New Potomac Partners LLC lessened its stake in Dominion Energy Inc (NYSE:D) by 20.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,675 shares of the utilities provider’s stock after selling 425 shares during the period. New Potomac Partners LLC’s holdings in Dominion Energy were worth $136,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of D. Benjamin Edwards Inc. bought a new stake in Dominion Energy during the second quarter valued at $26,000. Atwater Malick LLC bought a new stake in Dominion Energy during the third quarter valued at $28,000. Manchester Financial Inc. bought a new stake in Dominion Energy during the second quarter valued at $27,000. NuWave Investment Management LLC increased its stake in Dominion Energy by 651.0% during the second quarter. NuWave Investment Management LLC now owns 368 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 319 shares during the last quarter. Finally, Vista Private Wealth Partners. LLC bought a new stake in Dominion Energy during the third quarter valued at $37,000. Institutional investors and hedge funds own 65.20% of the company’s stock.
Several research firms have weighed in on D. Credit Suisse Group upgraded shares of Dominion Energy from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. boosted their target price on shares of Dominion Energy from $78.00 to $86.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Zacks Investment Research lowered shares of Dominion Energy from a “hold” rating to a “sell” rating and set a $83.00 target price for the company. in a research note on Thursday, July 4th. Wolfe Research upgraded shares of Dominion Energy from a “peer perform” rating to an “outperform” rating in a research report on Thursday, August 1st. Finally, TheStreet upgraded shares of Dominion Energy from a “c+” rating to a “b-” rating in a research report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $81.09.
Shares of Dominion Energy stock traded up $0.10 during trading on Monday, hitting $82.26. 58,987 shares of the stock were exchanged, compared to its average volume of 3,448,355. The stock’s fifty day moving average is $79.83 and its 200 day moving average is $77.21. The stock has a market cap of $66.18 billion, a PE ratio of 20.32, a P/E/G ratio of 4.10 and a beta of 0.22. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.42 and a current ratio of 0.60. Dominion Energy Inc has a 12 month low of $67.41 and a 12 month high of $82.68.
Dominion Energy (NYSE:D) last released its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.77 EPS for the quarter, topping the consensus estimate of $0.75 by $0.02. The business had revenue of $3.97 billion during the quarter, compared to analyst estimates of $4.21 billion. Dominion Energy had a net margin of 5.94% and a return on equity of 11.74%. The company’s quarterly revenue was up 28.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.86 earnings per share. Sell-side analysts anticipate that Dominion Energy Inc will post 4.16 EPS for the current fiscal year.
About Dominion Energy
Dominion Energy, Inc produces and transports energy. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities.
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