Dominion Energy, Inc. (NYSE:D) Shares Sold by Resources Management Corp CT ADV

Resources Management Corp CT ADV reduced its stake in shares of Dominion Energy, Inc. (NYSE:D) by 5.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,299 shares of the utilities provider’s stock after selling 250 shares during the period. Resources Management Corp CT ADV’s holdings in Dominion Energy were worth $248,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. BLB&B Advisors LLC lifted its holdings in Dominion Energy by 2.5% in the third quarter. BLB&B Advisors LLC now owns 7,223 shares of the utilities provider’s stock valued at $417,000 after acquiring an additional 173 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC lifted its holdings in Dominion Energy by 1.8% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 10,909 shares of the utilities provider’s stock valued at $535,000 after acquiring an additional 195 shares during the last quarter. Cobblestone Capital Advisors LLC NY lifted its holdings in Dominion Energy by 2.6% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 7,786 shares of the utilities provider’s stock valued at $450,000 after acquiring an additional 195 shares during the last quarter. Valley National Advisers Inc. lifted its holdings in 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 acquiring an additional 198 shares during the last quarter. Finally, Altman Advisors Inc. lifted its holdings in Dominion Energy by 0.7% in the second quarter. Altman Advisors Inc. now owns 29,031 shares of the utilities provider’s stock valued at $1,423,000 after acquiring an additional 198 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on D. Morgan Stanley began coverage on Dominion Energy in a research report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 target price on the stock. The Goldman Sachs Group reissued a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th. Barclays boosted their target price on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Jefferies Financial Group began coverage on Dominion Energy in a research report on Friday, September 20th. They issued a “hold” rating and a $58.00 target price on the stock. Finally, Scotiabank boosted their target price on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Eleven 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, the stock presently has a consensus rating of “Hold” and an average price target of $56.33.

Dominion Energy Stock Performance

NYSE D opened at $55.04 on Wednesday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. Dominion Energy, Inc. has a 1 year low of $43.53 and a 1 year high of $61.97. The company has a market capitalization of $46.23 billion, a PE ratio of 19.31, a P/E/G ratio of 1.49 and a beta of 0.59. The company has a fifty day moving average of $58.09 and a two-hundred day moving average of $55.19.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.05. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The company had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $4.18 billion. During the same quarter in the prior year, the firm posted $0.77 earnings per share. Dominion Energy’s revenue for the quarter was up 3.4% on a year-over-year basis. As a group, analysts expect that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.67 annualized dividend and a dividend yield of 4.85%. Dominion Energy’s dividend payout ratio (DPR) is 93.68%.

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.