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

Alps Advisors Inc. trimmed its stake in Dominion Energy Inc. (NYSE:D) by 1.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor 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 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC boosted its holdings in shares of Dominion Energy by 64.3% in the fourth quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider’s stock valued at $489,000 after purchasing an additional 3,553 shares during the period. Empowered Funds LLC raised its position in 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 purchasing an additional 1,344 shares in the last quarter. Woodline Partners LP raised its position in 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 purchasing an additional 20,522 shares in the last quarter. Intech Investment Management LLC lifted its holdings in shares of Dominion Energy by 71.2% in the 1st quarter. Intech Investment Management LLC now owns 30,460 shares of the utilities provider’s stock worth $1,708,000 after buying an additional 12,663 shares during the period. Finally, Maryland State Retirement & Pension System grew its position in shares of Dominion Energy by 5.9% during the 2nd quarter. Maryland State Retirement & Pension System now owns 41,481 shares of the utilities provider’s stock worth $2,345,000 after buying an additional 2,303 shares in the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Price Performance

NYSE D opened at $62.33 on Friday. The firm’s fifty day simple moving average is $59.61 and its two-hundred day simple moving average is $60.16. The firm has a market capitalization of $53.23 billion, a P/E ratio of 21.20, a P/E/G ratio of 1.69 and a beta of 0.71. The company has a current ratio of 0.84, a quick ratio of 0.65 and a debt-to-equity ratio of 1.41. Dominion Energy Inc. has a 12-month low of $48.07 and a 12-month high of $63.43.

Dominion Energy Dividend Announcement

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

Analysts Set New Price Targets

Several research firms recently weighed in on D. BMO Capital Markets decreased their price objective on Dominion Energy from $67.00 to $65.00 and set a “market perform” rating for the company in a report on Monday, November 3rd. JPMorgan Chase & Co. cut their target price on shares of Dominion Energy from $62.00 to $59.00 and set an “underweight” rating on the stock in a research report on Thursday, December 11th. BTIG Research began coverage on shares of Dominion Energy in a report on Wednesday, October 22nd. They issued a “neutral” rating for the company. TD Cowen initiated coverage on shares of Dominion Energy in a research note on Friday, January 9th. They set a “hold” rating and a $65.00 price objective on the stock. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $70.00 price objective on shares of Dominion Energy in a research note on Tuesday, October 28th. Two analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Dominion Energy has a consensus rating of “Hold” and a consensus target price 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.