D.A. Davidson & CO. Sells 766 Shares of Dominion Energy Inc. (NYSE:D)

D.A. Davidson & CO. cut its holdings in shares of Dominion Energy Inc. (NYSE:D) by 1.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,685 shares of the utilities provider’s stock after selling 766 shares during the period. D.A. Davidson & CO.’s holdings in Dominion Energy were worth $3,178,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cadence Bank lifted its holdings in Dominion Energy by 2.0% during the 4th quarter. Cadence Bank now owns 9,561 shares of the utilities provider’s stock worth $515,000 after buying an additional 189 shares during the period. Dynamic Advisor Solutions LLC lifted its holdings in Dominion Energy by 3.3% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 6,022 shares of the utilities provider’s stock worth $338,000 after buying an additional 193 shares during the period. Choate Investment Advisors lifted its holdings in Dominion Energy by 5.4% during the 4th quarter. Choate Investment Advisors now owns 3,880 shares of the utilities provider’s stock worth $209,000 after buying an additional 198 shares during the period. Centre Asset Management LLC lifted its holdings in Dominion Energy by 3.3% during the 1st quarter. Centre Asset Management LLC now owns 6,251 shares of the utilities provider’s stock worth $350,000 after buying an additional 198 shares during the period. Finally, Cornerstone Wealth Group LLC lifted its holdings in Dominion Energy by 1.1% during the 1st quarter. Cornerstone Wealth Group LLC now owns 18,229 shares of the utilities provider’s stock worth $1,022,000 after buying an additional 202 shares during the period. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Stock Performance

Shares of D opened at $56.98 on Friday. The stock has a 50-day moving average of $55.57 and a 200-day moving average of $54.82. Dominion Energy Inc. has a one year low of $48.07 and a one year high of $61.97. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.73 and a quick ratio of 0.53. The company has a market cap of $48.59 billion, a PE ratio of 21.34, a P/E/G ratio of 1.23 and a beta of 0.56.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. Dominion Energy had a return on equity of 9.51% and a net margin of 15.55%. The business had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $3.95 billion. During the same period in the prior year, the business earned $0.55 EPS. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, equities research analysts predict that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Thursday, May 29th were paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date was Thursday, May 29th. Dominion Energy’s dividend payout ratio (DPR) is currently 100.00%.

Analyst Upgrades and Downgrades

Several research analysts have commented on D shares. UBS Group lifted their target price on Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Argus raised Dominion Energy to a “hold” rating in a report on Tuesday, March 25th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $52.00 target price (down from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. Finally, Morgan Stanley dropped their price objective on Dominion Energy from $62.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 18th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $58.38.

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.