Dominion Energy, Inc. (NYSE:D) is Poplar Forest Capital LLC’s 5th Largest Position

Poplar Forest Capital LLC decreased its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 25.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 446,238 shares of the utilities provider’s stock after selling 156,249 shares during the quarter. Dominion Energy comprises 4.4% of Poplar Forest Capital LLC’s holdings, making the stock its 5th largest holding. Poplar Forest Capital LLC owned approximately 0.05% of Dominion Energy worth $24,034,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Simon Quick Advisors LLC increased its stake in Dominion Energy by 4.5% in the 4th quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider’s stock valued at $229,000 after buying an additional 184 shares during the period. Cobblestone Capital Advisors LLC NY boosted its holdings in shares of Dominion Energy by 2.6% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 7,786 shares of the utilities provider’s stock valued at $450,000 after acquiring an additional 195 shares in the last quarter. Passumpsic Savings Bank raised its holdings in Dominion Energy by 2.7% during the third quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider’s stock worth $441,000 after purchasing an additional 199 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in Dominion Energy by 0.6% in the third quarter. Crossmark Global Holdings Inc. now owns 33,670 shares of the utilities provider’s stock valued at $1,946,000 after purchasing an additional 208 shares during the period. Finally, Meridian Financial Partners LLC boosted its holdings in Dominion Energy by 1.6% in the 4th quarter. Meridian Financial Partners LLC now owns 13,970 shares of the utilities provider’s stock valued at $752,000 after purchasing an additional 219 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

D has been the subject of several recent analyst reports. Scotiabank raised 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. Morgan Stanley started coverage on Dominion Energy in a report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 target price for the company. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $56.58.

Dominion Energy Price Performance

Dominion Energy stock opened at $56.60 on Friday. The firm has a market capitalization of $47.54 billion, a PE ratio of 20.96, a P/E/G ratio of 1.22 and a beta of 0.61. Dominion Energy, Inc. has a 52 week low of $44.17 and a 52 week high of $61.97. The firm’s 50-day simple moving average is $54.94 and its 200 day simple moving average is $56.43. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D) last announced its quarterly 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%. On average, equities research analysts predict that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

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. This represents a $2.67 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is presently 98.89%.

Dominion Energy 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.