Citigroup Inc. reduced its holdings in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 18.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,313,702 shares of the utilities provider's stock after selling 301,866 shares during the quarter. Citigroup Inc. owned approximately 0.16% of Dominion Energy worth $75,919,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Family Firm Inc. acquired a new stake in Dominion Energy during the 2nd quarter valued at $27,000. Sanctuary Wealth Management L.L.C. bought a new position in shares of Dominion Energy during the third quarter worth approximately $28,000. LRI Investments LLC acquired a new position in Dominion Energy in the 1st quarter valued at $30,000. Frazier Financial Advisors LLC bought a new stake in Dominion Energy during the third quarter worth about $32,000. Finally, Triad Wealth Partners LLC bought a new position in Dominion Energy in the 2nd quarter valued at about $33,000. Institutional investors own 73.04% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on the stock. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $61.00 target price on shares of Dominion Energy in a research note on Friday, November 8th. BMO Capital Markets boosted 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. Scotiabank boosted their price objective on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a "sector perform" rating in a research note on Tuesday, August 20th. Barclays lifted their target price on Dominion Energy from $54.00 to $58.00 and gave the stock an "overweight" rating in a report on Tuesday, October 15th. Finally, Jefferies Financial Group initiated coverage on Dominion Energy in a research note on Friday, September 20th. They issued a "hold" rating and a $58.00 price objective on the stock. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $55.91.
Get Our Latest Stock Report on D
Dominion Energy Price Performance
Shares of D stock traded down $0.23 during trading on Friday, hitting $58.14. The company had a trading volume of 4,785,161 shares, compared to its average volume of 4,877,367. Dominion Energy, Inc. has a 52 week low of $43.53 and a 52 week high of $61.97. The stock has a market capitalization of $48.84 billion, a price-to-earnings ratio of 20.40, a price-to-earnings-growth ratio of 1.55 and a beta of 0.59. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The stock's 50-day moving average is $58.07 and its two-hundred day moving average is $54.82.
Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.05. The firm 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 business's quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the company posted $0.77 EPS. As a group, analysts predict that Dominion Energy, Inc. will post 2.76 EPS for the current fiscal year.
Dominion Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be paid a $0.6675 dividend. The ex-dividend date of this dividend 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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