Infrastructure Capital Advisors LLC Sells 4,996 Shares of Dominion Energy, Inc. (NYSE:D)

Infrastructure Capital Advisors LLC trimmed its position in Dominion Energy, Inc. (NYSE:D) by 52.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,596 shares of the utilities provider’s stock after selling 4,996 shares during the quarter. Infrastructure Capital Advisors LLC’s holdings in Dominion Energy were worth $266,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of D. Sanctuary Wealth Management L.L.C. acquired a new position in Dominion Energy in the 3rd quarter valued at about $28,000. Family Firm Inc. acquired a new position in shares of Dominion Energy during the 2nd quarter worth approximately $27,000. Frazier Financial Advisors LLC acquired a new position in shares of Dominion Energy during the 3rd quarter worth approximately $32,000. Larson Financial Group LLC grew its position in shares of Dominion Energy by 282.4% during the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 449 shares in the last quarter. Finally, LRI Investments LLC acquired a new position in shares of Dominion Energy during the 1st quarter worth approximately $30,000. 73.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. BMO Capital Markets increased their target price on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research report on Monday, August 5th. Scotiabank increased their target price 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. Jefferies Financial Group initiated coverage on shares of Dominion Energy in a research report on Friday, September 20th. They set a “hold” rating and a $58.00 target price on the stock. Barclays upped their price target on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a report on Friday, November 8th. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $55.91.

Dominion Energy Price Performance

Shares of NYSE:D opened at $59.70 on Friday. The company has a market cap of $50.15 billion, a price-to-earnings ratio of 20.95, a PEG ratio of 1.59 and a beta of 0.59. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The firm has a 50 day simple moving average of $58.18 and a 200 day simple moving average of $54.99. Dominion Energy, Inc. has a one year low of $43.53 and a one year high of $61.97.

Dominion Energy (NYSE:D) last issued its quarterly earnings data 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 business had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The firm’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.77 EPS. Research analysts predict that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.47%. The ex-dividend date of this dividend is Friday, November 29th. Dominion Energy’s payout ratio 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.