94%. Dominion Energy’s dividend payout ratio (DPR) is presently 93.68%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on D. The Goldman Sachs Group restated a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a research report on Friday, November 8th. Scotiabank raised their price target 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. 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 target on the stock. Finally, Barclays increased their price objective on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Eleven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $56.58.

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.