Raymond James Trust N.A. Cuts Holdings in Dominion Energy Inc (NYSE:D)

Raymond James Trust N.A. decreased its position in Dominion Energy Inc (NYSE:D) by 2.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 63,136 shares of the utilities provider’s stock after selling 1,641 shares during the period. Raymond James Trust N.A.’s holdings in Dominion Energy were worth $5,229,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Prestige Wealth Management Group LLC grew its position in shares of Dominion Energy by 313.3% in the third quarter. Prestige Wealth Management Group LLC now owns 310 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 235 shares during the period. Atwater Malick LLC acquired a new stake in shares of Dominion Energy in the third quarter valued at about $28,000. Vista Private Wealth Partners. LLC acquired a new stake in shares of Dominion Energy in the third quarter valued at about $37,000. West Oak Capital LLC acquired a new stake in shares of Dominion Energy in the third quarter valued at about $61,000. Finally, Ellis Investment Partners LLC grew its position in shares of Dominion Energy by 165.6% in the third quarter. Ellis Investment Partners LLC now owns 802 shares of the utilities provider’s stock valued at $65,000 after purchasing an additional 500 shares during the period. 65.38% of the stock is owned by institutional investors.

In related news, CEO Diane Leopold sold 11,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $82.48, for a total transaction of $948,520.00. Following the sale, the chief executive officer now directly owns 60,564 shares of the company’s stock, valued at approximately $4,995,318.72. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.26% of the stock is owned by corporate insiders.

Shares of Dominion Energy stock traded down $0.10 on Tuesday, reaching $81.95. The company had a trading volume of 2,871,953 shares, compared to its average volume of 2,461,050. The firm’s 50 day moving average price is $81.86 and its two-hundred day moving average price is $79.66. The firm has a market cap of $67.56 billion, a PE ratio of 20.23, a PEG ratio of 3.94 and a beta of 0.22. Dominion Energy Inc has a 52-week low of $67.41 and a 52-week high of $83.93. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.37 and a current ratio of 0.51.

Dominion Energy (NYSE:D) last announced its earnings results on Friday, November 1st. The utilities provider reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.02. Dominion Energy had a net margin of 6.40% and a return on equity of 11.65%. The firm had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.51 billion. During the same period in the prior year, the firm earned $1.15 EPS. The firm’s revenue for the quarter was up 23.7% on a year-over-year basis. As a group, sell-side analysts predict that Dominion Energy Inc will post 4.21 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a dividend of $0.9175 per share. This represents a $3.67 annualized dividend and a yield of 4.48%. The ex-dividend date of this dividend was Thursday, December 5th. Dominion Energy’s payout ratio is currently 90.62%.

Several analysts have recently issued reports on the stock. Morgan Stanley dropped their target price on shares of Dominion Energy from $89.00 to $87.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Argus boosted their price target on shares of Dominion Energy from $83.00 to $87.00 and gave the stock a “buy” rating in a research report on Tuesday, December 24th. Wells Fargo & Co restated a “hold” rating on shares of Dominion Energy in a research report on Friday, November 1st. TheStreet upgraded shares of Dominion Energy from a “c+” rating to a “b-” rating in a research report on Thursday, September 19th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Dominion Energy from $78.00 to $86.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $81.60.

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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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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