Dominion Energy, Inc. (NYSE:D) Shares Sold by Ascent Group LLC

Ascent Group LLC decreased its holdings in Dominion Energy, Inc. (NYSE:D) by 7.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 36,393 shares of the utilities provider’s stock after selling 2,904 shares during the quarter. Ascent Group LLC’s holdings in Dominion Energy were worth $1,783,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Family Firm Inc. acquired a new position in shares of Dominion Energy in the second quarter worth about $27,000. Rise Advisors LLC purchased a new position in Dominion Energy during the 1st quarter worth approximately $30,000. LRI Investments LLC acquired a new stake in Dominion Energy during the 1st quarter valued at $30,000. Triad Wealth Partners LLC purchased a new stake in shares of Dominion Energy in the second quarter valued at $33,000. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of Dominion Energy in the second quarter valued at $35,000. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Performance

D stock opened at $57.16 on Monday. The firm has a 50 day moving average of $55.81 and a two-hundred day moving average of $52.36. Dominion Energy, Inc. has a 12 month low of $39.18 and a 12 month high of $58.94. The company has a market capitalization of $47.88 billion, a price-to-earnings ratio of 29.46, a P/E/G ratio of 1.53 and a beta of 0.60. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D) last posted its earnings results on Thursday, August 1st. The utilities provider reported $0.65 EPS for the quarter, topping the consensus estimate of $0.56 by $0.09. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same period in the prior year, the business posted $0.53 earnings per share. The business’s quarterly revenue was up 10.1% on a year-over-year basis. As a group, equities analysts anticipate that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 30th were issued a $0.6675 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.67 annualized dividend and a yield of 4.67%. Dominion Energy’s dividend payout ratio (DPR) is currently 137.63%.

Wall Street Analysts Forecast Growth

D has been the topic of several recent analyst reports. Jefferies Financial Group began coverage on Dominion Energy in a research report on Friday, September 20th. They set a “hold” rating and a $58.00 price target on the stock. JPMorgan Chase & Co. increased their price target on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. BMO Capital Markets raised their price target on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. Finally, Scotiabank upped their price objective on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $54.50.

Dominion Energy Profile

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.