D.B. Root & Company LLC Cuts Position in Dominion Energy, Inc. (NYSE:D)

D.B. Root & Company LLC decreased its stake in Dominion Energy, Inc. (NYSE:D) by 5.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,144 shares of the utilities provider’s stock after selling 840 shares during the period. D.B. Root & Company LLC’s holdings in Dominion Energy were worth $696,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of D. Tower Research Capital LLC TRC grew its position in Dominion Energy by 103.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 52,717 shares of the utilities provider’s stock worth $2,355,000 after purchasing an additional 26,757 shares during the last quarter. Bank of Nova Scotia lifted its holdings in Dominion Energy by 14.8% in the third quarter. Bank of Nova Scotia now owns 86,661 shares of the utilities provider’s stock worth $3,871,000 after purchasing an additional 11,194 shares during the period. Cape Cod Five Cents Savings Bank bought a new position in Dominion Energy in the 3rd quarter valued at about $212,000. Kinloch Capital LLC raised its position in shares of Dominion Energy by 12.2% during the 3rd quarter. Kinloch Capital LLC now owns 5,252 shares of the utilities provider’s stock worth $235,000 after buying an additional 571 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of Dominion Energy in the 3rd quarter worth approximately $2,554,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Price Performance

D traded down $0.61 during trading on Friday, hitting $49.00. 6,707,023 shares of the stock traded hands, compared to its average volume of 3,965,151. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.05 and a quick ratio of 0.94. Dominion Energy, Inc. has a twelve month low of $39.18 and a twelve month high of $54.74. The company has a market cap of $41.04 billion, a price-to-earnings ratio of 25.26, a PEG ratio of 1.31 and a beta of 0.60. The business has a 50 day moving average price of $51.64 and a 200 day moving average price of $48.74.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.04. The company had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $4.34 billion. Dominion Energy had a return on equity of 7.50% and a net margin of 11.57%. The business’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.99 earnings per share. Equities research analysts forecast that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Friday, May 31st were given a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.45%. Dominion Energy’s payout ratio is presently 137.63%.

Analysts Set New Price Targets

Several research firms have issued reports on D. Barclays cut their price objective on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. Evercore ISI lifted their price objective on shares of Dominion Energy from $47.00 to $53.00 and gave the stock an “in-line” rating in a research report on Friday, May 3rd. Bank of America upgraded Dominion Energy from an “underperform” rating to a “neutral” rating and increased their target price for the company from $43.00 to $54.00 in a report on Friday, May 10th. Mizuho lifted their price target on Dominion Energy from $45.00 to $52.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Finally, Wells Fargo & Company lifted their target price on Dominion Energy from $51.00 to $55.00 and gave the company an “equal weight” rating in a research note on Friday, May 3rd. Ten equities research 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, Dominion Energy currently has a consensus rating of “Hold” and a consensus target price of $51.73.

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.