Tranquility Partners LLC Lowers Position in Dominion Energy, Inc. (NYSE:D)

Tranquility Partners LLC cut its stake in shares of Dominion Energy, Inc. (NYSE:D) by 36.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,024 shares of the utilities provider’s stock after selling 2,262 shares during the period. Tranquility Partners LLC’s holdings in Dominion Energy were worth $217,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of D. Sanctuary Wealth Management L.L.C. bought a new position in shares of Dominion Energy in the third quarter valued at approximately $28,000. Roble Belko & Company Inc purchased a new position in Dominion Energy in the fourth quarter worth $27,000. Frazier Financial Advisors LLC bought a new position in Dominion Energy in the 3rd quarter valued at $32,000. Dunhill Financial LLC raised its stake in shares of Dominion Energy by 601.2% during the 3rd quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 487 shares during the period. Finally, Larson Financial Group LLC boosted its holdings in shares of Dominion Energy by 282.4% in the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock worth $35,000 after buying an additional 449 shares during the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on D shares. Morgan Stanley assumed 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 for the company. 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 report on Thursday, December 12th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a research note on Friday, November 8th. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $56.58.

Dominion Energy Stock Performance

NYSE:D opened at $56.69 on Friday. The firm has a market cap of $47.62 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 1.18 and a beta of 0.61. The business’s fifty day moving average is $54.44 and its 200 day moving average is $56.27. Dominion Energy, Inc. has a 52-week low of $44.16 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.

Dominion Energy (NYSE:D) last released its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. Research analysts predict that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a yield of 4.71%. Dominion Energy’s dividend payout ratio is currently 93.68%.

Dominion Energy Company 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.