Birch Hill Investment Advisors LLC Has $1.08 Million Position in Dominion Energy, Inc. (NYSE:D)

Birch Hill Investment Advisors LLC lessened its stake in Dominion Energy, Inc. (NYSE:D) by 1.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 20,085 shares of the utilities provider’s stock after selling 270 shares during the quarter. Birch Hill Investment Advisors LLC’s holdings in Dominion Energy were worth $1,082,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. lifted its position in Dominion Energy by 22.8% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 69,343 shares of the utilities provider’s stock worth $4,007,000 after acquiring an additional 12,890 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Dominion Energy by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,164,929 shares of the utilities provider’s stock worth $298,481,000 after purchasing an additional 43,055 shares during the last quarter. Ascent Wealth Partners LLC bought a new stake in Dominion Energy during the 3rd quarter valued at approximately $1,223,000. Hotchkis & Wiley Capital Management LLC grew its holdings in Dominion Energy by 63.5% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider’s stock valued at $487,567,000 after buying an additional 3,278,175 shares during the last quarter. Finally, Barclays PLC increased its position in Dominion Energy by 19.8% in 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. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. 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. Morgan Stanley began coverage on Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 target price on the stock. Barclays upped their price target on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Finally, Scotiabank boosted their price objective 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. Eleven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $56.58.

Dominion Energy Stock Performance

Shares of Dominion Energy stock opened at $54.64 on Friday. The stock has a market cap of $45.90 billion, a price-to-earnings ratio of 19.17, a P/E/G ratio of 1.18 and a beta of 0.61. Dominion Energy, Inc. has a twelve month low of $43.53 and a twelve month high of $61.97. The company’s fifty day moving average is $54.51 and its 200 day moving average is $56.16. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be given a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a yield of 4.89%. Dominion Energy’s dividend payout ratio (DPR) is currently 93.68%.

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.