Commonwealth Equity Services LLC decreased its holdings in Dominion Energy Inc. (NYSE:D – Free Report) by 29.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 310,471 shares of the utilities provider’s stock after selling 131,340 shares during the period. Commonwealth Equity Services LLC’s holdings in Dominion Energy were worth $18,790,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Bryn Mawr Trust Advisors LLC purchased a new stake in Dominion Energy in the 2nd quarter valued at $7,346,000. Ausbil Investment Management Ltd acquired a new stake in shares of Dominion Energy in the 2nd quarter worth $4,603,000. Florida Trust Wealth Management Co increased its stake in shares of Dominion Energy by 51.6% in the 2nd quarter. Florida Trust Wealth Management Co now owns 67,185 shares of the utilities provider’s stock worth $4,588,000 after acquiring an additional 22,870 shares during the last quarter. Compass Financial Management LLC purchased a new position in shares of Dominion Energy during the 2nd quarter worth $1,141,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of Dominion Energy during the 2nd quarter worth $7,645,000. Institutional investors and hedge funds own 73.04% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on D shares. Truist Financial lowered their price target on shares of Dominion Energy from $66.00 to $62.00 and set a “hold” rating on the stock in a research report on Monday, October 12th. TD Cowen raised shares of Dominion Energy from a “hold” rating to a “buy” rating and upped their price objective for the company from $69.00 to $80.00 in a report on Wednesday, August 19th. Wells Fargo & Company upgraded shares of Dominion Energy to a “strong-buy” rating in a research report on Thursday, September 24th. Weiss Ratings raised shares of Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, November 2nd. Finally, BMO Capital Markets boosted their target price on shares of Dominion Energy from $64.00 to $70.00 and gave the company a “market perform” rating in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $69.33.
Get Our Latest Analysis on Dominion Energy
Dominion Energy Trading Up 0.2%
D opened at $68.35 on Wednesday. The stock has a market capitalization of $60.12 billion, a PE ratio of 18.44, a P/E/G ratio of 3.17 and a beta of 0.62. Dominion Energy Inc. has a one year low of $55.85 and a one year high of $72.99. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.69 and a current ratio of 0.88. The business’s 50 day moving average price is $64.05 and its 200 day moving average price is $65.06.
Dominion Energy (NYSE:D – Get Free Report) last posted its earnings results on Friday, October 30th. The utilities provider reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.07. Dominion Energy had a return on equity of 10.09% and a net margin of 13.99%. The company had revenue of $5.62 billion for the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter in the previous year, the business earned $1.06 earnings per share. The company’s revenue for the quarter was up 24.1% on a year-over-year basis. As a group, equities research analysts expect that Dominion Energy Inc. will post 3.59 EPS for the current year.
Dominion Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 20th. Stockholders of record on Friday, December 4th will be issued a dividend of $0.6675 per share. The ex-dividend date is Friday, December 4th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.9%. Dominion Energy’s dividend payout ratio is currently 88.70%.
Dominion Energy Company Profile
Dominion Energy, Inc. (NYSE: D) is an energy company focused primarily on regulated electric and natural gas utility services. Its businesses generate, transmit and distribute electricity and deliver natural gas to residential, commercial and industrial customers. The company’s electric utility operations serve customers in Virginia and northeastern North Carolina, as well as parts of South Carolina through Dominion Energy South Carolina. Its power portfolio includes nuclear, natural gas, solar and other energy sources.
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