Dominion Energy, Inc. (NYSE:D) Position Lowered by Forvis Mazars Wealth Advisors LLC

Forvis Mazars Wealth Advisors LLC decreased its stake in shares of Dominion Energy, Inc. (NYSE:D) by 15.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,160 shares of the utilities provider’s stock after selling 1,460 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in Dominion Energy were worth $440,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Howard Capital Management Inc. lifted its holdings in Dominion Energy by 17.0% in the fourth quarter. Howard Capital Management Inc. now owns 6,922 shares of the utilities provider’s stock worth $373,000 after acquiring an additional 1,007 shares during the last quarter. TCW Group Inc. lifted its holdings in Dominion Energy by 2.6% in the fourth quarter. TCW Group Inc. now owns 11,748 shares of the utilities provider’s stock worth $633,000 after acquiring an additional 294 shares during the last quarter. Sigma Planning Corp lifted its holdings in Dominion Energy by 3.9% in the fourth quarter. Sigma Planning Corp now owns 24,114 shares of the utilities provider’s stock worth $1,299,000 after acquiring an additional 910 shares during the last quarter. Greystone Financial Group LLC lifted its holdings in Dominion Energy by 5.4% in the fourth quarter. Greystone Financial Group LLC now owns 114,945 shares of the utilities provider’s stock worth $6,191,000 after acquiring an additional 5,932 shares during the last quarter. Finally, ING Groep NV bought a new position in Dominion Energy in the fourth quarter worth about $4,577,000. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Price Performance

NYSE D opened at $56.85 on Tuesday. Dominion Energy, Inc. has a 12 month low of $44.17 and a 12 month high of $61.97. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The firm has a market capitalization of $47.75 billion, a PE ratio of 21.05, a P/E/G ratio of 1.22 and a beta of 0.61. The company’s 50 day simple moving average is $54.64 and its 200 day simple moving average is $56.39.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 EPS 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, equities research analysts forecast that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be given a $0.6675 dividend. The ex-dividend date is Friday, February 28th. This represents a $2.67 annualized dividend and a yield of 4.70%. Dominion Energy’s dividend payout ratio (DPR) is 98.89%.

Analyst Ratings Changes

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

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.