Atria Investments Inc Reduces Stake in Dominion Energy, Inc. (NYSE:D)

Atria Investments Inc lessened its stake in shares of Dominion Energy, Inc. (NYSE:D) by 32.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 55,369 shares of the utilities provider’s stock after selling 26,915 shares during the quarter. Atria Investments Inc’s holdings in Dominion Energy were worth $3,200,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BLB&B Advisors LLC raised its position in shares of Dominion Energy by 2.5% in the third quarter. BLB&B Advisors LLC now owns 7,223 shares of the utilities provider’s stock worth $417,000 after buying an additional 173 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC raised 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 acquiring an additional 195 shares in the last quarter. Valley National Advisers Inc. boosted its position in shares of Dominion Energy by 8.6% during the 2nd 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 last quarter. Altman Advisors Inc. grew its holdings in shares of Dominion Energy by 0.7% during the second quarter. Altman Advisors Inc. now owns 29,031 shares of the utilities provider’s stock worth $1,423,000 after purchasing an additional 198 shares in the last quarter. Finally, Centennial Wealth Advisory LLC increased its position in shares of Dominion Energy by 2.8% in the second quarter. Centennial Wealth Advisory LLC now owns 7,381 shares of the utilities provider’s stock worth $362,000 after purchasing an additional 199 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

D has been the subject of several research analyst reports. Jefferies Financial Group assumed coverage on shares of Dominion Energy in a research report on Friday, September 20th. They set a “hold” rating and a $58.00 target price for the company. Barclays upped their target price on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. JPMorgan Chase & Co. increased their target price on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. BMO Capital Markets lifted their price target on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $55.91.

Dominion Energy Price Performance

Shares of Dominion Energy stock opened at $56.58 on Thursday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. Dominion Energy, Inc. has a one year low of $43.53 and a one year high of $61.97. The business’s 50 day simple moving average is $58.06 and its two-hundred day simple moving average is $54.50. The stock has a market capitalization of $47.53 billion, a P/E ratio of 19.85, a price-to-earnings-growth ratio of 1.52 and a beta of 0.59.

Dominion Energy (NYSE:D) last issued its earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, topping the consensus estimate of $0.93 by $0.05. The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.77 earnings per share. Analysts forecast that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.72%. Dominion Energy’s dividend payout ratio is currently 93.68%.

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.