Wealth Quarterback LLC Sells 236 Shares of Dominion Energy, Inc. (NYSE:D)

Wealth Quarterback LLC lessened its stake in Dominion Energy, Inc. (NYSE:D) by 5.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,894 shares of the utilities provider’s stock after selling 236 shares during the quarter. Wealth Quarterback LLC’s holdings in Dominion Energy were worth $225,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BLB&B Advisors LLC grew its holdings 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 valued at $417,000 after buying an additional 173 shares during the period. Pinnacle Wealth Management Advisory Group LLC grew its stake in Dominion Energy by 1.8% in 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 acquiring an additional 195 shares during the period. Valley National Advisers Inc. increased its holdings in shares of Dominion Energy by 8.6% in the second quarter. Valley National Advisers Inc. now owns 2,504 shares of the utilities provider’s stock worth $122,000 after acquiring an additional 198 shares in the last quarter. Altman Advisors Inc. raised its position in shares of Dominion Energy by 0.7% during the second 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 period. Finally, Centennial Wealth Advisory LLC lifted its holdings in shares of 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 in the last quarter. Institutional investors own 73.04% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on D shares. Jefferies Financial Group assumed coverage on Dominion Energy in a report on Friday, September 20th. They set a “hold” rating and a $58.00 target price for the company. JPMorgan Chase & Co. increased their price objective on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. The Goldman Sachs Group restated a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a research note on Friday. Barclays raised their price target on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Finally, BMO Capital Markets boosted their price objective 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 equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Dominion Energy presently has a consensus rating of “Hold” and an average target price of $55.91.

Dominion Energy Stock Performance

Shares of D stock opened at $57.81 on Friday. Dominion Energy, Inc. has a 52 week low of $43.53 and a 52 week high of $61.97. The company has a market capitalization of $48.56 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 1.52 and a beta of 0.59. The company has a 50-day simple moving average of $58.01 and a 200 day simple moving average of $54.36. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.78 and a current ratio of 0.74.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, topping 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 business had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same period last year, the firm posted $0.77 EPS. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, sell-side analysts predict that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be given a $0.6675 dividend. The ex-dividend date is Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.62%. 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.