Dominion Energy, Inc. (NYSE:D) Shares Sold by David J Yvars Group

David J Yvars Group lessened its stake in shares of Dominion Energy, Inc. (NYSE:D) by 7.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 3,843 shares of the utilities provider’s stock after selling 298 shares during the period. David J Yvars Group’s holdings in Dominion Energy were worth $222,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Family Firm Inc. acquired a new stake in Dominion Energy during the 2nd quarter valued at $27,000. LRI Investments LLC acquired a new position in shares of Dominion Energy in the first quarter worth $30,000. Triad Wealth Partners LLC acquired a new position in shares of Dominion Energy in the second quarter worth $33,000. Opal Wealth Advisors LLC acquired a new position in shares of Dominion Energy in the second quarter worth $35,000. Finally, Kimelman & Baird LLC acquired a new position in shares of Dominion Energy in the second quarter worth $36,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on D. BMO Capital Markets upped their price target on shares of Dominion Energy from $53.00 to $57.00 and gave the stock 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 report on Tuesday, August 20th. JPMorgan Chase & Co. upped their price target on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Jefferies Financial Group assumed coverage on Dominion Energy in a research report on Friday, September 20th. They set a “hold” rating and a $58.00 target price on the stock. Finally, Barclays lifted their target price on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $55.40.

Dominion Energy Stock Performance

D stock opened at $57.06 on Thursday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.78. The company has a 50 day moving average price of $57.96 and a 200 day moving average price of $54.29. Dominion Energy, Inc. has a fifty-two week low of $43.53 and a fifty-two week high of $61.97. The stock has a market capitalization of $47.93 billion, a PE ratio of 20.02, a price-to-earnings-growth ratio of 1.53 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. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The firm had revenue of $3.94 billion during the quarter, compared to analyst estimates of $4.18 billion. During the same quarter in the previous year, the business earned $0.77 EPS. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. Analysts forecast that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.68%. The ex-dividend date of this dividend is Friday, November 29th. Dominion Energy’s dividend payout ratio (DPR) is 93.68%.

Dominion Energy Company Profile

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.