SouthState Corp Sells 2,965 Shares of Dominion Energy, Inc. (NYSE:D)

SouthState Corp reduced its position in shares of Dominion Energy, Inc. (NYSE:D) by 17.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 14,128 shares of the utilities provider’s stock after selling 2,965 shares during the period. SouthState Corp’s holdings in Dominion Energy were worth $816,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Family Firm Inc. bought a new position in shares of Dominion Energy in the 2nd quarter valued at about $27,000. Sanctuary Wealth Management L.L.C. acquired a new position in shares of Dominion Energy during the third quarter worth about $28,000. LRI Investments LLC acquired a new stake in Dominion Energy in the 1st quarter valued at $30,000. Frazier Financial Advisors LLC acquired a new position in shares of Dominion Energy during the 3rd quarter worth approximately $32,000. Finally, Triad Wealth Partners LLC bought a new stake in shares of Dominion Energy in the 2nd quarter valued at about $33,000. Institutional investors own 73.04% of the company’s stock.

Analyst Ratings Changes

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

Dominion Energy Trading Down 0.2 %

Shares of D opened at $57.58 on Wednesday. The firm has a market cap of $48.36 billion, a P/E ratio of 20.20, a price-to-earnings-growth ratio of 1.53 and a beta of 0.59. Dominion Energy, Inc. has a fifty-two week low of $43.53 and a fifty-two week high of $61.97. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The business has a 50-day moving average of $58.04 and a 200 day moving average of $54.71.

Dominion Energy (NYSE:D) last posted its quarterly earnings results 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 during the quarter, compared to analyst estimates of $4.18 billion. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period last year, the company earned $0.77 earnings per share. As a group, research analysts forecast that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be issued a $0.6675 dividend. The ex-dividend date is Friday, November 29th. This represents a $2.67 annualized dividend and a dividend yield of 4.64%. Dominion Energy’s payout ratio is currently 93.68%.

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.