Atria Investments Inc Cuts Stock Holdings in Dominion Energy Inc. $D

Atria Investments Inc trimmed its holdings in shares of Dominion Energy Inc. (NYSE:D) by 11.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 62,509 shares of the utilities provider’s stock after selling 7,982 shares during the quarter. Atria Investments Inc’s holdings in Dominion Energy were worth $3,824,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. CoreFirst Bank & Trust bought a new stake in Dominion Energy during the second quarter valued at about $25,000. Westside Investment Management Inc. raised its stake in shares of Dominion Energy by 123.3% during the 2nd quarter. Westside Investment Management Inc. now owns 469 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 259 shares in the last quarter. United Community Bank purchased a new stake in Dominion Energy during the third quarter valued at approximately $29,000. Hanson & Doremus Investment Management purchased a new stake in Dominion Energy during the third quarter valued at approximately $31,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of Dominion Energy during the second quarter worth $32,000. 73.04% of the stock is owned by institutional investors.

Dominion Energy Stock Performance

D opened at $66.46 on Monday. The company has a current ratio of 0.84, a quick ratio of 0.65 and a debt-to-equity ratio of 1.41. Dominion Energy Inc. has a 12-month low of $48.07 and a 12-month high of $66.79. The firm has a 50 day moving average of $60.07 and a two-hundred day moving average of $60.38. The firm has a market capitalization of $56.76 billion, a PE ratio of 22.61, a P/E/G ratio of 1.80 and a beta of 0.71.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, February 27th will be given a dividend of $0.6675 per share. The ex-dividend date is Friday, February 27th. This represents a $2.67 dividend on an annualized basis and a yield of 4.0%. Dominion Energy’s payout ratio is currently 90.82%.

Wall Street Analyst Weigh In

D has been the subject of a number of recent analyst reports. Royal Bank Of Canada reissued a “sector perform” rating and issued a $70.00 price objective on shares of Dominion Energy in a research report on Tuesday, October 28th. Morgan Stanley raised their price target on Dominion Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 22nd. BTIG Research began coverage on shares of Dominion Energy in a report on Wednesday, October 22nd. They set a “neutral” rating on the stock. Weiss Ratings raised shares of Dominion Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 9th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Dominion Energy from $62.00 to $59.00 and set an “underweight” rating on the stock in a research report on Thursday, December 11th. Three equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $64.33.

Dominion Energy Profile

Dominion Energy, Inc, headquartered in Richmond, Virginia, is a diversified energy company that primarily operates regulated electricity and natural gas utilities and develops energy infrastructure. The company’s core activities include the generation, transmission and distribution of electricity to residential, commercial and industrial customers, as well as the purchase, storage and delivery of natural gas. Dominion combines traditional utility operations with energy infrastructure businesses to provide essential services across its service territories.

Dominion’s electricity portfolio spans multiple technologies and fuel sources, including nuclear, natural gas-fired generation and renewable resources such as utility-scale solar and wind.