Sunbelt Securities Inc. Lowers Holdings in Dominion Energy, Inc. (NYSE:D)

Sunbelt Securities Inc. cut its position in Dominion Energy, Inc. (NYSE:D – Get Rating) by 3.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,658 shares of the utilities provider’s stock after selling 223 shares during the quarter. Sunbelt Securities Inc.’s holdings in Dominion Energy were worth $460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Nations Financial Group Inc. IA ADV boosted its position in shares of Dominion Energy by 1.2% during the first quarter. Nations Financial Group Inc. IA ADV now owns 10,630 shares of the utilities provider’s stock worth $903,000 after acquiring an additional 128 shares during the last quarter. Golden State Equity Partners boosted its position in shares of Dominion Energy by 1.7% during the first quarter. Golden State Equity Partners now owns 7,635 shares of the utilities provider’s stock worth $649,000 after acquiring an additional 129 shares during the last quarter. Covestor Ltd boosted its position in shares of Dominion Energy by 49.8% during the first quarter. Covestor Ltd now owns 394 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 131 shares during the last quarter. Almanack Investment Partners LLC. boosted its position in shares of Dominion Energy by 4.8% during the second quarter. Almanack Investment Partners LLC. now owns 2,838 shares of the utilities provider’s stock worth $227,000 after acquiring an additional 131 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of Dominion Energy by 0.3% during the first quarter. NewEdge Advisors LLC now owns 40,479 shares of the utilities provider’s stock worth $3,440,000 after acquiring an additional 132 shares during the last quarter. 70.30% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Trading Down 0.1 %

Shares of D opened at $55.88 on Friday. Dominion Energy, Inc. has a twelve month low of $52.92 and a twelve month high of $88.78. The company has a market cap of $46.67 billion, a P/E ratio of 51.27, a P/E/G ratio of 0.91 and a beta of 0.45. The company has a current ratio of 0.73, a quick ratio of 0.60 and a debt-to-equity ratio of 1.49. The company’s fifty day simple moving average is $59.24 and its 200-day simple moving average is $64.48.

Dominion Energy (NYSE:D – Get Rating) last posted its quarterly earnings results on Wednesday, February 8th. The utilities provider reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.03. The firm had revenue of $4.91 billion for the quarter, compared to analysts’ expectations of $4.21 billion. Dominion Energy had a net margin of 5.79% and a return on equity of 13.35%. The business’s revenue for the quarter was up 26.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.90 earnings per share. As a group, analysts expect that Dominion Energy, Inc. will post 3.99 EPS for the current year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 20th. Stockholders of record on Friday, March 3rd will be issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date of this dividend is Thursday, March 2nd. Dominion Energy’s payout ratio is presently 244.95%.

Wall Street Analyst Weigh In

D has been the subject of a number of research reports. UBS Group dropped their target price on shares of Dominion Energy from $60.00 to $57.00 and set a “neutral” rating for the company in a research report on Tuesday, March 7th. Mizuho decreased their price target on shares of Dominion Energy from $62.00 to $58.00 and set a “neutral” rating on the stock in a research note on Monday, February 27th. Wells Fargo & Company upped their price target on shares of Dominion Energy from $64.00 to $66.00 and gave the company an “equal weight” rating in a research note on Monday, January 30th. Guggenheim decreased their price target on shares of Dominion Energy from $69.00 to $63.00 and set a “buy” rating on the stock in a research note on Tuesday, February 28th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Dominion Energy from $76.00 to $66.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 11th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $66.50.

Dominion Energy Company Profile

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Dominion Energy, Inc engages in the production and distribution of energy. It operates through following business segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, Contracted Assets, and Corporate and Other. The Corporate and Other segment focuses on corporate, service company, non-controlling interest in Dominion privatization, and non-regulated retail energy marketing operations.