Dominion Energy, Inc. (NYSE:D) Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC cut its stake in Dominion Energy, Inc. (NYSE:D) by 7.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 404,439 shares of the utilities provider’s stock after selling 31,844 shares during the period. DAVENPORT & Co LLC’s holdings in Dominion Energy were worth $21,783,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in D. BLB&B Advisors LLC increased its stake in shares of Dominion Energy by 2.5% in the third quarter. BLB&B Advisors LLC now owns 7,223 shares of the utilities provider’s stock valued at $417,000 after purchasing an additional 173 shares during the period. Simon Quick Advisors LLC increased its position in Dominion Energy by 4.5% in the 4th quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider’s stock valued at $229,000 after acquiring an additional 184 shares during the period. Cobblestone Capital Advisors LLC NY raised its stake in Dominion Energy by 2.6% during the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 7,786 shares of the utilities provider’s stock valued at $450,000 after acquiring an additional 195 shares in the last quarter. Passumpsic Savings Bank boosted its position in Dominion Energy by 2.7% during the 3rd quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider’s stock worth $441,000 after acquiring an additional 199 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in shares of Dominion Energy by 3.5% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 5,920 shares of the utilities provider’s stock worth $342,000 after purchasing an additional 200 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Trading Down 0.6 %

D opened at $55.47 on Monday. Dominion Energy, Inc. has a 1-year low of $43.53 and a 1-year high of $61.97. The stock has a market capitalization of $46.60 billion, a PE ratio of 19.46, a PEG ratio of 1.20 and a beta of 0.60. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The firm has a 50-day moving average price of $54.96 and a two-hundred day moving average price of $56.09.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) 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 business had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $4.18 billion. During the same quarter last year, the business earned $0.77 earnings per share. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. As a group, equities analysts anticipate that Dominion Energy, Inc. will post 2.75 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 Thursday, March 20th. Investors of record on Friday, February 28th will be paid a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.81%. Dominion Energy’s dividend payout ratio (DPR) is presently 93.68%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $61.00 price target on shares of Dominion Energy in a research note on Friday, November 8th. Morgan Stanley assumed coverage on Dominion Energy in a research report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 target price for the company. Barclays boosted their price objective on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Finally, Scotiabank raised their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Eleven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $56.58.

About Dominion Energy

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.