Alps Advisors Inc. Sells 8,104 Shares of Dominion Energy Inc. $D

Alps Advisors Inc. lessened its stake in shares of Dominion Energy Inc. (NYSE:D) by 1.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 423,086 shares of the utilities provider’s stock after selling 8,104 shares during the period. Alps Advisors Inc.’s holdings in Dominion Energy were worth $25,880,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its holdings in Dominion Energy by 64.3% during the 4th quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider’s stock valued at $489,000 after buying an additional 3,553 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Dominion Energy by 8.3% during the 1st quarter. Empowered Funds LLC now owns 17,571 shares of the utilities provider’s stock valued at $985,000 after acquiring an additional 1,344 shares during the last quarter. Woodline Partners LP boosted its position in shares of Dominion Energy by 40.7% during the 1st quarter. Woodline Partners LP now owns 70,968 shares of the utilities provider’s stock valued at $3,979,000 after acquiring an additional 20,522 shares during the last quarter. Intech Investment Management LLC grew its holdings in shares of Dominion Energy by 71.2% in the first quarter. Intech Investment Management LLC now owns 30,460 shares of the utilities provider’s stock valued at $1,708,000 after purchasing an additional 12,663 shares in the last quarter. Finally, Maryland State Retirement & Pension System increased its position in Dominion Energy by 5.9% in the second quarter. Maryland State Retirement & Pension System now owns 41,481 shares of the utilities provider’s stock worth $2,345,000 after purchasing an additional 2,303 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Down 0.3%

Shares of NYSE D opened at $62.33 on Friday. Dominion Energy Inc. has a 1 year low of $48.07 and a 1 year high of $63.43. The firm has a 50-day simple moving average of $59.61 and a two-hundred day simple moving average of $60.16. The company has a market cap of $53.23 billion, a P/E ratio of 21.20, a PEG ratio of 1.69 and a beta of 0.71. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.84 and a quick ratio of 0.65.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 27th will be given a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Friday, February 27th. Dominion Energy’s dividend payout ratio is 90.82%.

Wall Street Analyst Weigh In

D has been the subject of several research reports. BMO Capital Markets lowered their price objective on shares of Dominion Energy from $67.00 to $65.00 and set a “market perform” rating for the company in a research report on Monday, November 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of Dominion Energy in a research report on Monday, December 29th. TD Cowen started coverage on Dominion Energy in a research report on Friday, January 9th. They issued a “hold” rating and a $65.00 price target for the company. Barclays decreased their price objective on Dominion Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, January 22nd. Finally, Wells Fargo & Company lowered their price objective on Dominion Energy from $67.00 to $64.00 and set an “overweight” rating for the company in a research note on Tuesday, January 20th. Two research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and a consensus price target of $64.33.

About Dominion Energy

Dominion Energy, Inc, headquartered in Richmond, Virginia, is a diversified energy company that primarily operates regulated electricity and natural gas utilities and develops energy infrastructure. The company’s core activities include the generation, transmission and distribution of electricity to residential, commercial and industrial customers, as well as the purchase, storage and delivery of natural gas. Dominion combines traditional utility operations with energy infrastructure businesses to provide essential services across its service territories.

Dominion’s electricity portfolio spans multiple technologies and fuel sources, including nuclear, natural gas-fired generation and renewable resources such as utility-scale solar and wind.