Blue Fin Capital Inc. Sells 1,308 Shares of Dominion Energy, Inc. (NYSE:D)

Blue Fin Capital Inc. trimmed its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 19.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,317 shares of the utilities provider’s stock after selling 1,308 shares during the quarter. Blue Fin Capital Inc.’s holdings in Dominion Energy were worth $286,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC boosted its holdings in shares of Dominion Energy by 19.8% during the 3rd quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider’s stock worth $141,739,000 after buying an additional 404,868 shares during the period. Pacer Advisors Inc. increased its position in shares of Dominion Energy by 12.2% during the fourth quarter. Pacer Advisors Inc. now owns 70,213 shares of the utilities provider’s stock valued at $3,782,000 after purchasing an additional 7,632 shares during the period. Greenwood Capital Associates LLC acquired a new position in shares of Dominion Energy in the fourth quarter valued at $1,027,000. Teamwork Financial Advisors LLC bought a new position in Dominion Energy in the fourth quarter worth $498,000. Finally, Daymark Wealth Partners LLC boosted its stake in Dominion Energy by 68.3% during the fourth quarter. Daymark Wealth Partners LLC now owns 19,987 shares of the utilities provider’s stock worth $1,076,000 after buying an additional 8,109 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

D has been the topic of several analyst reports. UBS Group boosted their price target on shares of Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, March 21st. 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. Morgan Stanley raised their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. Finally, Argus raised Dominion Energy to a “hold” rating in a report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $58.75.

Dominion Energy Price Performance

Shares of Dominion Energy stock opened at $56.54 on Thursday. The stock has a market capitalization of $48.21 billion, a price-to-earnings ratio of 20.94, a P/E/G ratio of 1.22 and a beta of 0.57. The firm’s 50-day moving average price is $54.08 and its two-hundred day moving average price is $55.04. 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 1-year low of $47.99 and a 1-year high of $61.97.

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

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Thursday, May 29th will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.72%. The ex-dividend date of this dividend is Thursday, May 29th. Dominion Energy’s payout ratio is presently 100.00%.

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.