Atria Investments Inc Has $3.20 Million Position in Dominion Energy, Inc. (NYSE:D)

Atria Investments Inc reduced its holdings in Dominion Energy, Inc. (NYSE:D - Free Report) by 32.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,369 shares of the utilities provider's stock after selling 26,915 shares during the quarter. Atria Investments Inc's holdings in Dominion Energy were worth $3,200,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of D. Empowered Funds LLC grew its holdings in Dominion Energy by 27.0% in the first quarter. Empowered Funds LLC now owns 11,313 shares of the utilities provider's stock valued at $556,000 after purchasing an additional 2,406 shares during the last quarter. QRG Capital Management Inc. purchased a new position in shares of Dominion Energy during the 1st quarter worth approximately $272,000. Bleakley Financial Group LLC lifted its stake in Dominion Energy by 6.4% in the 1st quarter. Bleakley Financial Group LLC now owns 23,639 shares of the utilities provider's stock valued at $1,163,000 after buying an additional 1,425 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in Dominion Energy by 15.2% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 101,086 shares of the utilities provider's stock valued at $4,972,000 after buying an additional 13,336 shares during the last quarter. Finally, Koshinski Asset Management Inc. purchased a new position in Dominion Energy during the first quarter worth $303,000. Institutional investors and hedge funds own 73.04% of the company's stock.

Dominion Energy Stock Performance

Shares of D traded down $0.40 during midday trading on Thursday, hitting $56.18. 4,822,285 shares of the stock traded hands, compared to its average volume of 4,432,360. The business's 50 day moving average price is $58.05 and its two-hundred day moving average price is $54.52. The firm has a market capitalization of $47.19 billion, a PE ratio of 19.85, a price-to-earnings-growth ratio of 1.52 and a beta of 0.59. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. Dominion Energy, Inc. has a 1-year low of $43.53 and a 1-year high of $61.97.

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

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.75%. The ex-dividend date of this dividend is Friday, November 29th. Dominion Energy's dividend payout ratio is 93.68%.

Wall Street Analysts Forecast Growth

D has been the subject of several analyst reports. Scotiabank boosted their price target on Dominion Energy from $48.00 to $58.00 and gave the company a "sector perform" rating in a report on Tuesday, August 20th. BMO Capital Markets raised their price target on Dominion Energy from $53.00 to $57.00 and gave the stock a "market perform" rating in a research note on Monday, August 5th. Barclays upped 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. The Goldman Sachs Group reissued a "neutral" rating and issued a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. upped their price target on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a "neutral" rating in a research report on Monday, August 12th. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target 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.