SageView Advisory Group LLC Sells 5,369 Shares of Dominion Energy, Inc. (NYSE:D)

SageView Advisory Group LLC reduced its stake in Dominion Energy, Inc. (NYSE:D) by 25.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 16,079 shares of the utilities provider’s stock after selling 5,369 shares during the quarter. SageView Advisory Group LLC’s holdings in Dominion Energy were worth $929,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Family Firm Inc. acquired a new stake in Dominion Energy during the 2nd quarter worth about $27,000. Sanctuary Wealth Management L.L.C. bought a new position in Dominion Energy during the third quarter valued at about $28,000. Frazier Financial Advisors LLC bought a new position in Dominion Energy during the third quarter valued at $32,000. Triad Wealth Partners LLC purchased a new stake in Dominion Energy during the second quarter valued at about $33,000. Finally, Opal Wealth Advisors LLC purchased a new position in Dominion Energy in the 2nd quarter valued at approximately $35,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

D has been the subject of a number of research analyst reports. Jefferies Financial Group started coverage on Dominion Energy in a research report on Friday, September 20th. They set a “hold” rating and a $58.00 price target for the company. Scotiabank upped their price target 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. Morgan Stanley assumed coverage on shares of Dominion Energy in a report on Monday. They issued an “equal weight” rating and a $61.00 price objective for the company. JPMorgan Chase & Co. increased their price target on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Finally, Barclays raised their price target on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Eleven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Dominion Energy presently has an average rating of “Hold” and a consensus price target of $56.33.

Dominion Energy Stock Up 1.0 %

Shares of D stock opened at $56.92 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The stock has a 50 day moving average of $58.15 and a 200 day moving average of $55.13. Dominion Energy, Inc. has a twelve month low of $43.53 and a twelve month high of $61.97. The stock has a market cap of $47.81 billion, a P/E ratio of 19.97, a P/E/G ratio of 1.51 and a beta of 0.59.

Dominion Energy (NYSE:D) last released its earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. The business had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The company’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.77 earnings per share. As a group, sell-side analysts expect that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date is Friday, November 29th. Dominion Energy’s dividend payout ratio is presently 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.