Patten Group Inc. Sells 3,735 Shares of Dominion Energy, Inc. (NYSE:D)

Patten Group Inc. decreased its stake in Dominion Energy, Inc. (NYSE:D) by 19.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 15,100 shares of the utilities provider’s stock after selling 3,735 shares during the quarter. Patten Group Inc.’s holdings in Dominion Energy were worth $813,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. raised its stake in shares of Dominion Energy by 2.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,314,160 shares of the utilities provider’s stock valued at $286,221,000 after acquiring an additional 149,231 shares during the last quarter. Meridian Wealth Management LLC raised its stake in shares of Dominion Energy by 92.1% during the fourth quarter. Meridian Wealth Management LLC now owns 11,860 shares of the utilities provider’s stock valued at $639,000 after acquiring an additional 5,687 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Dominion Energy during the fourth quarter valued at $292,000. Jones Financial Companies Lllp raised its stake in shares of Dominion Energy by 46.2% during the fourth quarter. Jones Financial Companies Lllp now owns 69,874 shares of the utilities provider’s stock valued at $3,763,000 after acquiring an additional 22,090 shares during the last quarter. Finally, Modera Wealth Management LLC raised its stake in shares of Dominion Energy by 5.9% during the fourth quarter. Modera Wealth Management LLC now owns 10,112 shares of the utilities provider’s stock valued at $545,000 after acquiring an additional 563 shares during the last quarter. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Down 4.3 %

NYSE:D opened at $54.42 on Wednesday. The stock has a market capitalization of $46.37 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 1.22 and a beta of 0.58. The firm has a fifty day simple moving average of $55.02 and a two-hundred day simple moving average of $56.45. Dominion Energy, Inc. has a 12 month low of $45.99 and a 12 month high of $61.97. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42.

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

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders 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 dividend yield of 4.91%. The ex-dividend date is Friday, February 28th. Dominion Energy’s dividend payout ratio is currently 98.89%.

Analyst Ratings Changes

D has been the subject of several recent analyst reports. Scotiabank increased their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. Finally, Morgan Stanley initiated coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price objective for the company. Eleven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Dominion Energy has an average rating of “Hold” and a consensus price target of $57.00.

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.