Daymark Wealth Partners LLC Cuts Position in Dominion Energy, Inc. (NYSE:D)

Daymark Wealth Partners LLC lessened its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 2.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,878 shares of the utilities provider’s stock after selling 268 shares during the period. Daymark Wealth Partners LLC’s holdings in Dominion Energy were worth $686,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Caprock Group LLC increased its stake in Dominion Energy by 133.0% in the second quarter. Caprock Group LLC now owns 9,679 shares of the utilities provider’s stock valued at $474,000 after purchasing an additional 5,525 shares during the period. SG Americas Securities LLC lifted its position in Dominion Energy by 105.0% during the 1st quarter. SG Americas Securities LLC now owns 97,105 shares of the utilities provider’s stock worth $4,777,000 after acquiring an additional 49,740 shares during the period. Wedmont Private Capital grew its stake in shares of Dominion Energy by 14.1% in the 1st quarter. Wedmont Private Capital now owns 4,822 shares of the utilities provider’s stock valued at $239,000 after purchasing an additional 596 shares during the last quarter. Intech Investment Management LLC purchased a new position in Dominion Energy during the 1st quarter worth $708,000. Finally, QRG Capital Management Inc. acquired a new stake in shares of Dominion Energy in the 1st quarter worth $272,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on D. Scotiabank raised their price target on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. BMO Capital Markets boosted 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 target on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Finally, Jefferies Financial Group started coverage on shares of Dominion Energy in a report on Friday, September 20th. They set a “hold” rating and a $58.00 price objective on the stock. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $54.50.

Dominion Energy Stock Down 1.6 %

D stock opened at $55.47 on Friday. 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 company’s 50 day simple moving average is $56.64 and its 200-day simple moving average is $52.86. Dominion Energy, Inc. has a 12 month low of $39.18 and a 12 month high of $58.94. The firm has a market capitalization of $46.54 billion, a PE ratio of 29.19, a P/E/G ratio of 1.50 and a beta of 0.60.

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

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 30th were paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date was Friday, August 30th. Dominion Energy’s payout ratio is 140.53%.

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.