Moors & Cabot Inc. Trims Stock Position in Dominion Energy, Inc. (NYSE:D)

Moors & Cabot Inc. cut its stake in Dominion Energy, Inc. (NYSE:D) by 7.2% in the 3rd quarter, Holdings Channel reports. The fund owned 25,389 shares of the utilities provider’s stock after selling 1,981 shares during the quarter. Moors & Cabot Inc.’s holdings in Dominion Energy were worth $1,467,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Bessemer Group Inc. increased its stake in shares of Dominion Energy by 3.2% during the first quarter. Bessemer Group Inc. now owns 12,112 shares of the utilities provider’s stock valued at $596,000 after purchasing an additional 375 shares in the last quarter. Lake Street Advisors Group LLC purchased a new position in shares of Dominion Energy in the first quarter valued at about $278,000. CANADA LIFE ASSURANCE Co grew its holdings in Dominion Energy by 0.3% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 350,154 shares of the utilities provider’s stock valued at $17,232,000 after buying an additional 1,042 shares in the last quarter. EP Wealth Advisors LLC boosted its stake in Dominion Energy by 10.7% during the first quarter. EP Wealth Advisors LLC now owns 7,624 shares of the utilities provider’s stock valued at $375,000 after buying an additional 739 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new position in shares of Dominion Energy in the first quarter valued at $2,850,000. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Stock Up 1.0 %

D opened at $58.36 on Friday. The company has a market cap of $49.03 billion, a PE ratio of 20.48, a price-to-earnings-growth ratio of 1.53 and a beta of 0.59. 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, Inc. has a 1 year low of $43.53 and a 1 year high of $61.97. The firm has a 50 day moving average price of $58.07 and a 200 day moving average price of $54.76.

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

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be paid a $0.6675 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.67 annualized dividend and a dividend yield of 4.57%. Dominion Energy’s payout ratio is currently 93.68%.

Analysts Set New Price Targets

Several brokerages have issued reports on D. Jefferies Financial Group started coverage on shares of Dominion Energy in a research note on Friday, September 20th. They issued a “hold” rating and a $58.00 price objective for the company. The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th. Barclays raised 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. lifted their price objective 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, 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 note on Monday, August 5th. Ten 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, Dominion Energy presently has an average rating of “Hold” and an average price target of $55.91.

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.