Advisors Asset Management Inc. Sells 43,932 Shares of Dominion Energy Inc. $D

Advisors Asset Management Inc. lowered its position in Dominion Energy Inc. (NYSE:D) by 22.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 154,465 shares of the utilities provider’s stock after selling 43,932 shares during the quarter. Advisors Asset Management Inc.’s holdings in Dominion Energy were worth $9,449,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CoreFirst Bank & Trust purchased a new stake in Dominion Energy in the 2nd quarter worth approximately $25,000. Westside Investment Management Inc. raised its position in Dominion Energy by 123.3% in the 2nd quarter. Westside Investment Management Inc. now owns 469 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 259 shares in the last quarter. United Community Bank purchased a new stake in Dominion Energy in the 3rd quarter valued at approximately $29,000. Hanson & Doremus Investment Management acquired a new stake in Dominion Energy during the third quarter worth about $31,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Dominion Energy during the second quarter worth approximately $32,000. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Stock Up 1.3%

Shares of NYSE:D opened at $64.64 on Thursday. The company’s fifty day moving average is $59.80 and its two-hundred day moving average is $60.26. Dominion Energy Inc. has a 1-year low of $48.07 and a 1-year high of $64.84. The stock has a market capitalization of $55.21 billion, a price-to-earnings ratio of 21.99, a price-to-earnings-growth ratio of 1.73 and a beta of 0.71. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.65 and a current ratio of 0.84.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 27th will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.1%. The ex-dividend date is Friday, February 27th. Dominion Energy’s dividend payout ratio is presently 90.82%.

Analyst Ratings Changes

Several research firms have weighed in on D. JPMorgan Chase & Co. dropped their price objective on shares of Dominion Energy from $62.00 to $59.00 and set an “underweight” rating on the stock in a research note on Thursday, December 11th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $70.00 target price on shares of Dominion Energy in a research note on Tuesday, October 28th. BMO Capital Markets decreased their target price on Dominion Energy from $67.00 to $65.00 and set a “market perform” rating on the stock in a report on Monday, November 3rd. BTIG Research began coverage on Dominion Energy in a report on Wednesday, October 22nd. They issued a “neutral” rating for the company. Finally, Wells Fargo & Company dropped their target price on Dominion Energy from $67.00 to $64.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 20th. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $64.33.

Dominion Energy Company Profile

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.