Dominion Energy, Inc. (NYSE:D) Shares Sold by US Bancorp DE

US Bancorp DE cut its holdings in Dominion Energy, Inc. (NYSE:D) by 17.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 97,669 shares of the utilities provider’s stock after selling 19,973 shares during the quarter. US Bancorp DE’s holdings in Dominion Energy were worth $5,644,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Dominion Energy by 16.0% in the first quarter. Vanguard Group Inc. now owns 88,355,205 shares of the utilities provider’s stock valued at $4,346,193,000 after acquiring an additional 12,178,713 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Dominion Energy by 1.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 29,635,621 shares of the utilities provider’s stock valued at $1,452,145,000 after buying an additional 477,181 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Dominion Energy by 12.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 24,494,873 shares of the utilities provider’s stock valued at $1,204,904,000 after acquiring an additional 2,801,687 shares during the period. Capital Research Global Investors boosted its stake in shares of Dominion Energy by 20.1% during the 1st quarter. Capital Research Global Investors now owns 21,584,470 shares of the utilities provider’s stock worth $1,061,740,000 after acquiring an additional 3,613,614 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Dominion Energy by 6.7% during the second quarter. Bank of New York Mellon Corp now owns 14,979,739 shares of the utilities provider’s stock worth $734,007,000 after purchasing an additional 940,402 shares in the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Trading Down 0.9 %

NYSE D opened at $58.99 on Monday. The company has a market cap of $49.49 billion, a P/E ratio of 31.05, a P/E/G ratio of 1.58 and a beta of 0.59. The company has a 50-day moving average of $57.87 and a 200-day moving average of $54.14. Dominion Energy, Inc. has a 12 month low of $40.44 and a 12 month high of $61.97. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.78.

Dominion Energy (NYSE:D) last issued its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.06. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same period last year, the company posted $0.77 EPS. The business’s quarterly revenue was up 3.4% on a year-over-year basis. As a group, equities analysts predict that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date is Friday, November 29th. Dominion Energy’s dividend payout ratio (DPR) is presently 140.53%.

Analysts Set New Price Targets

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

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.