Dominion Energy, Inc. (NYSE:D) Shares Sold by Keudell Morrison Wealth Management

Keudell Morrison Wealth Management lowered its holdings in Dominion Energy, Inc. (NYSE:D) by 41.1% in the third quarter, Holdings Channel.com reports. The fund owned 4,597 shares of the utilities provider’s stock after selling 3,202 shares during the quarter. Keudell Morrison Wealth Management’s holdings in Dominion Energy were worth $266,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in D. Mirae Asset Global Investments Co. Ltd. grew its position in Dominion Energy by 17.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 152,020 shares of the utilities provider’s stock worth $7,523,000 after buying an additional 22,982 shares during the period. Empirical Finance LLC increased its stake in Dominion Energy by 3.5% in the 1st quarter. Empirical Finance LLC now owns 29,858 shares of the utilities provider’s stock valued at $1,469,000 after purchasing an additional 1,015 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in Dominion Energy by 0.3% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 107,254 shares of the utilities provider’s stock worth $5,276,000 after purchasing an additional 280 shares during the last quarter. Empowered Funds LLC boosted its position in Dominion Energy by 27.0% during the first quarter. Empowered Funds LLC now owns 11,313 shares of the utilities provider’s stock worth $556,000 after purchasing an additional 2,406 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in Dominion Energy by 105.0% in the first quarter. SG Americas Securities LLC now owns 97,105 shares of the utilities provider’s stock valued at $4,777,000 after purchasing an additional 49,740 shares during the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Stock Up 0.3 %

Shares of NYSE:D traded up $0.15 during mid-day trading on Thursday, hitting $57.22. 791,965 shares of the company traded hands, compared to its average volume of 4,395,511. The firm has a market cap of $48.07 billion, a P/E ratio of 20.02, a PEG ratio of 1.53 and a beta of 0.59. Dominion Energy, Inc. has a 52-week low of $43.53 and a 52-week high of $61.97. The firm’s 50 day simple moving average is $57.96 and its 200 day simple moving average is $54.29. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.78 and a current ratio of 0.74.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.77 earnings per share. On average, equities analysts anticipate that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be given a $0.6675 dividend. The ex-dividend date is Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a yield of 4.67%. Dominion Energy’s payout ratio is currently 93.68%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Scotiabank boosted their price objective on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. JPMorgan Chase & Co. increased their price objective on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Jefferies Financial Group assumed coverage on shares of Dominion Energy in a research note on Friday, September 20th. They issued a “hold” rating and a $58.00 target price for the company. BMO Capital Markets lifted their price target on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. Finally, Barclays upped their price target on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $55.40.

About Dominion Energy

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.