Morningstar Investment Services LLC Sells 293,430 Shares of Dominion Energy, Inc. (NYSE:D)

Morningstar Investment Services LLC decreased its position in Dominion Energy, Inc. (NYSE:DFree Report) by 95.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,704 shares of the utilities provider’s stock after selling 293,430 shares during the period. Morningstar Investment Services LLC’s holdings in Dominion Energy were worth $645,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in D. Criterion Capital Advisors LLC acquired a new stake in shares of Dominion Energy during the fourth quarter worth $29,000. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Dominion Energy in the 4th quarter valued at about $30,000. Venturi Wealth Management LLC raised its position in shares of Dominion Energy by 84.5% in the 4th quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 310 shares during the period. Oliver Lagore Vanvalin Investment Group boosted its stake in Dominion Energy by 91.1% during the 3rd quarter. Oliver Lagore Vanvalin Investment Group now owns 839 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 400 shares during the last quarter. Finally, Operose Advisors LLC increased its stake in Dominion Energy by 60.3% in the third quarter. Operose Advisors LLC now owns 827 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 311 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Stock Down 1.6 %

Dominion Energy stock opened at $51.44 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.94 and a debt-to-equity ratio of 1.37. Dominion Energy, Inc. has a 1-year low of $39.18 and a 1-year high of $54.74. The company has a fifty day simple moving average of $51.26 and a 200 day simple moving average of $48.40. The company has a market cap of $43.09 billion, a P/E ratio of 26.52, a price-to-earnings-growth ratio of 1.40 and a beta of 0.60.

Dominion Energy (NYSE:DGet Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.55 EPS for the quarter, beating the consensus estimate of $0.51 by $0.04. The firm had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $4.34 billion. Dominion Energy had a return on equity of 7.50% and a net margin of 11.57%. The business’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.99 earnings per share. Research analysts anticipate that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, May 31st will be given a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 5.19%. The ex-dividend date is Friday, May 31st. Dominion Energy’s payout ratio is presently 137.63%.

Analyst Upgrades and Downgrades

D has been the subject of several research analyst reports. Mizuho boosted their price target on shares of Dominion Energy from $45.00 to $52.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Guggenheim lowered their price target on Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a report on Monday, March 4th. Barclays cut their price objective on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. StockNews.com raised Dominion Energy from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. Finally, Evercore ISI lifted their price target on shares of Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a research note on Friday, May 3rd. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $51.73.

Get Our Latest Stock Analysis on Dominion Energy

Dominion Energy Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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