Cadence Capital Management LLC cut its stake in shares of Dominion Energy Inc (NYSE:D) by 19.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,422 shares of the utilities provider’s stock after selling 2,935 shares during the quarter. Cadence Capital Management LLC’s holdings in Dominion Energy were worth $980,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Larson Financial Group LLC grew its holdings in Dominion Energy by 110.5% in the 2nd quarter. Larson Financial Group LLC now owns 381 shares of the utilities provider’s stock worth $31,000 after buying an additional 200 shares in the last quarter. Demars Financial Group LLC bought a new position in Dominion Energy in the 2nd quarter worth approximately $32,000. Rockbridge Investment Management LCC bought a new position in Dominion Energy in the 2nd quarter worth approximately $32,000. Blue Square Asset Management LLC bought a new position in Dominion Energy in the 2nd quarter worth approximately $39,000. Finally, Crewe Advisors LLC bought a new position in Dominion Energy in the 3rd quarter worth approximately $38,000. 66.53% of the stock is owned by institutional investors.
A number of equities analysts recently issued reports on D shares. Credit Suisse Group lowered Dominion Energy from an “outperform” rating to a “neutral” rating and set a $75.00 price objective for the company. in a report on Tuesday, July 7th. UBS Group reissued a “buy” rating and issued a $92.00 price objective on shares of Dominion Energy in a report on Monday, July 6th. JPMorgan Chase & Co. raised Dominion Energy from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $82.00 to $84.00 in a report on Tuesday, September 29th. Scotiabank increased their price target on Dominion Energy from $84.00 to $86.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 7th. Finally, Zacks Investment Research raised Dominion Energy from a “sell” rating to a “hold” rating and set a $82.00 price target for the company in a research note on Wednesday, September 9th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. Dominion Energy currently has an average rating of “Hold” and a consensus price target of $81.94.
Shares of NYSE:D traded up $0.60 on Friday, reaching $81.41. 3,290,693 shares of the company traded hands, compared to its average volume of 4,024,037. Dominion Energy Inc has a fifty-two week low of $57.79 and a fifty-two week high of $90.89. The company’s 50 day moving average is $79.20 and its 200-day moving average is $79.42. The stock has a market capitalization of $68.40 billion, a PE ratio of 110.01, a P/E/G ratio of 6.58 and a beta of 0.36. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.64 and a quick ratio of 0.46.
Dominion Energy (NYSE:D) last announced its quarterly earnings data on Friday, July 31st. The utilities provider reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. Dominion Energy had a return on equity of 12.09% and a net margin of 3.77%. The company had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.99 billion. During the same quarter in the prior year, the firm earned $0.77 EPS. The company’s quarterly revenue was down 9.7% compared to the same quarter last year. As a group, analysts expect that Dominion Energy Inc will post 3.55 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Sunday, September 20th. Stockholders of record on Friday, September 4th were issued a $0.94 dividend. The ex-dividend date was Thursday, September 3rd. This represents a $3.76 dividend on an annualized basis and a dividend yield of 4.62%. Dominion Energy’s payout ratio is currently 88.68%.
About Dominion Energy
Dominion Energy, Inc produces and transports energy. 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.
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