Cadence Capital Management LLC lowered its holdings in shares of Dominion Energy Inc (NYSE:D) by 13.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,666 shares of the utilities provider’s stock after selling 5,122 shares during the period. Cadence Capital Management LLC’s holdings in Dominion Energy were worth $2,567,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. MPS Loria Financial Planners LLC acquired a new position in shares of Dominion Energy in the second quarter valued at approximately $103,000. Johnson Financial Group Inc. raised its position in shares of Dominion Energy by 146.8% in the third quarter. Johnson Financial Group Inc. now owns 1,345 shares of the utilities provider’s stock valued at $103,000 after buying an additional 800 shares during the last quarter. Parkside Financial Bank & Trust raised its position in shares of Dominion Energy by 183.2% in the third quarter. Parkside Financial Bank & Trust now owns 1,546 shares of the utilities provider’s stock valued at $119,000 after buying an additional 1,000 shares during the last quarter. MHI Funds LLC acquired a new position in shares of Dominion Energy in the fourth quarter valued at approximately $119,000. Finally, Chicago Partners Investment Group LLC raised its position in shares of Dominion Energy by 160.8% in the third quarter. Chicago Partners Investment Group LLC now owns 1,565 shares of the utilities provider’s stock valued at $120,000 after buying an additional 965 shares during the last quarter. Institutional investors own 64.61% of the company’s stock.
Dominion Energy Inc (NYSE D) opened at $73.76 on Thursday. Dominion Energy Inc has a 52-week low of $71.59 and a 52-week high of $85.30. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.29 and a current ratio of 0.47. The company has a market cap of $47,470.00, a P/E ratio of 15.02, a P/E/G ratio of 2.84 and a beta of 0.20.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 20th. Shareholders of record on Friday, March 2nd will be paid a dividend of $0.835 per share. This is an increase from Dominion Energy’s previous quarterly dividend of $0.77. This represents a $3.34 annualized dividend and a yield of 4.53%. The ex-dividend date of this dividend is Thursday, March 1st. Dominion Energy’s payout ratio is currently 62.73%.
A number of equities analysts have recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of Dominion Energy from $85.00 to $87.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 13th. JPMorgan Chase & Co. raised shares of Dominion Energy from a “neutral” rating to an “overweight” rating and set a $82.00 price target for the company in a research report on Thursday, December 14th. Bank of America raised shares of Dominion Energy from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 22nd. Gabelli reaffirmed a “hold” rating on shares of Dominion Energy in a research report on Wednesday, November 1st. Finally, KeyCorp reaffirmed a “hold” rating on shares of Dominion Energy in a research report on Friday, October 20th. Eleven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $82.09.
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Dominion Energy Company Profile
Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.
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