Raymond James Trust N.A. cut its holdings in shares of Dominion Energy Inc (NYSE:D) by 20.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 47,766 shares of the utilities provider’s stock after selling 12,510 shares during the quarter. Raymond James Trust N.A.’s holdings in Dominion Energy were worth $3,770,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Larson Financial Group LLC increased its stake in shares of Dominion Energy by 110.5% in the second quarter. Larson Financial Group LLC now owns 381 shares of the utilities provider’s stock worth $31,000 after buying an additional 200 shares during the period. Demars Financial Group LLC purchased a new position in shares of Dominion Energy in the second quarter worth $32,000. Rockbridge Investment Management LCC purchased a new position in shares of Dominion Energy in the second quarter worth $32,000. Blue Square Asset Management LLC purchased a new position in shares of Dominion Energy in the second quarter worth $39,000. Finally, Crewe Advisors LLC purchased a new position in shares of Dominion Energy in the third quarter worth $38,000. 66.53% of the stock is currently owned by institutional investors.
D has been the topic of several analyst reports. TheStreet downgraded shares of Dominion Energy from a “b-” rating to a “c+” rating in a research note on Friday, July 31st. JPMorgan Chase & Co. raised shares of Dominion Energy from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $82.00 to $84.00 in a research note on Tuesday, September 29th. Mizuho downgraded shares of Dominion Energy from a “neutral” rating to an “underperform” rating and set a $68.00 target price on the stock. in a research note on Tuesday, July 7th. Credit Suisse Group downgraded shares of Dominion Energy from an “outperform” rating to a “neutral” rating and set a $75.00 target price on the stock. in a research note on Tuesday, July 7th. Finally, UBS Group reiterated a “buy” rating and issued a $92.00 price target on shares of Dominion Energy in a report on Monday, July 6th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $81.94.
In other news, CEO Thomas F. Farrell II sold 50,000 shares of the business’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $80.63, for a total transaction of $4,031,500.00. Following the sale, the chief executive officer now owns 1,101,044 shares in the company, valued at approximately $88,777,177.72. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.26% of the company’s stock.
Shares of D stock opened at $81.41 on Friday. Dominion Energy Inc has a 12 month low of $57.79 and a 12 month high of $90.89. The stock has a market cap of $68.40 billion, a PE ratio of 110.01, a price-to-earnings-growth ratio of 6.58 and a beta of 0.36. The company has a current ratio of 0.64, a quick ratio of 0.46 and a debt-to-equity ratio of 1.30. The company’s fifty day moving average price is $79.20 and its 200-day moving average price is $79.42.
Dominion Energy (NYSE:D) last announced its earnings results on Friday, July 31st. The utilities provider reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.05. Dominion Energy had a net margin of 3.77% and a return on equity of 12.09%. The firm had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter in the previous year, the business posted $0.77 EPS. The company’s quarterly revenue was down 9.7% on a year-over-year basis. On average, sell-side analysts forecast that Dominion Energy Inc will post 3.55 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Sunday, September 20th. Stockholders of record on Friday, September 4th were issued a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date was Thursday, September 3rd. Dominion Energy’s dividend payout ratio (DPR) is presently 88.68%.
Dominion Energy Company Profile
Dominion Energy, Inc produces and transports energy. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities.
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