Gabelli Funds LLC Sells 6,200 Shares of Dominion Energy, Inc. (NYSE:D)

Gabelli Funds LLC cut its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 433,000 shares of the utilities provider’s stock after selling 6,200 shares during the quarter. Gabelli Funds LLC owned approximately 0.05% of Dominion Energy worth $23,321,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Cape Investment Advisory Inc. increased its holdings in Dominion Energy by 175.4% in the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 300 shares during the last quarter. BankPlus Trust Department bought a new stake in shares of Dominion Energy in the fourth quarter worth about $26,000. Roble Belko & Company Inc purchased a new stake in shares of Dominion Energy in the fourth quarter worth about $27,000. Fairway Wealth LLC bought a new position in Dominion Energy during the fourth quarter valued at approximately $27,000. Finally, CBIZ Investment Advisory Services LLC grew its holdings in Dominion Energy by 100.4% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider’s stock valued at $28,000 after buying an additional 260 shares in the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Stock Performance

Dominion Energy stock opened at $53.65 on Wednesday. Dominion Energy, Inc. has a 1-year low of $46.62 and a 1-year high of $61.97. The company’s 50-day moving average is $54.73 and its 200 day moving average is $55.77. The firm has a market capitalization of $45.72 billion, a P/E ratio of 19.87, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. Research analysts forecast that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date was Friday, February 28th. Dominion Energy’s payout ratio is presently 98.89%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on D shares. UBS Group upped their price objective on Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $52.00 price objective (down previously from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. Argus upgraded shares of Dominion Energy to a “hold” rating in a report on Tuesday, March 25th. Finally, Morgan Stanley upped their target price on shares of Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Thursday, March 20th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $57.00.

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.