Dominion Energy, Inc. (NYSE:D) Stock Holdings Decreased by Empower Advisory Group LLC

Empower Advisory Group LLC lessened its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 0.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 252,810 shares of the utilities provider’s stock after selling 1,045 shares during the period. Empower Advisory Group LLC’s holdings in Dominion Energy were worth $14,610,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of D. Family Firm Inc. bought a new stake in shares of Dominion Energy during the 2nd quarter valued at about $27,000. Sanctuary Wealth Management L.L.C. bought a new stake in shares of Dominion Energy during the 3rd quarter valued at about $28,000. LRI Investments LLC bought a new stake in shares of Dominion Energy during the 1st quarter valued at about $30,000. Triad Wealth Partners LLC bought a new position in Dominion Energy in the 2nd quarter worth about $33,000. Finally, Opal Wealth Advisors LLC bought a new position in Dominion Energy in the 2nd quarter worth about $35,000. Institutional investors own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. BMO Capital Markets upped 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. Jefferies Financial Group assumed coverage on shares of Dominion Energy in a research report on Friday, September 20th. They issued a “hold” rating and a $58.00 target price for the company. JPMorgan Chase & Co. upped their target price 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. 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 report on Tuesday, August 20th. Finally, 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. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Dominion Energy has a consensus rating of “Hold” and a consensus price target of $55.91.

Dominion Energy Trading Down 0.8 %

Dominion Energy stock opened at $56.58 on Thursday. The firm has a market cap of $47.53 billion, a price-to-earnings ratio of 19.85, a price-to-earnings-growth ratio of 1.52 and a beta of 0.59. Dominion Energy, Inc. has a 1 year low of $43.53 and a 1 year high of $61.97. The firm’s 50 day moving average price is $58.06 and its two-hundred day moving average price is $54.50. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74.

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

Dominion Energy Dividend Announcement

The business 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. This represents a $2.67 annualized dividend and a dividend yield of 4.72%. The ex-dividend date is Friday, November 29th. Dominion Energy’s dividend payout ratio is 93.68%.

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.