Laird Norton Wetherby Wealth Management LLC Has $449,000 Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Laird Norton Wetherby Wealth Management LLC trimmed its holdings in Dominion Energy, Inc. (NYSE:D) by 27.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,343 shares of the utilities provider’s stock after selling 3,081 shares during the period. Laird Norton Wetherby Wealth Management LLC’s holdings in Dominion Energy were worth $449,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in D. Investment Management Corp of Ontario lifted its position in shares of Dominion Energy by 434.5% during the fourth quarter. Investment Management Corp of Ontario now owns 148,816 shares of the utilities provider’s stock valued at $8,015,000 after purchasing an additional 120,975 shares in the last quarter. Hudson Bay Capital Management LP purchased a new position in shares of Dominion Energy in the fourth quarter worth about $2,892,000. Gotham Asset Management LLC grew its stake in Dominion Energy by 128.4% during the fourth quarter. Gotham Asset Management LLC now owns 488,062 shares of the utilities provider’s stock valued at $26,287,000 after acquiring an additional 274,339 shares in the last quarter. Graver Capital Management LLC purchased a new position in Dominion Energy during the fourth quarter valued at approximately $431,000. Finally, Focus Partners Wealth grew its stake in Dominion Energy by 30.1% during the fourth quarter. Focus Partners Wealth now owns 165,069 shares of the utilities provider’s stock valued at $8,891,000 after acquiring an additional 38,191 shares in the last quarter. 73.04% of the stock is owned by institutional investors.

Dominion Energy Stock Up 1.8%

NYSE:D opened at $54.98 on Friday. The firm has a market cap of $46.89 billion, a P/E ratio of 20.36, a P/E/G ratio of 1.22 and a beta of 0.57. 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 fifty-two week low of $47.99 and a fifty-two week high of $61.97. The firm has a 50-day simple moving average of $53.90 and a two-hundred day simple moving average of $55.10.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.11. The firm had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $3.95 billion. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.55 EPS. Analysts predict that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, May 29th will be issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.86%. The ex-dividend date of this dividend is Thursday, May 29th. Dominion Energy’s payout ratio is 100.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on D. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $52.00 price target (down previously from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. Morgan Stanley increased their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Thursday, March 20th. UBS Group increased their price target on shares of Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. Finally, Argus upgraded shares of Dominion Energy to a “hold” rating in a report on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $58.75.

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.