Bard Financial Services Inc. Has $221,000 Stake in Dominion Energy, Inc. (NYSE:D)

Bard Financial Services Inc. lowered its stake in Dominion Energy, Inc. (NYSE:D) by 59.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,100 shares of the utilities provider’s stock after selling 5,900 shares during the period. Bard Financial Services Inc.’s holdings in Dominion Energy were worth $221,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Oppenheimer & Co. Inc. boosted its holdings in Dominion Energy by 22.8% during the third quarter. Oppenheimer & Co. Inc. now owns 69,343 shares of the utilities provider’s stock valued at $4,007,000 after acquiring an additional 12,890 shares during the period. Caprock Group LLC lifted its position in shares of Dominion Energy by 133.0% during the 2nd quarter. Caprock Group LLC now owns 9,679 shares of the utilities provider’s stock worth $474,000 after purchasing an additional 5,525 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in 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 valued at $298,481,000 after purchasing an additional 43,055 shares during the period. Ascent Wealth Partners LLC acquired a new stake in Dominion Energy in the 3rd quarter valued at approximately $1,223,000. Finally, Hotchkis & Wiley Capital Management LLC increased its position 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 worth $487,567,000 after buying an additional 3,278,175 shares during the period. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Price Performance

Dominion Energy stock traded down $0.83 during mid-day trading on Monday, hitting $53.90. 1,779,017 shares of the company were exchanged, compared to its average volume of 2,915,893. Dominion Energy, Inc. has a 1-year low of $43.53 and a 1-year high of $61.97. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The business has a fifty day moving average of $56.33 and a 200 day moving average of $55.46. The company has a market capitalization of $45.28 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 1.44 and a beta of 0.60.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.05. The firm had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period last year, the firm posted $0.77 EPS. As a group, sell-side analysts expect that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were issued a dividend of $0.6675 per share. The ex-dividend date was Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a yield of 4.95%. Dominion Energy’s dividend payout ratio is 93.68%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on D shares. Jefferies Financial Group started coverage on shares of Dominion Energy in a research report on Friday, September 20th. They set a “hold” rating and a $58.00 target price on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a research 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 lifted their price objective on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Dominion Energy currently has a consensus rating of “Hold” and an average price target of $56.58.

Dominion Energy 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.