Axxcess Wealth Management LLC cut its holdings in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 14.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 69,429 shares of the utilities provider's stock after selling 11,904 shares during the period. Axxcess Wealth Management LLC's holdings in Dominion Energy were worth $4,012,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Empowered Funds LLC raised 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 acquiring an additional 2,406 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Dominion Energy by 105.0% during the first quarter. SG Americas Securities LLC now owns 97,105 shares of the utilities provider's stock worth $4,777,000 after purchasing an additional 49,740 shares during the last quarter. Atomi Financial Group Inc. grew its stake in Dominion Energy by 31.4% in the first quarter. Atomi Financial Group Inc. now owns 6,053 shares of the utilities provider's stock worth $298,000 after purchasing an additional 1,445 shares in the last quarter. Meeder Advisory Services Inc. increased its holdings in Dominion Energy by 18.8% in the first quarter. Meeder Advisory Services Inc. now owns 9,905 shares of the utilities provider's stock valued at $487,000 after buying an additional 1,567 shares during the last quarter. Finally, QRG Capital Management Inc. bought a new stake in Dominion Energy in the first quarter valued at about $272,000. 73.04% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several brokerages have recently commented on D. JPMorgan Chase & Co. lifted their target price on Dominion Energy from $54.00 to $57.00 and gave the stock a "neutral" rating in a research report on Monday, August 12th. Scotiabank lifted 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 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 report on Monday, August 5th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $61.00 price target on shares of Dominion Energy in a report on Friday. Finally, Barclays raised their target price on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an "overweight" rating in a report on Tuesday, October 15th. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $55.91.
Check Out Our Latest Research Report on D
Dominion Energy Stock Performance
Shares of NYSE D traded up $0.40 during midday trading on Monday, hitting $58.19. 2,883,558 shares of the company's stock were exchanged, compared to its average volume of 4,418,520. Dominion Energy, Inc. has a twelve month low of $43.53 and a twelve month high of $61.97. The firm has a market cap of $48.88 billion, a P/E ratio of 20.28, a PEG ratio of 1.54 and a beta of 0.59. The stock's 50 day moving average price is $58.01 and its 200-day moving average price is $54.40. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.78.
Dominion Energy (NYSE:D - Get Free Report) last announced 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. The company had revenue of $3.94 billion during the quarter, compared to analyst estimates of $4.18 billion. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The firm's quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.77 EPS. Equities research analysts anticipate that Dominion Energy, Inc. will post 2.76 EPS for the current year.
Dominion Energy Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be given a dividend of $0.6675 per share. The ex-dividend date is Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.59%. Dominion Energy's dividend payout ratio (DPR) is 93.68%.
Dominion Energy Company Profile
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Free Report)
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.
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