Wealthfront Advisers LLC Sells 126,023 Shares of Dominion Energy, Inc. (NYSE:D)

Wealthfront Advisers LLC decreased its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 87.6% in the fourth quarter, HoldingsChannel reports. The fund owned 17,826 shares of the utilities provider’s stock after selling 126,023 shares during the quarter. Wealthfront Advisers LLC’s holdings in Dominion Energy were worth $960,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Simon Quick Advisors LLC lifted its stake in Dominion Energy by 4.5% in the 4th quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider’s stock worth $229,000 after purchasing an additional 184 shares in the last quarter. Cobblestone Capital Advisors LLC NY lifted its stake in Dominion Energy by 2.6% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 7,786 shares of the utilities provider’s stock worth $450,000 after purchasing an additional 195 shares in the last quarter. Passumpsic Savings Bank lifted its stake in Dominion Energy by 2.7% in the 3rd quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider’s stock worth $441,000 after purchasing an additional 199 shares in the last quarter. Meridian Financial Partners LLC lifted its stake in Dominion Energy by 1.6% in the 4th quarter. Meridian Financial Partners LLC now owns 13,970 shares of the utilities provider’s stock worth $752,000 after purchasing an additional 219 shares in the last quarter. Finally, Register Financial Advisors LLC lifted its stake in Dominion Energy by 5.8% in the 4th quarter. Register Financial Advisors LLC now owns 4,316 shares of the utilities provider’s stock worth $232,000 after purchasing an additional 237 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Price Performance

Shares of D stock opened at $54.64 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The company has a market capitalization of $46.55 billion, a P/E ratio of 20.24, a P/E/G ratio of 1.22 and a beta of 0.59. The company’s 50-day simple moving average is $55.12 and its two-hundred day simple moving average is $56.35. Dominion Energy, Inc. has a one year low of $46.56 and a one year high of $61.97.

Dominion Energy (NYSE:D) last issued its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. As a group, equities analysts anticipate that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.89%. Dominion Energy’s dividend payout ratio is presently 98.89%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on D. Scotiabank upped their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. upped their target price on shares of Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, March 11th. Finally, Morgan Stanley began coverage on shares of 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. Eleven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $57.18.

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.