Folger Nolan Fleming Douglas Capital Management Inc. Decreases Position in Dominion Energy, Inc. (NYSE:D)

Folger Nolan Fleming Douglas Capital Management Inc. decreased its position in Dominion Energy, Inc. (NYSE:D) by 3.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,655 shares of the utilities provider’s stock after selling 1,443 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Dominion Energy were worth $2,465,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Family Firm Inc. bought a new position in Dominion Energy during the second quarter worth about $27,000. LRI Investments LLC purchased a new stake in shares of Dominion Energy during the 1st quarter valued at approximately $32,000. Triad Wealth Partners LLC bought a new position in Dominion Energy in the 2nd quarter worth approximately $33,000. Opal Wealth Advisors LLC purchased a new position in Dominion Energy in the 2nd quarter valued at approximately $35,000. Finally, Kimelman & Baird LLC bought a new stake in Dominion Energy during the 2nd quarter valued at $36,000. 73.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on D shares. Jefferies Financial Group began coverage on Dominion Energy in a report on Friday, September 20th. They issued a “hold” rating and a $58.00 price target for the company. Barclays lifted their target price on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. raised their price objective 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 boosted their price objective on shares of Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research note on Monday, August 5th. Finally, Scotiabank raised their price target on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $55.40.

Dominion Energy Stock Down 0.3 %

Shares of NYSE:D opened at $58.46 on Thursday. The firm has a market capitalization of $48.97 billion, a PE ratio of 30.13, a price-to-earnings-growth ratio of 1.59 and a beta of 0.60. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.78 and a current ratio of 0.93. Dominion Energy, Inc. has a 52-week low of $39.44 and a 52-week high of $61.26. The firm has a fifty day moving average of $57.76 and a 200 day moving average of $53.94.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.09. The firm 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 company’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.53 EPS. As a group, research analysts anticipate that Dominion Energy, Inc. will post 2.76 EPS for the current fiscal year.

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.