Dominion Energy, Inc. (NYSE:D) Shares Sold by Financial Counselors Inc.

Financial Counselors Inc. reduced its position in shares of Dominion Energy, Inc. (NYSE:D) by 11.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,111 shares of the utilities provider’s stock after selling 6,160 shares during the period. Financial Counselors Inc.’s holdings in Dominion Energy were worth $2,665,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC lifted its position in Dominion Energy by 7,438.3% during the third quarter. International Assets Investment Management LLC now owns 1,483,538 shares of the utilities provider’s stock worth $85,734,000 after buying an additional 1,463,858 shares during the period. Jupiter Asset Management Ltd. purchased a new position in shares of Dominion Energy during the 2nd quarter worth about $67,854,000. Assenagon Asset Management S.A. lifted its holdings in shares of Dominion Energy by 707.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,211,939 shares of the utilities provider’s stock worth $70,038,000 after acquiring an additional 1,061,829 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Dominion Energy by 6.7% in 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 acquiring an additional 940,402 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its holdings in Dominion Energy by 2,729.9% in the third quarter. Los Angeles Capital Management LLC now owns 933,087 shares of the utilities provider’s stock valued at $53,923,000 after purchasing an additional 900,114 shares during the period. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Price Performance

Shares of NYSE D opened at $58.76 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a fifty-two week low of $43.53 and a fifty-two week high of $61.97. The business has a 50 day moving average price of $58.19 and a two-hundred day moving average price of $55.03. The firm has a market cap of $49.36 billion, a PE ratio of 20.62, a price-to-earnings-growth ratio of 1.59 and a beta of 0.59.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The business had revenue of $3.94 billion during the quarter, compared to analyst estimates of $4.18 billion. During the same quarter in the previous year, the firm earned $0.77 earnings per share. The business’s revenue was up 3.4% compared to the same quarter last year. Sell-side analysts expect that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be paid a $0.6675 dividend. The ex-dividend date is Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a yield of 4.54%. Dominion Energy’s dividend payout ratio (DPR) is 93.68%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. BMO Capital Markets boosted their price objective on shares of Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research note on Monday, August 5th. Scotiabank boosted their price target on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. The Goldman Sachs Group restated a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a report on Friday, November 8th. Jefferies Financial Group began coverage on Dominion Energy in a report on Friday, September 20th. They set a “hold” rating and a $58.00 target price for the company. Finally, JPMorgan Chase & Co. raised their price target on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $55.91.

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.