Victory Capital Management Inc. Lowers Position in Dominion Energy, Inc. (NYSE:D)

Victory Capital Management Inc. decreased its position in Dominion Energy, Inc. (NYSE:D - Free Report) by 5.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 610,535 shares of the utilities provider's stock after selling 36,132 shares during the quarter. Victory Capital Management Inc. owned about 0.07% of Dominion Energy worth $35,283,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of D. Caprock Group LLC increased its holdings in shares of 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 purchasing an additional 5,525 shares during the period. Ascent Wealth Partners LLC acquired a new position in Dominion Energy in the 3rd quarter valued at approximately $1,223,000. Pathway Financial Advisers LLC boosted its stake in shares of Dominion Energy by 351.8% during the 3rd quarter. Pathway Financial Advisers LLC now owns 48,176 shares of the utilities provider's stock valued at $2,784,000 after buying an additional 37,514 shares during the period. Intech Investment Management LLC purchased a new position in shares of Dominion Energy during the 1st quarter valued at $708,000. Finally, QRG Capital Management Inc. acquired a new position in shares of Dominion Energy in the first quarter worth $272,000. Institutional investors own 73.04% of the company's stock.

Dominion Energy Trading Up 2.6 %

NYSE D traded up $1.44 on Friday, hitting $57.63. The company's stock had a trading volume of 5,808,408 shares, compared to its average volume of 4,670,383. The firm has a market cap of $48.41 billion, a PE ratio of 20.22, a PEG ratio of 1.53 and a beta of 0.59. Dominion Energy, Inc. has a 1-year low of $43.53 and a 1-year high of $61.97. The company's 50-day moving average is $58.03 and its 200 day moving average is $54.60. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42.

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, beating the consensus estimate of $0.93 by $0.05. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The firm had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same period in the previous year, the firm earned $0.77 earnings per share. The company's revenue was up 3.4% compared to the same quarter last year. As a group, analysts predict that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date of this dividend is Friday, November 29th. Dominion Energy's payout ratio is 93.68%.

Analyst Ratings Changes

Several analysts have recently issued reports on D shares. The Goldman Sachs Group reiterated a "neutral" rating and set a $61.00 price target on shares of Dominion Energy in a research note on Friday, November 8th. Scotiabank increased 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. JPMorgan Chase & Co. boosted their price objective on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a "neutral" rating in a research note on Monday, August 12th. Barclays upped their price objective 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. Finally, 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 research report on Monday, August 5th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $55.91.

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.