Cetera Investment Advisers Has $9.36 Million Stock Position in Dominion Energy, Inc. (NYSE:D)

Cetera Investment Advisers cut its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 6.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 173,854 shares of the utilities provider’s stock after selling 12,641 shares during the period. Cetera Investment Advisers’ holdings in Dominion Energy were worth $9,364,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Simon Quick Advisors LLC raised its position 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 worth $229,000 after purchasing an additional 184 shares during the period. Cadence Bank grew its holdings in Dominion Energy by 2.0% during the fourth quarter. Cadence Bank now owns 9,561 shares of the utilities provider’s stock worth $515,000 after buying an additional 189 shares in the last quarter. Choate Investment Advisors grew its holdings in Dominion Energy by 5.4% during the fourth quarter. Choate Investment Advisors now owns 3,880 shares of the utilities provider’s stock worth $209,000 after buying an additional 198 shares in the last quarter. Eagle Strategies LLC grew its holdings in Dominion Energy by 6.0% during the fourth quarter. Eagle Strategies LLC now owns 3,759 shares of the utilities provider’s stock worth $202,000 after buying an additional 212 shares in the last quarter. Finally, Covestor Ltd grew its holdings in Dominion Energy by 16.9% during the fourth quarter. Covestor Ltd now owns 1,504 shares of the utilities provider’s stock worth $81,000 after buying an additional 217 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on D. Morgan Stanley upped their price target on Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Thursday, March 20th. UBS Group upped their price target on Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Argus upgraded Dominion Energy to a “hold” rating in a report on Tuesday, March 25th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $52.00 price target (down previously from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $58.75.

Dominion Energy Stock Up 0.2%

D stock opened at $55.10 on Monday. Dominion Energy, Inc. has a 1-year low of $47.99 and a 1-year high of $61.97. 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 stock’s fifty day simple moving average is $53.94 and its two-hundred day simple moving average is $55.19. The stock has a market cap of $46.99 billion, a P/E ratio of 20.41, a P/E/G ratio of 1.22 and a beta of 0.57.

Dominion Energy (NYSE:D) last issued its quarterly 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. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. The firm had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $3.95 billion. During the same quarter in the prior year, the firm earned $0.55 EPS. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. Analysts expect that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Thursday, May 29th will be given a dividend of $0.6675 per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.85%. Dominion Energy’s dividend payout ratio is presently 100.00%.

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.