BCGM Wealth Management LLC Has $583,000 Stock Holdings in Dominion Energy, Inc. (NYSE:D)

BCGM Wealth Management LLC cut its stake in Dominion Energy, Inc. (NYSE:D) by 7.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,832 shares of the utilities provider’s stock after selling 896 shares during the quarter. BCGM Wealth Management LLC’s holdings in Dominion Energy were worth $583,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Sanctuary Wealth Management L.L.C. acquired a new position in Dominion Energy during the third quarter worth $28,000. Roble Belko & Company Inc acquired a new position in Dominion Energy during the fourth quarter worth $27,000. Frazier Financial Advisors LLC acquired a new position in Dominion Energy during the third quarter worth $32,000. Dunhill Financial LLC increased its position in Dominion Energy by 601.2% during the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock worth $33,000 after buying an additional 487 shares during the last quarter. Finally, Larson Financial Group LLC increased its position in Dominion Energy by 282.4% during the third 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 institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. The Goldman Sachs Group reissued a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th. Morgan Stanley initiated coverage on shares of Dominion Energy in a report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price target for the company. Finally, Scotiabank upped their price target 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. Eleven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $56.58.

Dominion Energy Stock Up 1.9 %

NYSE D opened at $57.38 on Monday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The firm has a 50-day simple moving average of $54.58 and a 200 day simple moving average of $56.37. Dominion Energy, Inc. has a twelve month low of $44.17 and a twelve month high of $61.97. The stock has a market cap of $48.20 billion, a PE ratio of 21.25, a PEG ratio of 1.22 and a beta of 0.61.

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 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%. On average, research analysts forecast that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.65%. The ex-dividend date is Friday, February 28th. Dominion Energy’s payout ratio is presently 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.