Culbertson A N & Co. Inc. Has $1.02 Million Position in Dominion Energy, Inc. (NYSE:D)

Culbertson A N & Co. Inc. decreased its position in Dominion Energy, Inc. (NYSE:D) by 10.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,636 shares of the utilities provider’s stock after selling 1,996 shares during the quarter. Culbertson A N & Co. Inc.’s holdings in Dominion Energy were worth $1,019,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in D. Family Firm Inc. bought a new position in Dominion Energy during the 2nd quarter worth $27,000. Rise Advisors LLC bought a new position in Dominion Energy in the first quarter valued at about $30,000. LRI Investments LLC acquired a new position in Dominion Energy during the 1st quarter worth approximately $30,000. Triad Wealth Partners LLC bought a new stake in shares of Dominion Energy during the second quarter worth $33,000. Finally, Opal Wealth Advisors LLC bought a new position in Dominion Energy in the second quarter valued at about $35,000. Institutional investors own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on D. BMO Capital Markets raised their target price on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. upped their target price on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Scotiabank increased their target price on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Barclays lifted their price target on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Jefferies Financial Group assumed coverage on shares of Dominion Energy in a report on Friday, September 20th. They issued a “hold” rating and a $58.00 target price on the stock. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Dominion Energy currently has a consensus rating of “Hold” and a consensus target price of $55.40.

Dominion Energy Stock Up 5.1 %

D opened at $60.55 on Thursday. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. The stock has a market cap of $50.72 billion, a price-to-earnings ratio of 31.21, a PEG ratio of 1.52 and a beta of 0.60. The company’s 50-day moving average price is $56.88 and its two-hundred day moving average price is $53.17. Dominion Energy, Inc. has a twelve month low of $39.18 and a twelve month high of $60.72.

Dominion Energy (NYSE:D) last issued its earnings results on Thursday, August 1st. The utilities provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.09. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The firm had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.73 billion. During the same quarter last year, the business earned $0.53 earnings per share. The company’s quarterly revenue was up 10.1% on a year-over-year basis. As a group, equities analysts expect that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 30th were given a $0.6675 dividend. The ex-dividend date was Friday, August 30th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.41%. Dominion Energy’s dividend payout ratio (DPR) is currently 137.63%.

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.