Blair William & Co. IL reduced its position in Dominion Energy Inc (NYSE:D) by 2.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 33,041 shares of the utilities provider’s stock after selling 757 shares during the period. Blair William & Co. IL’s holdings in Dominion Energy were worth $2,322,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Kayne Anderson Capital Advisors LP purchased a new stake in shares of Dominion Energy during the 3rd quarter valued at $121,000. Psagot Investment House Ltd. purchased a new stake in shares of Dominion Energy during the 3rd quarter valued at $126,000. First Hawaiian Bank purchased a new stake in shares of Dominion Energy during the 3rd quarter valued at $132,000. Wagner Wealth Management LLC grew its stake in shares of Dominion Energy by 859.5% during the 3rd quarter. Wagner Wealth Management LLC now owns 1,919 shares of the utilities provider’s stock valued at $135,000 after buying an additional 1,719 shares during the period. Finally, Bridgeworth LLC purchased a new stake in shares of Dominion Energy during the 2nd quarter valued at $166,000. 67.16% of the stock is owned by hedge funds and other institutional investors.
NYSE:D opened at $75.32 on Thursday. The company has a current ratio of 0.62, a quick ratio of 0.46 and a debt-to-equity ratio of 1.58. The firm has a market cap of $48.80 billion, a P/E ratio of 20.92, a price-to-earnings-growth ratio of 3.05 and a beta of 0.18. Dominion Energy Inc has a twelve month low of $61.53 and a twelve month high of $85.30.
Dominion Energy (NYSE:D) last posted its earnings results on Thursday, November 1st. The utilities provider reported $1.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.02. The business had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.41 billion. Dominion Energy had a net margin of 24.63% and a return on equity of 13.24%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.04 EPS. Sell-side analysts forecast that Dominion Energy Inc will post 4.07 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Friday, December 7th will be issued a dividend of $0.835 per share. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $3.34 annualized dividend and a dividend yield of 4.43%. Dominion Energy’s payout ratio is 92.78%.
Several analysts have recently issued reports on D shares. Zacks Investment Research raised shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research note on Monday, October 22nd. Barclays started coverage on shares of Dominion Energy in a research note on Monday, October 22nd. They set a “buy” rating and a $78.00 price objective for the company. Bank of America lowered their price objective on shares of Dominion Energy from $71.00 to $69.00 and set a “neutral” rating for the company in a research note on Friday, November 2nd. Wells Fargo & Co reissued a “hold” rating and set a $76.00 price objective (up from $73.00) on shares of Dominion Energy in a research note on Monday, September 17th. Finally, UBS Group raised shares of Dominion Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $75.00 to $84.00 in a research note on Thursday, November 29th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $85.58.
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About Dominion Energy
Dominion Energy, Inc produces and transports energy in the United States. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities through gas, coal, nuclear, oil, renewables, biomass, hydro, solar, and power purchase agreements; and related energy supply operations.
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