Liberty One Investment Management LLC Trims Holdings in Dominion Energy, Inc. (NYSE:D)

Liberty One Investment Management LLC decreased its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 14.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,799 shares of the utilities provider’s stock after selling 2,164 shares during the period. Liberty One Investment Management LLC’s holdings in Dominion Energy were worth $689,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Dimensional Fund Advisors LP increased its position in shares of Dominion Energy by 4.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,127,357 shares of the utilities provider’s stock valued at $104,253,000 after buying an additional 89,379 shares during the period. Edgestream Partners L.P. bought a new stake in Dominion Energy during the 2nd quarter valued at approximately $214,000. Mercer Global Advisors Inc. ADV boosted its position in Dominion Energy by 0.9% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 59,153 shares of the utilities provider’s stock valued at $2,898,000 after acquiring an additional 500 shares in the last quarter. Intech Investment Management LLC grew its holdings in shares of Dominion Energy by 175.0% during the 2nd quarter. Intech Investment Management LLC now owns 39,556 shares of the utilities provider’s stock worth $1,938,000 after acquiring an additional 25,173 shares during the period. Finally, Brighton Jones LLC raised its position in shares of Dominion Energy by 3.9% in the 2nd quarter. Brighton Jones LLC now owns 6,865 shares of the utilities provider’s stock worth $336,000 after acquiring an additional 259 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Up 0.5 %

Shares of D stock opened at $55.34 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 12 month low of $43.53 and a 12 month high of $61.97. The stock has a market cap of $46.49 billion, a P/E ratio of 19.42, a P/E/G ratio of 1.16 and a beta of 0.60. The company has a 50 day simple moving average of $55.49 and a two-hundred day simple moving average of $55.71.

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

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.82%. The ex-dividend date of this dividend was Friday, November 29th. Dominion Energy’s dividend payout ratio is currently 93.68%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on D. Morgan Stanley started coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 target price on the stock. Scotiabank upped their price objective 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. Barclays raised their target price on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $61.00 price target on shares of Dominion Energy in a research report on Friday, November 8th. Eleven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Dominion Energy currently has a consensus 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.