Citizens Financial Group Inc. RI Trims Stake in Dominion Energy, Inc. (NYSE:D)

Citizens Financial Group Inc. RI cut its stake in Dominion Energy, Inc. (NYSE:D) by 4.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,456 shares of the utilities provider’s stock after selling 228 shares during the period. Citizens Financial Group Inc. RI’s holdings in Dominion Energy were worth $315,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Sanctuary Wealth Management L.L.C. purchased a new position in shares of Dominion Energy during the third quarter valued at approximately $28,000. Family Firm Inc. bought a new position in Dominion Energy during the 2nd quarter valued at approximately $27,000. Frazier Financial Advisors LLC purchased a new position in Dominion Energy during the third quarter valued at $32,000. LRI Investments LLC bought a new stake in Dominion Energy in the first quarter worth $32,000. Finally, Reston Wealth Management LLC purchased a new stake in shares of Dominion Energy in the third quarter worth $36,000. 73.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on D. Scotiabank upped their price target 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. Jefferies Financial Group assumed coverage on shares of Dominion Energy in a research note on Friday, September 20th. They issued a “hold” rating and a $58.00 target price on the stock. JPMorgan Chase & Co. raised their price target on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Barclays upped their price objective on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a report on Friday, November 8th. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $55.91.

Dominion Energy Trading Down 0.4 %

Shares of NYSE:D opened at $58.14 on Friday. The stock’s 50-day simple moving average is $58.07 and its two-hundred day simple moving average is $54.82. The stock has a market capitalization of $48.84 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 1.55 and a beta of 0.59. Dominion Energy, Inc. has a 52-week low of $43.53 and a 52-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.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4.18 billion. During the same quarter last year, the firm posted $0.77 earnings per share. The firm’s revenue was up 3.4% compared to the same quarter last year. Analysts expect that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Dividend Announcement

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 issued a $0.6675 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a yield of 4.59%. Dominion Energy’s dividend payout ratio is currently 93.68%.

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.