SteelPeak Wealth LLC Sells 2,913 Shares of Dominion Energy, Inc. (NYSE:D)

SteelPeak Wealth LLC decreased its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 15.9% in the third quarter, Holdings Channel.com reports. The firm owned 15,440 shares of the utilities provider’s stock after selling 2,913 shares during the period. SteelPeak Wealth LLC’s holdings in Dominion Energy were worth $892,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in D. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Dominion Energy by 0.7% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,065,766 shares of the utilities provider’s stock valued at $101,615,000 after buying an additional 14,456 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Dominion Energy by 0.5% during the first quarter. State of Alaska Department of Revenue now owns 90,781 shares of the utilities provider’s stock valued at $4,465,000 after buying an additional 435 shares during the last quarter. Norden Group LLC purchased a new stake in shares of Dominion Energy during the first quarter valued at approximately $1,463,000. First Trust Direct Indexing L.P. grew its holdings in shares of Dominion Energy by 30.1% during the first quarter. First Trust Direct Indexing L.P. now owns 25,131 shares of the utilities provider’s stock valued at $1,236,000 after buying an additional 5,812 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC grew its holdings in shares of Dominion Energy by 5.2% during the first quarter. Legacy Wealth Asset Management LLC now owns 7,203 shares of the utilities provider’s stock valued at $354,000 after buying an additional 359 shares during the last quarter. Institutional investors own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on D. Scotiabank raised their target price on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Jefferies Financial Group began coverage on shares of Dominion Energy in a report on Friday, September 20th. They issued a “hold” rating and a $58.00 target price on the stock. JPMorgan Chase & Co. raised their target price on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Barclays raised their target price 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 raised their target price on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $55.40.

Dominion Energy Trading Down 0.3 %

Shares of Dominion Energy stock opened at $58.46 on Thursday. The company’s fifty day simple moving average is $57.76 and its 200-day simple moving average is $53.94. The stock has a market capitalization of $48.97 billion, a PE ratio of 30.13, a P/E/G ratio of 1.59 and a beta of 0.60. Dominion Energy, Inc. has a 1-year low of $39.44 and a 1-year high of $61.26. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.78.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 EPS for the quarter, beating the consensus estimate of $0.56 by $0.09. The firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.73 billion. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The company’s revenue was up 10.1% on a year-over-year basis. During the same period last year, the firm earned $0.53 EPS. As a group, equities analysts anticipate that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

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.