Violich Capital Management Inc. Trims Position in Dominion Energy, Inc. (NYSE:D)

Violich Capital Management Inc. trimmed its position in shares of Dominion Energy, Inc. (NYSE:D) by 12.0% during the fourth quarter, HoldingsChannel reports. The fund owned 5,155 shares of the utilities provider’s stock after selling 700 shares during the quarter. Violich Capital Management Inc.’s holdings in Dominion Energy were worth $278,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Summit Trail Advisors LLC increased its stake in shares of Dominion Energy by 83.1% during the fourth quarter. Summit Trail Advisors LLC now owns 10,194 shares of the utilities provider’s stock worth $549,000 after acquiring an additional 4,626 shares during the period. Principle Wealth Partners LLC grew its position in Dominion Energy by 268.0% during the fourth quarter. Principle Wealth Partners LLC now owns 40,695 shares of the utilities provider’s stock worth $2,192,000 after buying an additional 29,638 shares during the period. Global Wealth Management Investment Advisory Inc. acquired a new position in Dominion Energy during the fourth quarter worth about $4,141,000. Savant Capital LLC grew its position in Dominion Energy by 4.2% during the fourth quarter. Savant Capital LLC now owns 12,736 shares of the utilities provider’s stock worth $686,000 after buying an additional 515 shares during the period. Finally, Newbridge Financial Services Group Inc. grew its position in Dominion Energy by 94.4% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 6,440 shares of the utilities provider’s stock worth $347,000 after buying an additional 3,128 shares during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Stock Performance

Shares of D opened at $55.29 on Tuesday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The company has a market capitalization of $46.45 billion, a price-to-earnings ratio of 19.40, a PEG ratio of 1.18 and a beta of 0.61. The company’s 50 day simple moving average is $54.51 and its 200 day simple moving average is $56.23. Dominion Energy, Inc. has a 1 year low of $43.53 and a 1 year high of $61.97.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s dividend payout ratio is currently 93.68%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. The Goldman Sachs Group restated a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th. Barclays upped their target price on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Morgan Stanley began coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price target on the stock. Finally, Scotiabank increased their price target on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Eleven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus 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.