Dominion Energy, Inc. (NYSE:D) Shares Sold by Northwest Bancshares Inc.

Northwest Bancshares Inc. decreased its position in shares of Dominion Energy, Inc. (NYSE:D) by 6.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,870 shares of the utilities provider’s stock after selling 401 shares during the period. Northwest Bancshares Inc.’s holdings in Dominion Energy were worth $339,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Family Firm Inc. purchased a new stake in Dominion Energy during the 2nd quarter valued at approximately $27,000. Sanctuary Wealth Management L.L.C. acquired a new position in shares of Dominion Energy in the third quarter valued at approximately $28,000. LRI Investments LLC acquired a new stake in shares of Dominion Energy during the first quarter worth $30,000. Frazier Financial Advisors LLC acquired a new stake in shares of Dominion Energy during the third quarter worth $32,000. Finally, Triad Wealth Partners LLC acquired a new stake in shares of Dominion Energy during the second quarter worth $33,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Up 0.4 %

Shares of D stock opened at $57.80 on Thursday. The stock has a market cap of $48.55 billion, a P/E ratio of 20.28, a P/E/G ratio of 1.53 and a beta of 0.59. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a fifty-two week low of $43.53 and a fifty-two week high of $61.97. The business has a fifty day simple moving average of $58.05 and a 200-day simple moving average of $54.73.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. The firm had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The firm’s revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.77 EPS. On average, analysts forecast that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date of this dividend is Friday, November 29th. Dominion Energy’s payout ratio is currently 93.68%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. 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 research note on Monday, August 5th. Barclays raised their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Scotiabank boosted their target price on Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. JPMorgan Chase & Co. raised their price target on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Finally, Jefferies Financial Group began coverage on Dominion Energy in a report on Friday, September 20th. They set a “hold” rating and a $58.00 price objective on the stock. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and an average price target of $55.91.

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.