Empire Financial Management Company LLC Has $489,000 Position in Dominion Energy, Inc. (NYSE:D)

Empire Financial Management Company LLC lessened its holdings in Dominion Energy, Inc. (NYSE:D) by 32.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,454 shares of the utilities provider’s stock after selling 4,000 shares during the period. Empire Financial Management Company LLC’s holdings in Dominion Energy were worth $489,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. BLB&B Advisors LLC increased its holdings in Dominion Energy by 2.5% in the 3rd quarter. BLB&B Advisors LLC now owns 7,223 shares of the utilities provider’s stock worth $417,000 after purchasing an additional 173 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC increased its position in Dominion Energy by 1.8% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 10,909 shares of the utilities provider’s stock valued at $535,000 after acquiring an additional 195 shares during the period. Cobblestone Capital Advisors LLC NY increased its holdings in Dominion Energy by 2.6% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 7,786 shares of the utilities provider’s stock valued at $450,000 after purchasing an additional 195 shares during the period. Valley National Advisers Inc. raised its position in Dominion Energy by 8.6% during the 2nd quarter. Valley National Advisers Inc. now owns 2,504 shares of the utilities provider’s stock worth $122,000 after purchasing an additional 198 shares during the last quarter. Finally, Altman Advisors Inc. increased its stake in shares of Dominion Energy by 0.7% in the second quarter. Altman Advisors Inc. now owns 29,031 shares of the utilities provider’s stock valued at $1,423,000 after buying an additional 198 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Scotiabank raised their price target on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. The Goldman Sachs Group restated a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a report on Friday, November 8th. Morgan Stanley began coverage on Dominion Energy in a report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price target for the company. Barclays boosted their price objective on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Finally, Jefferies Financial Group started coverage on Dominion Energy in a research note on Friday, September 20th. They set a “hold” rating and a $58.00 target price for the company. Eleven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $56.33.

Dominion Energy Price Performance

D stock opened at $55.04 on Wednesday. The company has a market capitalization of $46.23 billion, a P/E ratio of 19.31, a price-to-earnings-growth ratio of 1.49 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 business has a 50-day simple moving average of $58.09 and a two-hundred day simple moving average of $55.19. 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 released its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $4.18 billion. During the same period in the prior year, the firm posted $0.77 EPS. Dominion Energy’s quarterly revenue was up 3.4% compared to the same quarter last year. Research analysts expect that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be given a $0.6675 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.67 annualized dividend and a yield of 4.85%. Dominion Energy’s dividend payout ratio is currently 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.