Dominion Energy, Inc. (NYSE:D) Holdings Trimmed by Laird Norton Wetherby Wealth Management LLC

Laird Norton Wetherby Wealth Management LLC trimmed its position in shares of Dominion Energy, Inc. (NYSE:D) by 27.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,343 shares of the utilities provider’s stock after selling 3,081 shares during the period. Laird Norton Wetherby Wealth Management LLC’s holdings in Dominion Energy were worth $449,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC boosted its holdings in Dominion Energy by 19.8% in the third quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider’s stock worth $141,739,000 after purchasing an additional 404,868 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Dominion Energy by 4.5% during the third quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider’s stock valued at $1,653,964,000 after buying an additional 1,222,688 shares during the last quarter. Wedmont Private Capital raised its position in shares of Dominion Energy by 8.0% during the fourth quarter. Wedmont Private Capital now owns 6,207 shares of the utilities provider’s stock valued at $331,000 after buying an additional 461 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in Dominion Energy in the fourth quarter worth about $48,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in Dominion Energy by 273.8% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,753 shares of the utilities provider’s stock worth $94,000 after purchasing an additional 1,284 shares in the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Price Performance

Shares of NYSE:D opened at $54.98 on Friday. The firm has a 50 day moving average of $53.90 and a 200-day moving average of $55.10. The stock has a market capitalization of $46.89 billion, a PE ratio of 20.36, a PEG ratio of 1.22 and a beta of 0.57. 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, Inc. has a 12 month low of $47.99 and a 12 month high of $61.97.

Dominion Energy (NYSE:D) last issued its earnings results on Thursday, May 1st. The utilities provider reported $0.93 EPS for the quarter, beating the consensus estimate of $0.82 by $0.11. The company had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $3.95 billion. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.55 EPS. On average, equities research analysts predict that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Thursday, May 29th will be paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.86%. The ex-dividend date of this dividend is Thursday, May 29th. Dominion Energy’s payout ratio is currently 100.00%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. UBS Group raised their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Argus upgraded shares of Dominion Energy to a “hold” rating in a report on Tuesday, March 25th. Morgan Stanley lifted their price objective 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. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $52.00 target price (down previously from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $58.75.

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.