David J Yvars Group Sells 298 Shares of Dominion Energy, Inc. (NYSE:D)

David J Yvars Group reduced its stake in Dominion Energy, Inc. (NYSE:D) by 7.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 3,843 shares of the utilities provider’s stock after selling 298 shares during the quarter. David J Yvars Group’s holdings in Dominion Energy were worth $222,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Caprock Group LLC lifted its position in Dominion Energy by 133.0% during the 2nd quarter. Caprock Group LLC now owns 9,679 shares of the utilities provider’s stock worth $474,000 after buying an additional 5,525 shares in the last quarter. SG Americas Securities LLC lifted its position in Dominion Energy by 105.0% during the 1st quarter. SG Americas Securities LLC now owns 97,105 shares of the utilities provider’s stock worth $4,777,000 after buying an additional 49,740 shares in the last quarter. Pathway Financial Advisers LLC lifted its position in Dominion Energy by 351.8% during the 3rd quarter. Pathway Financial Advisers LLC now owns 48,176 shares of the utilities provider’s stock worth $2,784,000 after buying an additional 37,514 shares in the last quarter. Intech Investment Management LLC bought a new stake in shares of Dominion Energy in the 1st quarter valued at about $708,000. Finally, QRG Capital Management Inc. bought a new stake in shares of Dominion Energy in the 1st quarter valued at about $272,000. 73.04% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Scotiabank upped their target price on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Jefferies Financial Group began coverage on shares of Dominion Energy in a research report on Friday, September 20th. They set a “hold” rating and a $58.00 price target on the stock. JPMorgan Chase & Co. increased their price target on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Barclays increased their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Finally, BMO Capital Markets raised their price target on shares of Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research note on Monday, August 5th. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Dominion Energy has a consensus rating of “Hold” and a consensus price target of $55.40.

Dominion Energy Trading Down 2.6 %

NYSE:D opened at $57.06 on Thursday. The company has a current ratio of 0.74, a quick ratio of 0.78 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $47.93 billion, a price-to-earnings ratio of 20.02, a PEG ratio of 1.53 and a beta of 0.59. The firm has a fifty day simple moving average of $57.96 and a two-hundred day simple moving average of $54.29. Dominion Energy, Inc. has a 12 month low of $43.53 and a 12 month high of $61.97.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same period last year, the company earned $0.77 earnings per share. The business’s revenue was up 3.4% on a year-over-year basis. Analysts expect that Dominion Energy, Inc. will post 2.76 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date of this dividend is Friday, November 29th. Dominion Energy’s 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.