Sigma Planning Corp decreased its position in shares of Dominion Energy, Inc. (NYSE:D) by 3.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 31,150 shares of the utilities provider’s stock after selling 1,014 shares during the quarter. Sigma Planning Corp’s holdings in Dominion Energy were worth $2,459,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Insight Wealth Strategies LLC lifted its position in Dominion Energy by 2.3% during the second quarter. Insight Wealth Strategies LLC now owns 5,676 shares of the utilities provider’s stock worth $461,000 after purchasing an additional 126 shares during the period. Acorn Financial Advisory Services Inc. ADV lifted its position in Dominion Energy by 0.7% during the third quarter. Acorn Financial Advisory Services Inc. ADV now owns 18,826 shares of the utilities provider’s stock worth $1,486,000 after purchasing an additional 132 shares during the period. IFG Advisory LLC lifted its position in Dominion Energy by 1.0% during the third quarter. IFG Advisory LLC now owns 13,343 shares of the utilities provider’s stock worth $1,053,000 after purchasing an additional 132 shares during the period. Global Wealth Management Investment Advisory Inc. raised its stake in Dominion Energy by 0.6% during the second quarter. Global Wealth Management Investment Advisory Inc. now owns 22,809 shares of the utilities provider’s stock worth $1,852,000 after acquiring an additional 133 shares in the last quarter. Finally, Wambolt & Associates LLC raised its stake in Dominion Energy by 2.2% during the second quarter. Wambolt & Associates LLC now owns 6,357 shares of the utilities provider’s stock worth $516,000 after acquiring an additional 135 shares in the last quarter. 66.53% of the stock is owned by institutional investors and hedge funds.
In other news, Chairman Thomas F. Farrell II sold 50,000 shares of the firm’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $80.28, for a total transaction of $4,014,000.00. Following the completion of the sale, the chairman now directly owns 1,038,262 shares of the company’s stock, valued at approximately $83,351,673.36. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders sold a total of 150,000 shares of company stock valued at $12,120,000 over the last three months. 0.26% of the stock is currently owned by insiders.
Several brokerages recently commented on D. Zacks Investment Research cut Dominion Energy from a “buy” rating to a “hold” rating and set a $84.00 target price on the stock. in a report on Thursday, October 29th. Wells Fargo & Company restated a “hold” rating on shares of Dominion Energy in a report on Friday, July 31st. KeyCorp cut Dominion Energy to a “hold” rating in a report on Monday, August 17th. Wolfe Research upgraded Dominion Energy from a “peer perform” rating to an “outperform” rating and increased their price target for the stock from $78.00 to $80.00 in a report on Monday, July 13th. Finally, BMO Capital Markets upgraded Dominion Energy from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $86.00 to $88.00 in a report on Monday, November 2nd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $83.18.
NYSE D opened at $83.70 on Monday. The firm has a market capitalization of $69.48 billion, a P/E ratio of -4,185.00, a PEG ratio of 6.36 and a beta of 0.37. The business has a fifty day simple moving average of $80.16 and a 200 day simple moving average of $79.93. Dominion Energy, Inc. has a 12 month low of $57.79 and a 12 month high of $90.89. The company has a current ratio of 0.64, a quick ratio of 0.46 and a debt-to-equity ratio of 1.30.
Dominion Energy (NYSE:D) last released its quarterly earnings results on Thursday, November 5th. The utilities provider reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.08. The business had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.69 billion. Dominion Energy had a return on equity of 12.09% and a net margin of 3.77%. Dominion Energy’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.18 EPS. As a group, sell-side analysts predict that Dominion Energy, Inc. will post 3.64 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Sunday, December 20th. Investors of record on Friday, December 4th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date is Thursday, December 3rd. Dominion Energy’s payout ratio is currently 88.68%.
Dominion Energy Profile
Dominion Energy, Inc produces and transports energy. The company's Dominion Energy Virginia segment engages in the regulated electric generation, transmission, and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Gas Transmission & Storage segment operates interstate natural gas transmission pipelines and underground storage systems, as well as engages in nonregulated retail natural gas marketing, and development of renewable natural gas and LNG infrastructure.
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