EP Wealth Advisors LLC Lowers Holdings in Dominion Energy, Inc. (NYSE:D)

EP Wealth Advisors LLC decreased its position in Dominion Energy, Inc. (NYSE:D) by 16.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,885 shares of the utilities provider’s stock after selling 1,365 shares during the period. EP Wealth Advisors LLC’s holdings in Dominion Energy were worth $324,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in Dominion Energy by 9.0% during the third quarter. JPMorgan Chase & Co. now owns 23,394,919 shares of the utilities provider’s stock worth $1,045,051,000 after buying an additional 1,928,823 shares during the period. Capital Research Global Investors lifted its holdings in Dominion Energy by 136.5% during the fourth quarter. Capital Research Global Investors now owns 17,970,856 shares of the utilities provider’s stock worth $844,630,000 after buying an additional 10,370,768 shares during the period. Wellington Management Group LLP lifted its holdings in Dominion Energy by 631.2% during the third quarter. Wellington Management Group LLP now owns 16,339,785 shares of the utilities provider’s stock worth $729,898,000 after buying an additional 14,105,237 shares during the period. Northern Trust Corp lifted its holdings in Dominion Energy by 2.7% during the third quarter. Northern Trust Corp now owns 8,527,408 shares of the utilities provider’s stock worth $380,919,000 after buying an additional 220,238 shares during the period. Finally, Federated Hermes Inc. lifted its holdings in Dominion Energy by 1.0% during the fourth quarter. Federated Hermes Inc. now owns 7,612,107 shares of the utilities provider’s stock worth $357,769,000 after buying an additional 75,600 shares during the period. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

D has been the topic of a number of recent analyst reports. Barclays reduced their price target on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, April 15th. Evercore ISI upped their price target on Dominion Energy from $47.00 to $53.00 and gave the stock an “in-line” rating in a research report on Friday, May 3rd. Mizuho upped their price target on Dominion Energy from $45.00 to $52.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Bank of America raised Dominion Energy from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $43.00 to $54.00 in a research report on Friday, May 10th. Finally, StockNews.com raised Dominion Energy from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $51.73.

Dominion Energy Price Performance

NYSE:D opened at $49.42 on Thursday. Dominion Energy, Inc. has a one year low of $39.18 and a one year high of $54.74. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.94 and a current ratio of 1.05. The firm has a market cap of $41.39 billion, a price-to-earnings ratio of 25.47, a PEG ratio of 1.32 and a beta of 0.60. The firm’s fifty day moving average is $51.51 and its two-hundred day moving average is $48.63.

Dominion Energy (NYSE:D) last posted its earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.04. Dominion Energy had a net margin of 11.57% and a return on equity of 7.50%. The business had revenue of $3.63 billion for the quarter, compared to analyst estimates of $4.34 billion. During the same period in the prior year, the company posted $0.99 EPS. The company’s revenue for the quarter was down 6.5% on a year-over-year basis. Research analysts expect that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, May 31st will be paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date of this dividend is Friday, May 31st. Dominion Energy’s dividend payout ratio is presently 137.63%.

Dominion Energy 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.