Stifel Financial Corp Sells 65,478 Shares of Dominion Energy, Inc. (NYSE:D)

Stifel Financial Corp cut its holdings in Dominion Energy, Inc. (NYSE:D) by 13.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 433,829 shares of the utilities provider’s stock after selling 65,478 shares during the quarter. Stifel Financial Corp owned approximately 0.05% of Dominion Energy worth $23,366,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in D. Cape Investment Advisory Inc. increased its stake in shares of 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 buying an additional 300 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Dominion Energy by 450.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 378 shares during the last quarter. BankPlus Trust Department acquired a new stake in Dominion Energy in the fourth quarter worth about $26,000. Roble Belko & Company Inc bought a new stake in Dominion Energy during the 4th quarter worth about $27,000. Finally, Fairway Wealth LLC acquired a new position in Dominion Energy during the 4th quarter valued at about $27,000. 73.04% of the stock is owned by institutional investors.

Dominion Energy Stock Performance

Shares of D stock opened at $53.39 on Friday. The company has a market capitalization of $45.50 billion, a P/E ratio of 19.77, 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 company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The company’s 50 day moving average price is $54.37 and its two-hundred day moving average price is $55.54.

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

Analysts Set New Price Targets

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