SG Americas Securities LLC Lowers Stake in Dominion Energy, Inc. (NYSE:D)

SG Americas Securities LLC lessened its stake in Dominion Energy, Inc. (NYSE:D) by 72.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 98,411 shares of the utilities provider’s stock after selling 252,436 shares during the period. SG Americas Securities LLC’s holdings in Dominion Energy were worth $5,300,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in D. Sharp Financial Services LLC lifted its stake in shares of Dominion Energy by 30.2% during the 4th quarter. Sharp Financial Services LLC now owns 10,550 shares of the utilities provider’s stock worth $568,000 after purchasing an additional 2,450 shares during the last quarter. Daymark Wealth Partners LLC lifted its position in shares of Dominion Energy by 68.3% during the fourth quarter. Daymark Wealth Partners LLC now owns 19,987 shares of the utilities provider’s stock valued at $1,076,000 after buying an additional 8,109 shares during the last quarter. Albion Financial Group UT lifted its position in shares of Dominion Energy by 279.0% during the fourth quarter. Albion Financial Group UT now owns 758 shares of the utilities provider’s stock valued at $41,000 after buying an additional 558 shares during the last quarter. Viking Fund Management LLC boosted its holdings in shares of Dominion Energy by 400.0% in the 4th quarter. Viking Fund Management LLC now owns 3,500 shares of the utilities provider’s stock valued at $189,000 after buying an additional 2,800 shares in the last quarter. Finally, Dakota Wealth Management grew its position in shares of Dominion Energy by 5.2% in the 4th quarter. Dakota Wealth Management now owns 56,323 shares of the utilities provider’s stock worth $3,034,000 after buying an additional 2,784 shares during the last quarter. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Price Performance

Dominion Energy stock opened at $53.48 on Friday. The stock has a market capitalization of $44.93 billion, a P/E ratio of 18.77, a P/E/G ratio of 1.15 and a beta of 0.60. The company’s fifty day moving average price is $55.28 and its 200 day moving average price is $55.86. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. Dominion Energy, Inc. has a 1 year low of $43.53 and a 1 year high of $61.97.

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

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were given 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 was Friday, November 29th. Dominion Energy’s payout ratio is 93.68%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on D shares. Scotiabank lifted their price target on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Morgan Stanley assumed 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 raised their price target on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a report on Friday, November 8th. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target 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.