Focus Partners Advisor Solutions LLC Decreases Stake in Dominion Energy, Inc. (NYSE:D)

Focus Partners Advisor Solutions LLC lowered its position in Dominion Energy, Inc. (NYSE:D) by 32.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 9,908 shares of the utilities provider’s stock after selling 4,657 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Dominion Energy were worth $534,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in D. Simon Quick Advisors LLC increased its holdings in shares of Dominion Energy by 4.5% during the fourth quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider’s stock valued at $229,000 after acquiring an additional 184 shares in the last quarter. Cadence Bank increased its holdings in shares of Dominion Energy by 2.0% during the fourth quarter. Cadence Bank now owns 9,561 shares of the utilities provider’s stock valued at $515,000 after acquiring an additional 189 shares in the last quarter. Choate Investment Advisors increased its holdings in shares of Dominion Energy by 5.4% during the fourth quarter. Choate Investment Advisors now owns 3,880 shares of the utilities provider’s stock valued at $209,000 after acquiring an additional 198 shares in the last quarter. Eagle Strategies LLC increased its holdings in shares of Dominion Energy by 6.0% during the fourth quarter. Eagle Strategies LLC now owns 3,759 shares of the utilities provider’s stock valued at $202,000 after acquiring an additional 212 shares in the last quarter. Finally, Covestor Ltd increased its holdings in shares of Dominion Energy by 16.9% during the fourth quarter. Covestor Ltd now owns 1,504 shares of the utilities provider’s stock valued at $81,000 after acquiring an additional 217 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Up 1.2%

Shares of NYSE:D opened at $56.32 on Friday. The business has a 50-day moving average price of $54.13 and a 200 day moving average price of $55.01. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $48.03 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 1.22 and a beta of 0.57. Dominion Energy, Inc. has a 12-month low of $47.99 and a 12-month high of $61.97.

Dominion Energy (NYSE:D) last announced its earnings results on Thursday, May 1st. The utilities provider reported $0.93 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 8.99% and a net margin of 16.22%. Dominion Energy’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period last year, the business posted $0.55 EPS. Sell-side analysts expect that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, May 29th will be issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date of this dividend is Thursday, May 29th. Dominion Energy’s dividend payout ratio is presently 100.00%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on D shares. Argus upgraded shares of Dominion Energy to a “hold” rating in a report on Tuesday, March 25th. Morgan Stanley cut their price target on shares of Dominion Energy from $63.00 to $62.00 and set an “equal weight” rating on the stock in a report on Thursday. UBS Group upped their price objective on Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a $52.00 price objective (down previously from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $58.63.

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.