Flputnam Investment Management Co. Reduces Holdings in Dominion Energy, Inc. (NYSE:D)

Flputnam Investment Management Co. reduced its position in Dominion Energy, Inc. (NYSE:D) by 9.9% in the 4th quarter, Holdings Channel reports. The firm owned 4,545 shares of the utilities provider’s stock after selling 500 shares during the period. Flputnam Investment Management Co.’s holdings in Dominion Energy were worth $245,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in D. BankPlus Trust Department acquired a new stake in Dominion Energy during the 4th quarter worth $26,000. Sanctuary Wealth Management L.L.C. acquired a new position in Dominion Energy in the third quarter valued at $28,000. Roble Belko & Company Inc purchased a new stake in shares of Dominion Energy in the fourth quarter valued at about $27,000. Frazier Financial Advisors LLC acquired a new stake in shares of Dominion Energy during the third quarter worth about $32,000. Finally, Dunhill Financial LLC grew its holdings in shares of 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. 73.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Dominion Energy Price Performance

Dominion Energy stock opened at $56.86 on Tuesday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. Dominion Energy, Inc. has a one year low of $44.49 and a one year high of $61.97. The company has a market cap of $47.76 billion, a P/E ratio of 21.06, a price-to-earnings-growth ratio of 1.22 and a beta of 0.61. The business has a fifty day moving average of $55.01 and a two-hundred day moving average of $56.46.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, topping 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, analysts predict that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.70%. The ex-dividend date is Friday, February 28th. Dominion Energy’s dividend payout ratio is currently 98.89%.

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.