Dominion Energy, Inc. (NYSE:D) Shares Sold by Verus Financial Partners Inc.

Verus Financial Partners Inc. reduced its stake in shares of Dominion Energy, Inc. (NYSE:D) by 2.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,108 shares of the utilities provider’s stock after selling 321 shares during the period. Verus Financial Partners Inc.’s holdings in Dominion Energy were worth $880,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. BLB&B Advisors LLC lifted its position in shares of Dominion Energy by 2.5% in the 3rd quarter. BLB&B Advisors LLC now owns 7,223 shares of the utilities provider’s stock worth $417,000 after buying an additional 173 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC grew its holdings in shares of Dominion Energy by 1.8% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 10,909 shares of the utilities provider’s stock valued at $535,000 after purchasing an additional 195 shares during the last quarter. Valley National Advisers Inc. raised its position in shares of Dominion Energy by 8.6% during the 2nd quarter. Valley National Advisers Inc. now owns 2,504 shares of the utilities provider’s stock worth $122,000 after purchasing an additional 198 shares during the period. Altman Advisors Inc. lifted its holdings in shares of Dominion Energy by 0.7% in the 2nd quarter. Altman Advisors Inc. now owns 29,031 shares of the utilities provider’s stock worth $1,423,000 after purchasing an additional 198 shares during the last quarter. Finally, Centennial Wealth Advisory LLC boosted its position in Dominion Energy by 2.8% during the 2nd quarter. Centennial Wealth Advisory LLC now owns 7,381 shares of the utilities provider’s stock valued at $362,000 after purchasing an additional 199 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on D shares. Barclays upped their target price on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Jefferies Financial Group initiated 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. The Goldman Sachs Group restated a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a research note on Friday. Scotiabank increased their target price on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Finally, BMO Capital Markets boosted 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 report on Monday, August 5th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Dominion Energy currently has a consensus rating of “Hold” and an average price target of $55.91.

Dominion Energy Stock Up 2.1 %

Dominion Energy stock opened at $57.81 on Friday. The firm has a market cap of $48.56 billion, a price-to-earnings ratio of 20.28, a P/E/G ratio of 1.52 and a beta of 0.59. The firm has a fifty day moving average price of $58.01 and a two-hundred day moving average price of $54.36. Dominion Energy, Inc. has a fifty-two week low of $43.53 and a fifty-two week high of $61.97. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.78.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.05. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The company had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same period in the prior year, the business earned $0.77 earnings per share. Dominion Energy’s revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, analysts forecast that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date is Friday, November 29th. Dominion Energy’s dividend payout ratio is presently 93.68%.

Dominion Energy 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.