Dominion Energy, Inc. (NYSE:D) Shares Sold by PBMares Wealth Management LLC

PBMares Wealth Management LLC lessened its holdings in Dominion Energy, Inc. (NYSE:D) by 3.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,515 shares of the utilities provider’s stock after selling 709 shares during the period. PBMares Wealth Management LLC’s holdings in Dominion Energy were worth $1,070,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of D. BLB&B Advisors LLC boosted its position in shares of Dominion Energy by 2.5% during the 3rd quarter. BLB&B Advisors LLC now owns 7,223 shares of the utilities provider’s stock worth $417,000 after purchasing an additional 173 shares during the period. Pinnacle Wealth Management Advisory Group LLC boosted its position in shares of Dominion Energy by 1.8% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 10,909 shares of the utilities provider’s stock worth $535,000 after buying an additional 195 shares during the period. Valley National Advisers Inc. grew its stake in shares of Dominion Energy by 8.6% in the second quarter. Valley National Advisers Inc. now owns 2,504 shares of the utilities provider’s stock valued at $122,000 after buying an additional 198 shares in the last quarter. Altman Advisors Inc. raised its holdings in shares of Dominion Energy by 0.7% in the 2nd quarter. Altman Advisors Inc. now owns 29,031 shares of the utilities provider’s stock valued at $1,423,000 after buying an additional 198 shares during the period. Finally, Centennial Wealth Advisory LLC lifted its stake in Dominion Energy by 2.8% during the 2nd 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 in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on D. JPMorgan Chase & Co. raised their price target on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. BMO Capital Markets lifted their target price on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Jefferies Financial Group initiated coverage on Dominion Energy in a report on Friday, September 20th. They set a “hold” rating and a $58.00 price target on the stock. Barclays lifted their price objective on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Finally, Scotiabank upped their target price on shares of 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 assigned a buy rating to the company’s stock. According to MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and an average target price of $55.40.

Dominion Energy Stock Performance

NYSE:D traded down $1.01 during trading hours on Tuesday, reaching $59.11. 962,696 shares of the company’s stock were exchanged, compared to its average volume of 4,354,413. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $49.51 billion, a price-to-earnings ratio of 30.99, a P/E/G ratio of 1.59 and a beta of 0.60. Dominion Energy, Inc. has a 1-year low of $39.44 and a 1-year high of $61.26. The company has a 50-day moving average of $57.67 and a 200 day moving average of $53.84.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.09. The company had revenue of $3.49 billion during 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%. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period last year, the firm earned $0.53 EPS. Research analysts anticipate that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 30th were given a $0.6675 dividend. The ex-dividend date was Friday, August 30th. This represents a $2.67 dividend on an annualized basis and a yield of 4.52%. Dominion Energy’s payout ratio is currently 137.63%.

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.