International Assets Investment Management LLC Cuts Stock Holdings in Dominion Energy, Inc. (NYSE:D)

International Assets Investment Management LLC lowered its stake in Dominion Energy, Inc. (NYSE:D) by 98.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,926 shares of the utilities provider’s stock after selling 1,456,612 shares during the period. International Assets Investment Management LLC’s holdings in Dominion Energy were worth $1,465,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Canandaigua National Bank & Trust Co. raised its holdings in Dominion Energy by 5.1% during the 4th quarter. Canandaigua National Bank & Trust Co. now owns 28,767 shares of the utilities provider’s stock valued at $1,549,000 after buying an additional 1,386 shares during the last quarter. Ables Iannone Moore & Associates Inc. raised its stake in shares of Dominion Energy by 2.2% during the fourth quarter. Ables Iannone Moore & Associates Inc. now owns 14,014 shares of the utilities provider’s stock valued at $755,000 after acquiring an additional 303 shares during the last quarter. CWA Asset Management Group LLC boosted its holdings in shares of Dominion Energy by 18.0% during the fourth quarter. CWA Asset Management Group LLC now owns 11,123 shares of the utilities provider’s stock worth $599,000 after purchasing an additional 1,700 shares during the period. Pensionfund Sabic grew its stake in shares of Dominion Energy by 34.1% in the fourth quarter. Pensionfund Sabic now owns 29,500 shares of the utilities provider’s stock worth $1,589,000 after purchasing an additional 7,500 shares during the last quarter. Finally, Nordea Investment Management AB increased its holdings in Dominion Energy by 7.4% during the 4th quarter. Nordea Investment Management AB now owns 66,831 shares of the utilities provider’s stock valued at $3,596,000 after purchasing an additional 4,609 shares during the period. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Performance

Dominion Energy stock opened at $54.62 on Thursday. The stock’s 50 day moving average is $56.03 and its 200 day moving average is $55.51. The company has a market capitalization of $45.88 billion, a P/E ratio of 19.16, a PEG ratio of 1.44 and a beta of 0.60. Dominion Energy, Inc. has a twelve month low of $43.53 and a twelve month 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.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share 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 return on equity of 8.35% and a net margin of 16.95%. The company’s revenue was up 3.4% on a year-over-year basis. During the same period last year, the company earned $0.77 earnings per share. On average, equities research analysts predict that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were paid a $0.6675 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.67 annualized dividend and a dividend yield of 4.89%. Dominion Energy’s dividend payout ratio is presently 93.68%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on D shares. Scotiabank lifted their price objective on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Barclays lifted their price target on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Morgan Stanley assumed coverage on shares of Dominion Energy in a report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price objective for the company. Jefferies Financial Group began coverage on shares of Dominion Energy in a research note on Friday, September 20th. They set a “hold” rating and a $58.00 target price on the stock. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $61.00 price target on shares of Dominion Energy in a research note on Friday, November 8th. Eleven research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.