Dominion Energy, Inc. (NYSE:D) Shares Sold by Raymond James & Associates

Raymond James & Associates reduced its holdings in Dominion Energy, Inc. (NYSE:D) by 26.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,302,487 shares of the utilities provider’s stock after selling 463,878 shares during the quarter. Raymond James & Associates’ holdings in Dominion Energy were worth $75,271,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Pinnacle Wealth Management Advisory Group LLC boosted its holdings in shares of Dominion Energy by 1.8% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 10,909 shares of the utilities provider’s stock valued at $535,000 after purchasing an additional 195 shares during the last quarter. Valley National Advisers Inc. grew its position in Dominion Energy by 8.6% during the second quarter. Valley National Advisers Inc. now owns 2,504 shares of the utilities provider’s stock valued at $122,000 after acquiring an additional 198 shares during the period. Altman Advisors Inc. grew its position in Dominion Energy by 0.7% during the second quarter. Altman Advisors Inc. now owns 29,031 shares of the utilities provider’s stock valued at $1,423,000 after acquiring an additional 198 shares during the period. Centennial Wealth Advisory LLC increased its stake in Dominion Energy by 2.8% during the second quarter. Centennial Wealth Advisory LLC now owns 7,381 shares of the utilities provider’s stock worth $362,000 after acquiring an additional 199 shares during the last quarter. Finally, Thomasville National Bank raised its holdings in shares of Dominion Energy by 1.2% in the 3rd quarter. Thomasville National Bank now owns 17,308 shares of the utilities provider’s stock worth $1,000,000 after purchasing an additional 204 shares during the period. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on D. BMO Capital Markets increased their target price on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. increased their price objective on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Jefferies Financial Group initiated coverage on shares of Dominion Energy in a report on Friday, September 20th. They set a “hold” rating and a $58.00 target price on the stock. Barclays increased their price target on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Finally, Scotiabank boosted their price objective on Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $55.40.

Dominion Energy Stock Up 0.2 %

Shares of Dominion Energy stock opened at $60.03 on Tuesday. Dominion Energy, Inc. has a 1-year low of $39.18 and a 1-year high of $60.73. The company has a market capitalization of $50.28 billion, a PE ratio of 30.94, a P/E/G ratio of 1.60 and a beta of 0.60. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.78. The business has a 50-day moving average of $57.21 and a 200-day moving average of $53.44.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.09. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The firm had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.73 billion. During the same quarter last year, the firm earned $0.53 EPS. Dominion Energy’s quarterly revenue was up 10.1% on a year-over-year basis. As a group, equities analysts forecast that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 30th were issued a $0.6675 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.67 annualized dividend and a yield of 4.45%. Dominion Energy’s dividend payout ratio is presently 137.63%.

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.