Capital Investment Counsel Inc Sells 277 Shares of Dominion Energy, Inc. (NYSE:D)

Capital Investment Counsel Inc lowered its stake in shares of Dominion Energy, Inc. (NYSE:D) by 1.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,094 shares of the utilities provider’s stock after selling 277 shares during the quarter. Capital Investment Counsel Inc’s holdings in Dominion Energy were worth $1,298,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. ING Groep NV bought a new stake in Dominion Energy during the 4th quarter worth about $4,577,000. Boston Financial Mangement LLC grew its holdings in Dominion Energy by 2.1% during the 4th quarter. Boston Financial Mangement LLC now owns 35,181 shares of the utilities provider’s stock worth $1,895,000 after acquiring an additional 708 shares during the last quarter. Plan Group Financial LLC grew its holdings in Dominion Energy by 8.4% during the 4th quarter. Plan Group Financial LLC now owns 16,049 shares of the utilities provider’s stock worth $864,000 after acquiring an additional 1,249 shares during the last quarter. Bank of Jackson Hole Trust bought a new stake in Dominion Energy during the 4th quarter worth about $59,000. Finally, Atria Wealth Solutions Inc. grew its holdings in Dominion Energy by 9.5% during the 4th quarter. Atria Wealth Solutions Inc. now owns 51,579 shares of the utilities provider’s stock worth $2,778,000 after acquiring an additional 4,476 shares during the last quarter. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Performance

Shares of NYSE:D opened at $56.39 on Friday. The company has a market capitalization of $47.36 billion, a price-to-earnings ratio of 20.88, a P/E/G ratio of 1.21 and a beta of 0.61. The firm’s 50 day simple moving average is $54.51 and its 200 day simple moving average is $56.32. 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, Inc. has a fifty-two week low of $44.17 and a fifty-two week high of $61.97.

Dominion Energy (NYSE:D) last announced its quarterly 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 net margin of 16.22% and a return on equity of 8.99%. As a group, sell-side analysts forecast that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders 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 annualized dividend and a yield of 4.74%. Dominion Energy’s dividend payout ratio (DPR) is currently 98.89%.

Wall Street Analyst Weigh In

D has been the topic of several recent research reports. Scotiabank raised their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a research note on Friday, November 8th. Finally, Morgan Stanley initiated coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 target price on the stock. Eleven equities research 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, the company presently has a consensus rating of “Hold” and an average price target of $56.58.

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.