Dominion Energy, Inc. (NYSE:D) Shares Sold by VeraBank N.A.

VeraBank N.A. cut its position in Dominion Energy, Inc. (NYSE:D) by 4.0% in the third quarter, Holdings Channel reports. The firm owned 8,669 shares of the utilities provider’s stock after selling 360 shares during the period. VeraBank N.A.’s holdings in Dominion Energy were worth $501,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the company. Caprock Group LLC lifted its position in Dominion Energy by 133.0% during the 2nd quarter. Caprock Group LLC now owns 9,679 shares of the utilities provider’s stock worth $474,000 after acquiring an additional 5,525 shares during the period. Ascent Wealth Partners LLC acquired a new stake in Dominion Energy during the 3rd quarter worth approximately $1,223,000. SG Americas Securities LLC lifted its position in Dominion Energy by 105.0% during the 1st quarter. SG Americas Securities LLC now owns 97,105 shares of the utilities provider’s stock worth $4,777,000 after acquiring an additional 49,740 shares during the period. Pathway Financial Advisers LLC lifted its position in Dominion Energy by 351.8% during the 3rd quarter. Pathway Financial Advisers LLC now owns 48,176 shares of the utilities provider’s stock worth $2,784,000 after acquiring an additional 37,514 shares during the period. Finally, Intech Investment Management LLC purchased a new position in shares of Dominion Energy during the 1st quarter worth approximately $708,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on D. Barclays increased their target price on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Scotiabank increased their target price on Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Jefferies Financial Group began coverage on Dominion Energy in a research note on Friday, September 20th. They set a “hold” rating and a $58.00 target price for the company. The Goldman Sachs Group reissued a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a research note on Friday. Finally, BMO Capital Markets raised 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. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Dominion Energy presently has an average rating of “Hold” and a consensus target price of $55.91.

Dominion Energy Price Performance

Dominion Energy stock traded up $1.16 during mid-day trading on Friday, hitting $57.79. 5,554,525 shares of the company were exchanged, compared to its average volume of 4,598,439. Dominion Energy, Inc. has a 12-month low of $43.53 and a 12-month high of $61.97. The business’s 50 day simple moving average is $58.01 and its two-hundred day simple moving average is $54.38. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.78. The company has a market capitalization of $48.54 billion, a P/E ratio of 20.28, a PEG ratio of 1.54 and a beta of 0.59.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $4.18 billion. During the same quarter last year, the firm earned $0.77 earnings per share. The business’s revenue was up 3.4% on a year-over-year basis. Analysts forecast that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.62%. The ex-dividend date of this dividend is Friday, November 29th. Dominion Energy’s dividend payout ratio (DPR) is 93.68%.

Dominion Energy Company 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.