Dominion Energy, Inc. (NYSE:D) Shares Sold by MeadowBrook Investment Advisors LLC

MeadowBrook Investment Advisors LLC lessened its position in shares of Dominion Energy, Inc. (NYSE:D) by 47.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 900 shares of the utilities provider’s stock after selling 820 shares during the quarter. MeadowBrook Investment Advisors LLC’s holdings in Dominion Energy were worth $52,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Caprock Group LLC raised its holdings in shares of Dominion Energy by 133.0% in the second quarter. Caprock Group LLC now owns 9,679 shares of the utilities provider’s stock worth $474,000 after acquiring an additional 5,525 shares during the last quarter. Ascent Wealth Partners LLC purchased a new position in Dominion Energy in the 3rd quarter valued at about $1,223,000. Pathway Financial Advisers LLC boosted its stake in shares of 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 purchasing an additional 37,514 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of Dominion Energy during the first quarter worth about $708,000. Finally, QRG Capital Management Inc. purchased a new stake in shares of Dominion Energy during the first quarter worth about $272,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Stock Up 0.4 %

NYSE D traded up $0.25 during mid-day trading on Thursday, reaching $56.83. 929,231 shares of the company’s stock traded hands, compared to its average volume of 4,414,060. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 1-year low of $43.53 and a 1-year high of $61.97. The company has a fifty day simple moving average of $58.05 and a 200-day simple moving average of $54.52. The company has a market cap of $47.74 billion, a price-to-earnings ratio of 19.85, a P/E/G ratio of 1.52 and a beta of 0.59.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $4.18 billion. During the same period in the prior year, the company posted $0.77 earnings per share. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. As a group, equities research analysts expect that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.70%. The ex-dividend date is Friday, November 29th. Dominion Energy’s payout ratio is currently 93.68%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on D. The Goldman Sachs Group restated a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th. Scotiabank lifted their price objective on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. JPMorgan Chase & Co. increased their target price on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Jefferies Financial Group assumed coverage on Dominion Energy in a report on Friday, September 20th. They issued a “hold” rating and a $58.00 price target for the company. Finally, BMO Capital Markets upped their price objective 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. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and a consensus target price of $55.91.

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.