Advisors Asset Management Inc. Cuts Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Advisors Asset Management Inc. trimmed its position in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 4.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 263,985 shares of the utilities provider's stock after selling 11,011 shares during the quarter. Advisors Asset Management Inc.'s holdings in Dominion Energy were worth $15,256,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of D. Massachusetts Financial Services Co. MA lifted its stake in Dominion Energy by 1.6% during the 2nd 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 acquiring an additional 477,181 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Dominion Energy by 12.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 24,494,873 shares of the utilities provider's stock worth $1,204,904,000 after purchasing an additional 2,801,687 shares during the last quarter. Capital Research Global Investors grew its position in Dominion Energy by 20.1% in 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 purchasing an additional 3,613,614 shares during the period. Bank of New York Mellon Corp raised its stake in Dominion Energy by 6.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 14,979,739 shares of the utilities provider's stock valued at $734,007,000 after buying an additional 940,402 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. lifted its holdings in shares of Dominion Energy by 0.5% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 5,780,145 shares of the utilities provider's stock valued at $283,227,000 after buying an additional 27,984 shares during the period. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Trading Up 0.4 %

Shares of Dominion Energy stock traded up $0.20 on Wednesday, reaching $57.80. The company had a trading volume of 2,632,618 shares, compared to its average volume of 4,430,451. The firm's 50-day moving average price is $58.04 and its two-hundred day moving average price is $54.71. Dominion Energy, Inc. has a 1 year low of $43.53 and a 1 year high of $61.97. The firm has a market cap of $48.55 billion, a price-to-earnings ratio of 20.21, a P/E/G ratio of 1.53 and a beta of 0.59. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, beating the consensus estimate of $0.93 by $0.05. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4.18 billion. During the same period in the prior year, the firm posted $0.77 EPS. The firm's revenue was up 3.4% compared to the same quarter last year. As a group, research analysts predict that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be given a $0.6675 dividend. The ex-dividend date is Friday, November 29th. This represents a $2.67 annualized dividend and a yield of 4.62%. Dominion Energy's dividend payout ratio (DPR) is 93.68%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on D. Scotiabank raised their price objective on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a "sector perform" rating in a report on Tuesday, August 20th. BMO Capital Markets lifted their price target 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. upped their price objective on Dominion Energy from $54.00 to $57.00 and gave the stock a "neutral" rating in a research note on Monday, August 12th. The Goldman Sachs Group reiterated a "neutral" rating and set a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th. Finally, Jefferies Financial Group initiated coverage on Dominion Energy in a research report on Friday, September 20th. They issued a "hold" rating and a $58.00 price target for the company. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $55.91.

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.