GoalVest Advisory LLC lessened its holdings in shares of Dominion Energy, Inc. (NYSE:D – Free Report) by 18.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,147 shares of the utilities provider’s stock after selling 4,451 shares during the period. GoalVest Advisory LLC’s holdings in Dominion Energy were worth $992,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in D. Nations Financial Group Inc. IA ADV lifted its holdings in Dominion Energy by 1.2% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 10,630 shares of the utilities provider’s stock worth $903,000 after buying an additional 128 shares in the last quarter. Golden State Equity Partners increased its position in shares of Dominion Energy by 1.7% in the 1st quarter. Golden State Equity Partners now owns 7,635 shares of the utilities provider’s stock valued at $649,000 after purchasing an additional 129 shares during the last quarter. Covestor Ltd increased its position in shares of Dominion Energy by 49.8% in the 1st quarter. Covestor Ltd now owns 394 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 131 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of Dominion Energy by 0.3% in the 1st quarter. NewEdge Advisors LLC now owns 40,479 shares of the utilities provider’s stock valued at $3,440,000 after purchasing an additional 132 shares during the last quarter. Finally, Ergoteles LLC increased its position in shares of Dominion Energy by 3.2% in the 1st quarter. Ergoteles LLC now owns 4,719 shares of the utilities provider’s stock valued at $401,000 after purchasing an additional 146 shares during the last quarter. Hedge funds and other institutional investors own 70.66% of the company’s stock.
Dominion Energy Stock Up 0.8 %
D stock opened at $47.75 on Friday. Dominion Energy, Inc. has a one year low of $45.76 and a one year high of $77.84. The stock has a market capitalization of $39.96 billion, a PE ratio of 17.69, a price-to-earnings-growth ratio of 3.73 and a beta of 0.46. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.44 and a current ratio of 0.57. The company has a fifty day moving average of $49.51 and a 200-day moving average of $52.56.
Dominion Energy (NYSE:D – Get Free Report) last released its earnings results on Friday, August 4th. The utilities provider reported $0.53 EPS for the quarter, topping the consensus estimate of $0.48 by $0.05. Dominion Energy had a net margin of 12.71% and a return on equity of 11.94%. The company had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter last year, the business earned $0.77 EPS. The business’s revenue was up 5.5% on a year-over-year basis. As a group, analysts expect that Dominion Energy, Inc. will post 3.2 EPS for the current year.
Dominion Energy Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Friday, September 1st were paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 5.59%. The ex-dividend date was Thursday, August 31st. Dominion Energy’s dividend payout ratio (DPR) is presently 98.89%.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on D shares. Scotiabank dropped their price objective on shares of Dominion Energy from $68.00 to $60.00 and set a “sector outperform” rating on the stock in a research report on Monday, September 11th. Wells Fargo & Company dropped their price objective on shares of Dominion Energy from $61.00 to $55.00 in a research report on Monday, July 3rd. The Goldman Sachs Group began coverage on shares of Dominion Energy in a research report on Wednesday, June 7th. They issued a “neutral” rating on the stock. 51job reaffirmed a “maintains” rating on shares of Dominion Energy in a research report on Friday, June 9th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Dominion Energy from $57.00 to $55.00 and set a “neutral” rating on the stock in a research report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Dominion Energy currently has a consensus rating of “Hold” and a consensus target price of $55.15.
Dominion Energy Profile
Dominion Energy, Inc produces and distributes energy in the United States. It operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.7 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.