Dominion Energy, Inc. (NYSE:D) Shares Sold by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp reduced its position in shares of Dominion Energy, Inc. (NYSE:D) by 1.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,477 shares of the utilities provider’s stock after selling 287 shares during the period. Atlantic Union Bankshares Corp’s holdings in Dominion Energy were worth $1,415,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on D shares. Scotiabank boosted their price objective on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. The Goldman Sachs Group reissued a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a research report on Friday, November 8th. BMO Capital Markets lifted their price objective on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research note on Monday, August 5th. Jefferies Financial Group assumed coverage on shares of Dominion Energy in a research report on Friday, September 20th. They set a “hold” rating and a $58.00 target price for the company. Finally, Barclays lifted their price target on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $55.91.

Dominion Energy Trading Down 0.5 %

NYSE D opened at $58.76 on Friday. The stock has a market cap of $49.36 billion, a P/E ratio of 20.62, a PEG ratio of 1.59 and a beta of 0.59. The company’s fifty day simple moving average is $58.19 and its 200-day simple moving average is $55.03. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 52 week low of $43.53 and a 52 week high of $61.97.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 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 analyst estimates of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The firm’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.77 EPS. Equities research analysts predict that Dominion Energy, Inc. will post 2.76 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.6675 per share. The ex-dividend date is Friday, November 29th. This represents a $2.67 annualized dividend and a yield of 4.54%. Dominion Energy’s dividend payout ratio is presently 93.68%.

Dominion Energy 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.