Abner Herrman & Brock LLC decreased its holdings in shares of Dominion Energy Inc (NYSE:D) by 4.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,630 shares of the utilities provider’s stock after selling 135 shares during the period. Abner Herrman & Brock LLC’s holdings in Dominion Energy were worth $213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also modified their holdings of D. USS Investment Management Ltd acquired a new stake in Dominion Energy during the 1st quarter worth approximately $35,444,000. Interactive Financial Advisors acquired a new stake in Dominion Energy during the 1st quarter worth approximately $26,000. First Trust Advisors LP lifted its holdings in Dominion Energy by 4.1% during the 1st quarter. First Trust Advisors LP now owns 905,878 shares of the utilities provider’s stock worth $69,445,000 after purchasing an additional 35,395 shares during the last quarter. Trexquant Investment LP acquired a new stake in Dominion Energy during the 1st quarter worth approximately $1,822,000. Finally, Burney Co. lifted its holdings in Dominion Energy by 24.0% during the 1st quarter. Burney Co. now owns 9,010 shares of the utilities provider’s stock worth $691,000 after purchasing an additional 1,745 shares during the last quarter. 65.11% of the stock is owned by hedge funds and other institutional investors.
Several analysts recently weighed in on the company. Wolfe Research raised Dominion Energy from a “peer perform” rating to an “outperform” rating in a report on Thursday, August 1st. TheStreet raised Dominion Energy from a “c+” rating to a “b-” rating in a report on Thursday, September 19th. Wells Fargo & Co set a $83.00 price target on Dominion Energy and gave the stock a “hold” rating in a report on Friday, August 30th. Morgan Stanley set a $84.00 price objective on Dominion Energy and gave the company a “hold” rating in a report on Friday, August 16th. Finally, Zacks Investment Research cut Dominion Energy from a “hold” rating to a “sell” rating and set a $83.00 price objective for the company. in a report on Thursday, July 4th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $79.64.
Shares of NYSE D opened at $81.90 on Friday. The stock has a market capitalization of $64.85 billion, a PE ratio of 20.22, a P/E/G ratio of 4.03 and a beta of 0.22. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.60 and a quick ratio of 0.42. The business has a fifty day moving average price of $79.10 and a two-hundred day moving average price of $77.02. Dominion Energy Inc has a fifty-two week low of $67.41 and a fifty-two week high of $82.59.
Dominion Energy (NYSE:D) last announced its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.02. The firm had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $4.21 billion. Dominion Energy had a return on equity of 11.74% and a net margin of 5.94%. The company’s quarterly revenue was up 28.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.86 EPS. On average, equities analysts expect that Dominion Energy Inc will post 4.14 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were paid a $0.9175 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $3.67 annualized dividend and a dividend yield of 4.48%. Dominion Energy’s payout ratio is 90.62%.
About Dominion Energy
Dominion Energy, Inc produces and transports energy. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities.
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