John G Ullman & Associates Inc. Sells 700 Shares of Dominion Energy, Inc. (NYSE:D)

John G Ullman & Associates Inc. cut its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 4.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,578 shares of the utilities provider’s stock after selling 700 shares during the quarter. John G Ullman & Associates Inc.’s holdings in Dominion Energy were worth $842,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in D. Price T Rowe Associates Inc. MD raised its holdings in Dominion Energy by 12.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 24,494,873 shares of the utilities provider’s stock valued at $1,204,904,000 after buying an additional 2,801,687 shares during the last quarter. International Assets Investment Management LLC raised its stake in Dominion Energy by 7,438.3% in the third quarter. International Assets Investment Management LLC now owns 1,483,538 shares of the utilities provider’s stock worth $85,734,000 after buying an additional 1,463,858 shares in the last quarter. Jupiter Asset Management Ltd. bought a new stake in Dominion Energy during the 2nd quarter valued at approximately $67,854,000. Assenagon Asset Management S.A. grew its holdings in shares of Dominion Energy by 707.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,211,939 shares of the utilities provider’s stock worth $70,038,000 after acquiring an additional 1,061,829 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Dominion Energy by 6.7% in the second quarter. Bank of New York Mellon Corp now owns 14,979,739 shares of the utilities provider’s stock worth $734,007,000 after purchasing an additional 940,402 shares during the period. 73.04% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

D has been the subject of several research reports. Barclays increased their price target on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. JPMorgan Chase & Co. boosted their target price on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a report 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 report on Monday, August 5th. Scotiabank upped their price target 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. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a research note on Friday, November 8th. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Dominion Energy currently has a consensus rating of “Hold” and an average target price of $55.91.

Dominion Energy Trading Up 0.4 %

D opened at $57.80 on Thursday. Dominion Energy, Inc. has a 12 month low of $43.53 and a 12 month high of $61.97. The stock has a fifty day moving average price of $58.05 and a 200-day moving average price of $54.73. The firm has a market cap of $48.55 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 1.53 and a beta of 0.59. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $4.18 billion. During the same quarter last year, the company earned $0.77 earnings per share. The company’s quarterly revenue was up 3.4% on a year-over-year basis. As a group, equities research analysts anticipate that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be issued a $0.6675 dividend. The ex-dividend date is Friday, November 29th. This represents a $2.67 annualized dividend and a dividend yield of 4.62%. Dominion Energy’s dividend payout ratio (DPR) is presently 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.