Bryn Mawr Capital Management LLC Trims Stake in Dominion Energy, Inc. (NYSE:D)

Bryn Mawr Capital Management LLC cut its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 90.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,710 shares of the utilities provider’s stock after selling 60,188 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Dominion Energy were worth $361,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Howard Capital Management Group LLC purchased a new stake in Dominion Energy in the third quarter valued at approximately $210,000. Allspring Global Investments Holdings LLC grew its stake in shares of Dominion Energy by 0.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 247,770 shares of the utilities provider’s stock valued at $14,319,000 after buying an additional 1,130 shares in the last quarter. Foundations Investment Advisors LLC raised its holdings in shares of Dominion Energy by 12.5% in the 3rd quarter. Foundations Investment Advisors LLC now owns 11,398 shares of the utilities provider’s stock valued at $659,000 after buying an additional 1,262 shares during the period. Sequoia Financial Advisors LLC lifted its stake in Dominion Energy by 8.7% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 18,285 shares of the utilities provider’s stock worth $1,057,000 after acquiring an additional 1,458 shares in the last quarter. Finally, Private Advisor Group LLC boosted its holdings in Dominion Energy by 7.1% during the 3rd quarter. Private Advisor Group LLC now owns 111,331 shares of the utilities provider’s stock valued at $6,434,000 after acquiring an additional 7,424 shares during the period. 73.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

D has been the topic of a number of recent research reports. The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a research note on Friday, November 8th. Morgan Stanley assumed coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They set an “equal weight” rating and a $61.00 target price on the stock. Finally, Scotiabank raised their price target on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $56.58.

Dominion Energy Price Performance

D stock opened at $57.38 on Friday. The stock has a market cap of $48.20 billion, a price-to-earnings ratio of 21.25, a PEG ratio of 1.21 and a beta of 0.61. Dominion Energy, Inc. has a fifty-two week low of $44.17 and a fifty-two week high of $61.97. 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 business has a 50 day moving average price of $54.58 and a 200 day moving average price of $56.35.

Dominion Energy (NYSE:D) last issued its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. Equities research analysts anticipate that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is currently 98.89%.

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.