River Wealth Advisors LLC trimmed its holdings in Dominion Energy Inc. (NYSE:D) by 6.1% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 29,009 shares of the utilities provider’s stock after selling 1,888 shares during the quarter. River Wealth Advisors LLC’s holdings in Dominion Energy were worth $2,232,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in D. Tradewinds Capital Management LLC lifted its holdings in shares of Dominion Energy by 0.9% in the 2nd quarter. Tradewinds Capital Management LLC now owns 1,318 shares of the utilities provider’s stock worth $101,000 after acquiring an additional 12 shares during the last quarter. MPS Loria Financial Planners LLC bought a new stake in Dominion Energy during the 2nd quarter valued at $103,000. Tortoise Capital Advisors L.L.C. raised its holdings in Dominion Energy by 336.3% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 1,396 shares of the utilities provider’s stock valued at $107,000 after buying an additional 1,076 shares during the last quarter. Pacad Investment Ltd. bought a new stake in Dominion Energy during the 2nd quarter valued at $107,000. Finally, Enterprise Financial Services Corp raised its holdings in Dominion Energy by 5.8% during the 2nd quarter. Enterprise Financial Services Corp now owns 1,456 shares of the utilities provider’s stock valued at $112,000 after buying an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 64.27% of the company’s stock.
In related news, Director John W. Harris sold 5,616 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $80.71, for a total value of $453,267.36. Following the transaction, the director now owns 18,920 shares in the company, valued at approximately $1,527,033.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.37% of the company’s stock.
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Dominion Energy Inc. (NYSE:D) traded up $1.04 during trading hours on Tuesday, hitting $81.85. 1,631,200 shares of the stock were exchanged, compared to its average volume of 2,345,604. The stock has a market cap of $52,003.64, a P/E ratio of 22.02, a PEG ratio of 3.92 and a beta of 0.29. Dominion Energy Inc. has a 12-month low of $69.51 and a 12-month high of $82.13. The company has a quick ratio of 0.29, a current ratio of 0.47 and a debt-to-equity ratio of 1.67.
Dominion Energy (NYSE:D) last announced its quarterly earnings results on Monday, October 30th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.02. The company had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.31 billion. Dominion Energy had a net margin of 17.21% and a return on equity of 13.32%. Dominion Energy’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.14 EPS. analysts expect that Dominion Energy Inc. will post 3.61 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Friday, December 1st will be paid a $0.77 dividend. This is a boost from Dominion Energy’s previous quarterly dividend of $0.76. The ex-dividend date is Thursday, November 30th. This represents a $3.08 dividend on an annualized basis and a yield of 3.76%. Dominion Energy’s payout ratio is presently 89.09%.
A number of research analysts have issued reports on the stock. J P Morgan Chase & Co boosted their price objective on shares of Dominion Energy from $78.00 to $82.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. Zacks Investment Research raised shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a research report on Tuesday, October 3rd. KeyCorp reissued a “hold” rating on shares of Dominion Energy in a research report on Friday, October 20th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $78.00 price objective on shares of Dominion Energy in a research report on Thursday, September 14th. Finally, Bank of America Corporation assumed coverage on shares of Dominion Energy in a research report on Tuesday, October 24th. They set a “neutral” rating and a $80.00 price objective on the stock. Fifteen investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Dominion Energy has an average rating of “Hold” and a consensus target price of $80.70.
Dominion Energy Company Profile
Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.
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