PNC Financial Services Group Inc. Sells 57,016 Shares of Dominion Energy, Inc. (NYSE:D)

PNC Financial Services Group Inc. trimmed its stake in Dominion Energy, Inc. (NYSE:D - Free Report) by 4.8% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,138,288 shares of the utilities provider's stock after selling 57,016 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.14% of Dominion Energy worth $65,782,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of D. BLB&B Advisors LLC increased its position in Dominion Energy by 2.5% in the 3rd quarter. BLB&B Advisors LLC now owns 7,223 shares of the utilities provider's stock valued at $417,000 after acquiring an additional 173 shares during the period. Pinnacle Wealth Management Advisory Group LLC raised its stake in shares of Dominion Energy by 1.8% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 10,909 shares of the utilities provider's stock valued at $535,000 after purchasing an additional 195 shares in the last quarter. Valley National Advisers Inc. lifted its holdings in Dominion Energy by 8.6% in the second quarter. Valley National Advisers Inc. now owns 2,504 shares of the utilities provider's stock worth $122,000 after purchasing an additional 198 shares during the period. Altman Advisors Inc. grew its position in Dominion Energy by 0.7% in the 2nd quarter. Altman Advisors Inc. now owns 29,031 shares of the utilities provider's stock valued at $1,423,000 after buying an additional 198 shares in the last quarter. Finally, Centennial Wealth Advisory LLC increased its stake in Dominion Energy by 2.8% during the 2nd quarter. Centennial Wealth Advisory LLC now owns 7,381 shares of the utilities provider's stock valued at $362,000 after buying an additional 199 shares during the period. Institutional investors and hedge funds own 73.04% of the company's stock.

Wall Street Analyst Weigh In

D has been the subject of several recent analyst reports. Jefferies Financial Group initiated coverage on shares of Dominion Energy in a report on Friday, September 20th. They issued a "hold" rating and a $58.00 price objective for the company. JPMorgan Chase & Co. increased their price target on Dominion Energy from $54.00 to $57.00 and gave the company a "neutral" rating in a research note on Monday, August 12th. BMO Capital Markets boosted their price objective 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. The Goldman Sachs Group reiterated a "neutral" rating and issued a $61.00 target price on shares of Dominion Energy in a report on Friday, November 8th. Finally, Scotiabank raised their target price 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. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $55.91.

Dominion Energy Trading Up 0.4 %

Dominion Energy stock opened at $57.80 on Thursday. Dominion Energy, Inc. has a 52 week low of $43.53 and a 52 week high of $61.97. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The firm has a market capitalization of $48.55 billion, a price-to-earnings ratio of 20.28, a P/E/G ratio of 1.53 and a beta of 0.59. The company has a 50 day moving average price of $58.05 and a 200 day moving average price of $54.73.

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

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be issued a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.67 annualized dividend and a dividend yield of 4.62%. Dominion Energy's dividend payout ratio is 93.68%.

About Dominion Energy

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.