Park Place Capital Corp Cuts Stake in Dominion Energy, Inc. (NYSE:D)

Park Place Capital Corp lowered its stake in Dominion Energy, Inc. (NYSE:D) by 80.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 751 shares of the utilities provider’s stock after selling 3,034 shares during the period. Park Place Capital Corp’s holdings in Dominion Energy were worth $40,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in D. Daymark Wealth Partners LLC lifted its stake in Dominion Energy by 68.3% during the fourth quarter. Daymark Wealth Partners LLC now owns 19,987 shares of the utilities provider’s stock worth $1,076,000 after purchasing an additional 8,109 shares during the last quarter. Albion Financial Group UT boosted its position in shares of Dominion Energy by 279.0% in the 4th quarter. Albion Financial Group UT now owns 758 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 558 shares during the period. Viking Fund Management LLC grew its position in shares of Dominion Energy by 400.0% during the fourth quarter. Viking Fund Management LLC now owns 3,500 shares of the utilities provider’s stock worth $189,000 after acquiring an additional 2,800 shares during the last quarter. Dakota Wealth Management grew its position in Dominion Energy by 5.2% during the 4th quarter. Dakota Wealth Management now owns 56,323 shares of the utilities provider’s stock worth $3,034,000 after purchasing an additional 2,784 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in Dominion Energy by 56.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 149,245 shares of the utilities provider’s stock valued at $8,038,000 after purchasing an additional 53,969 shares during the period. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Price Performance

Shares of NYSE:D opened at $53.25 on Friday. The business has a fifty day simple moving average of $55.34 and a 200-day simple moving average of $55.88. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 52 week low of $43.53 and a 52 week high of $61.97. The company has a market cap of $44.73 billion, a P/E ratio of 18.69, a P/E/G ratio of 1.22 and a beta of 0.60.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. Dominion Energy’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the business earned $0.77 EPS. Equities research analysts forecast that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders 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 yield of 5.01%. Dominion Energy’s dividend payout ratio (DPR) is 93.68%.

Analysts Set New Price Targets

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