D.B. Root & Company LLC Trims Holdings in Dominion Energy, Inc. (NYSE:D)

D.B. Root & Company LLC lessened its holdings in Dominion Energy, Inc. (NYSE:D) by 44.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,394 shares of the utilities provider’s stock after selling 3,552 shares during the quarter. D.B. Root & Company LLC’s holdings in Dominion Energy were worth $254,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Family Firm Inc. acquired a new stake in Dominion Energy during the second quarter worth about $27,000. LRI Investments LLC acquired a new stake in shares of Dominion Energy during the 1st quarter worth approximately $30,000. Triad Wealth Partners LLC purchased a new position in shares of Dominion Energy during the 2nd quarter valued at approximately $33,000. Opal Wealth Advisors LLC acquired a new position in shares of Dominion Energy in the 2nd quarter valued at $35,000. Finally, Kimelman & Baird LLC acquired a new stake in Dominion Energy during the second quarter valued at $36,000. 73.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Barclays raised 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 started coverage on Dominion Energy in a research note on Friday, September 20th. They set 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 company a “market perform” rating in a research note on Monday, August 5th. Scotiabank upped 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. Finally, JPMorgan Chase & Co. lifted their target price on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $55.40.

Dominion Energy Stock Down 0.8 %

Shares of NYSE D opened at $56.64 on Friday. The stock has a market cap of $47.58 billion, a PE ratio of 19.87, a P/E/G ratio of 1.53 and a beta of 0.59. The company has a current ratio of 0.74, a quick ratio of 0.78 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 12-month low of $43.53 and a 12-month high of $61.97. The company has a 50-day moving average of $57.96 and a 200 day moving average of $54.29.

Dominion Energy (NYSE:D) last posted its quarterly 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 firm 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 for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.77 earnings per share. As a group, sell-side analysts predict that Dominion Energy, Inc. will post 2.76 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.71%. The ex-dividend date of this dividend is Friday, November 29th. Dominion Energy’s payout ratio is currently 93.68%.

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.