Valley National Advisers Inc. Trims Position in Dominion Energy, Inc. (NYSE:D)

Valley National Advisers Inc. reduced its holdings in Dominion Energy, Inc. (NYSE:D) by 19.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,306 shares of the utilities provider’s stock after selling 547 shares during the quarter. Valley National Advisers Inc.’s holdings in Dominion Energy were worth $113,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Criterion Capital Advisors LLC acquired a new stake in shares of Dominion Energy during the 4th quarter worth $29,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in Dominion Energy during the fourth quarter worth about $30,000. Rise Advisors LLC purchased a new position in shares of Dominion Energy in the 1st quarter worth about $30,000. Venturi Wealth Management LLC lifted its stake in shares of Dominion Energy by 84.5% in the 4th quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 310 shares in the last quarter. Finally, Janiczek Wealth Management LLC grew its holdings in shares of Dominion Energy by 20,100.0% during the 4th quarter. Janiczek Wealth Management LLC now owns 808 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 804 shares during the period. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Stock Up 1.3 %

D stock traded up $0.64 during mid-day trading on Wednesday, hitting $49.18. 2,091,856 shares of the company were exchanged, compared to its average volume of 4,867,009. The firm has a fifty day simple moving average of $51.54 and a 200 day simple moving average of $48.73. The company has a market capitalization of $41.19 billion, a PE ratio of 25.47, a price-to-earnings-growth ratio of 1.31 and a beta of 0.59. Dominion Energy, Inc. has a twelve month low of $39.18 and a twelve month high of $54.74. The company has a current ratio of 1.05, a quick ratio of 0.94 and a debt-to-equity ratio of 1.37.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. Dominion Energy had a return on equity of 7.50% and a net margin of 11.57%. The business had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $4.34 billion. During the same period last year, the firm earned $0.99 earnings per share. The company’s revenue for the quarter was down 6.5% compared to the same quarter last year. On average, research analysts forecast that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Friday, May 31st were given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 5.43%. The ex-dividend date was Friday, May 31st. Dominion Energy’s dividend payout ratio is currently 137.63%.

Analyst Upgrades and Downgrades

Several research analysts have commented on D shares. Mizuho raised their price objective on Dominion Energy from $45.00 to $52.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. StockNews.com raised Dominion Energy from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Barclays lowered their price objective on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating for the company in a research report on Monday, April 15th. Wells Fargo & Company boosted their target price on shares of Dominion Energy from $51.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Friday, May 3rd. Finally, Evercore ISI raised their price target on shares of Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a report on Friday, May 3rd. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $51.73.

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.