Stifel Financial Corp Sells 115,967 Shares of Dominion Energy, Inc. (NYSE:D)

Stifel Financial Corp trimmed its holdings in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 18.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 499,307 shares of the utilities provider's stock after selling 115,967 shares during the quarter. Stifel Financial Corp owned about 0.06% of Dominion Energy worth $28,855,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Oppenheimer & Co. Inc. increased its holdings in Dominion Energy by 22.8% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 69,343 shares of the utilities provider's stock valued at $4,007,000 after buying an additional 12,890 shares during the period. Caprock Group LLC increased its holdings in Dominion Energy by 133.0% in the 2nd quarter. Caprock Group LLC now owns 9,679 shares of the utilities provider's stock valued at $474,000 after buying an additional 5,525 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Dominion Energy by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,164,929 shares of the utilities provider's stock valued at $298,481,000 after buying an additional 43,055 shares during the period. Ascent Wealth Partners LLC acquired a new stake in shares of Dominion Energy in the 3rd quarter valued at approximately $1,223,000. Finally, Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Dominion Energy by 63.5% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider's stock valued at $487,567,000 after purchasing an additional 3,278,175 shares in the last quarter. 73.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

D has been the topic of a number of research analyst reports. Morgan Stanley initiated coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They issued an "equal weight" rating and a $61.00 price target on the stock. Jefferies Financial Group initiated coverage on shares of Dominion Energy in a research note on Friday, September 20th. They issued a "hold" rating and a $58.00 price target on the stock. JPMorgan Chase & Co. raised their price target on shares of Dominion Energy from $54.00 to $57.00 and gave the company a "neutral" rating in a research note on Monday, August 12th. Scotiabank lifted their target price on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a "sector perform" rating in a research report on Tuesday, August 20th. Finally, 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. Eleven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $56.33.

Dominion Energy Trading Down 0.8 %

Shares of NYSE D traded down $0.46 during midday trading on Monday, reaching $55.59. The stock had a trading volume of 6,329,166 shares, compared to its average volume of 4,464,237. The firm has a market cap of $46.70 billion, a price-to-earnings ratio of 19.67, a price-to-earnings-growth ratio of 1.49 and a beta of 0.59. Dominion Energy, Inc. has a twelve month low of $43.53 and a twelve month 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 company's 50 day moving average price is $58.13 and its 200 day moving average price is $55.17.

Dominion Energy (NYSE:D - Get Free Report) last issued 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 firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.77 EPS. As a group, sell-side analysts expect that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Dividend Announcement

The business 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 is Friday, November 29th. This represents a $2.67 annualized dividend and a dividend yield of 4.80%. Dominion Energy's dividend payout ratio is currently 93.68%.

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.