Precedent Wealth Partners LLC Sells 1,985 Shares of Dominion Energy, Inc. (NYSE:D)

Precedent Wealth Partners LLC lowered its holdings in Dominion Energy, Inc. (NYSE:D) by 15.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,102 shares of the utilities provider’s stock after selling 1,985 shares during the quarter. Precedent Wealth Partners LLC’s holdings in Dominion Energy were worth $598,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Thrivent Financial for Lutherans boosted its position in Dominion Energy by 2.2% during the second quarter. Thrivent Financial for Lutherans now owns 54,018 shares of the utilities provider’s stock valued at $2,647,000 after purchasing an additional 1,163 shares in the last quarter. Evergreen Capital Management LLC boosted its holdings in shares of Dominion Energy by 7.1% in the 2nd quarter. Evergreen Capital Management LLC now owns 5,114 shares of the utilities provider’s stock valued at $251,000 after buying an additional 340 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Dominion Energy in the 2nd quarter worth approximately $1,651,000. AQR Capital Management LLC raised its stake in shares of Dominion Energy by 201.9% during the 2nd quarter. AQR Capital Management LLC now owns 33,747 shares of the utilities provider’s stock worth $1,654,000 after acquiring an additional 22,567 shares in the last quarter. Finally, Daymark Wealth Partners LLC lifted its position in Dominion Energy by 14.8% during the second quarter. Daymark Wealth Partners LLC now owns 12,146 shares of the utilities provider’s stock valued at $595,000 after acquiring an additional 1,562 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Up 0.5 %

D stock opened at $53.48 on Friday. The company has a market capitalization of $44.93 billion, a P/E ratio of 18.77, a price-to-earnings-growth ratio of 1.15 and a beta of 0.60. Dominion Energy, Inc. has a 12 month low of $43.53 and a 12 month high of $61.97. The firm’s fifty day simple moving average is $55.20 and its 200-day simple moving average is $55.89. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.05. The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4.18 billion. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the firm earned $0.77 EPS. As a group, equities research analysts forecast that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.99%. The ex-dividend date of this dividend was Friday, November 29th. Dominion Energy’s dividend payout ratio (DPR) is 93.68%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on D shares. Morgan Stanley assumed coverage on shares of Dominion Energy in a report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price target on the stock. Scotiabank upped their target price on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. The Goldman Sachs Group reissued a “neutral” rating and issued a $61.00 price target on shares of Dominion Energy in a report on Friday, November 8th. Finally, Barclays upped their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $56.58.

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.