Integrated Advisors Network LLC Reduces Stake in Dominion Energy, Inc. (NYSE:D)

Integrated Advisors Network LLC decreased its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 4.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 24,394 shares of the utilities provider’s stock after selling 1,009 shares during the quarter. Integrated Advisors Network LLC’s holdings in Dominion Energy were worth $1,410,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in D. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Dominion Energy by 0.7% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,065,766 shares of the utilities provider’s stock worth $101,615,000 after purchasing an additional 14,456 shares during the last quarter. State of Alaska Department of Revenue grew its stake in Dominion Energy by 0.5% during the 1st quarter. State of Alaska Department of Revenue now owns 90,781 shares of the utilities provider’s stock worth $4,465,000 after buying an additional 435 shares during the last quarter. Norden Group LLC acquired a new position in Dominion Energy during the first quarter worth approximately $1,463,000. First Trust Direct Indexing L.P. lifted its stake in Dominion Energy by 30.1% in the first quarter. First Trust Direct Indexing L.P. now owns 25,131 shares of the utilities provider’s stock valued at $1,236,000 after buying an additional 5,812 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC boosted its holdings in shares of Dominion Energy by 5.2% in the first quarter. Legacy Wealth Asset Management LLC now owns 7,203 shares of the utilities provider’s stock valued at $354,000 after acquiring an additional 359 shares during the period. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Stock Performance

Shares of D stock opened at $58.46 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 1.42. The stock has a 50 day simple moving average of $57.76 and a 200-day simple moving average of $53.94. The company has a market cap of $48.97 billion, a price-to-earnings ratio of 30.13, a price-to-earnings-growth ratio of 1.59 and a beta of 0.60. Dominion Energy, Inc. has a 12-month low of $39.44 and a 12-month high of $61.26.

Dominion Energy (NYSE:D) last released its earnings results on Thursday, August 1st. The utilities provider reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.09. The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.73 billion. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. Dominion Energy’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.53 earnings per share. On average, equities analysts forecast that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Wall Street Analyst Weigh In

D has been the topic of a number of recent research reports. Scotiabank lifted their target price on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Barclays lifted their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. BMO Capital Markets increased their target price on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. boosted their price target on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Finally, Jefferies Financial Group assumed coverage on Dominion Energy in a research note on Friday, September 20th. They set a “hold” rating and a $58.00 price objective for the company. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Dominion Energy presently has a consensus rating of “Hold” and an average target price of $55.40.

Dominion Energy Company 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.