Vinva Investment Management Ltd Sells 2,183 Shares of Dominion Energy, Inc. (NYSE:D)

Vinva Investment Management Ltd reduced its holdings in Dominion Energy, Inc. (NYSE:D) by 11.2% in the third quarter, HoldingsChannel reports. The firm owned 17,268 shares of the utilities provider’s stock after selling 2,183 shares during the period. Vinva Investment Management Ltd’s holdings in Dominion Energy were worth $987,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Oppenheimer & Co. Inc. increased its holdings in Dominion Energy by 22.8% in the third quarter. Oppenheimer & Co. Inc. now owns 69,343 shares of the utilities provider’s stock worth $4,007,000 after purchasing an additional 12,890 shares in the last quarter. Caprock Group LLC increased its holdings in shares of Dominion Energy by 133.0% during the second quarter. Caprock Group LLC now owns 9,679 shares of the utilities provider’s stock valued at $474,000 after acquiring an additional 5,525 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Dominion Energy by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,164,929 shares of the utilities provider’s stock valued at $298,481,000 after acquiring an additional 43,055 shares in the last quarter. Ascent Wealth Partners LLC bought a new stake in shares of Dominion Energy during the third quarter valued at approximately $1,223,000. Finally, Pathway Financial Advisers LLC increased its holdings in shares of Dominion Energy by 351.8% during the third quarter. Pathway Financial Advisers LLC now owns 48,176 shares of the utilities provider’s stock valued at $2,784,000 after acquiring an additional 37,514 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on D. BMO Capital Markets boosted their price objective 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 boosted their price objective on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Barclays boosted their price objective on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. boosted their price objective on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $55.91.

Dominion Energy Stock Down 0.5 %

D stock opened at $58.76 on Friday. The stock’s fifty day simple moving average is $58.19 and its two-hundred day simple moving average is $55.03. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 1-year low of $43.53 and a 1-year high of $61.97. The stock has a market cap of $49.36 billion, a P/E ratio of 20.62, a P/E/G ratio of 1.59 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 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 in the previous year, the firm earned $0.77 earnings per share. The business’s revenue was up 3.4% on a year-over-year basis. Analysts expect that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be paid a $0.6675 dividend. The ex-dividend date is Friday, November 29th. This represents a $2.67 annualized dividend and a dividend yield of 4.54%. Dominion Energy’s payout ratio is presently 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.