Beck Mack & Oliver LLC Reduces Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Beck Mack & Oliver LLC lessened its stake in shares of Dominion Energy, Inc. (NYSE:D) by 7.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,593 shares of the utilities provider’s stock after selling 1,372 shares during the quarter. Beck Mack & Oliver LLC’s holdings in Dominion Energy were worth $948,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of D. Howard Capital Management Group LLC acquired a new stake in shares of Dominion Energy in the third quarter valued at approximately $210,000. Barclays PLC increased its stake in Dominion Energy by 19.8% in the third quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider’s stock valued at $141,739,000 after purchasing an additional 404,868 shares during the period. M&T Bank Corp boosted its stake in shares of Dominion Energy by 1.5% during the third quarter. M&T Bank Corp now owns 152,056 shares of the utilities provider’s stock worth $8,787,000 after buying an additional 2,268 shares during the period. Passumpsic Savings Bank grew its holdings in shares of 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 buying an additional 199 shares during the last quarter. Finally, Morse Asset Management Inc acquired a new position in Dominion Energy in the 3rd quarter valued at about $734,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Dominion Energy Trading Up 0.0 %

NYSE:D opened at $53.07 on Friday. The company has a market capitalization of $45.22 billion, a PE ratio of 19.65, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57. Dominion Energy, Inc. has a 52-week low of $47.99 and a 52-week high of $61.97. The stock has a fifty day simple moving average of $54.60 and a 200-day simple moving average of $55.68. 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 issued its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share 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%. On average, equities research analysts expect that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 5.03%. The ex-dividend date was Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is 98.89%.

About Dominion Energy

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.