Insigneo Advisory Services LLC Reduces Holdings in Dominion Energy, Inc. (NYSE:D)

Insigneo Advisory Services LLC lowered its stake in shares of Dominion Energy, Inc. (NYSE:D) by 9.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,201 shares of the utilities provider’s stock after selling 1,062 shares during the quarter. Insigneo Advisory Services LLC’s holdings in Dominion Energy were worth $551,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Family Firm Inc. bought a new stake in Dominion Energy during the 2nd quarter valued at approximately $27,000. Rise Advisors LLC bought a new stake in shares of Dominion Energy during the first quarter valued at approximately $30,000. LRI Investments LLC purchased a new stake in Dominion Energy in the first quarter worth $30,000. Triad Wealth Partners LLC bought a new position in Dominion Energy in the second quarter worth $33,000. Finally, Opal Wealth Advisors LLC purchased a new position in Dominion Energy during the second quarter valued at $35,000. 73.04% of the stock is owned by institutional investors.

Dominion Energy Trading Down 0.2 %

Shares of NYSE:D opened at $57.13 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.78. Dominion Energy, Inc. has a 1 year low of $39.18 and a 1 year high of $58.94. The company has a market cap of $47.85 billion, a P/E ratio of 29.45, a PEG ratio of 1.53 and a beta of 0.60. The stock’s fifty day moving average price is $55.58 and its 200-day moving average price is $52.19.

Dominion Energy (NYSE:D) last posted its earnings results on Thursday, August 1st. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.09. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The business had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.73 billion. During the same quarter in the prior year, the business earned $0.53 EPS. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. Sell-side analysts expect that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 30th were paid a dividend of $0.6675 per share. The ex-dividend date was Friday, August 30th. This represents a $2.67 dividend on an annualized basis and a yield of 4.67%. Dominion Energy’s dividend payout ratio is presently 137.63%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on D. BMO Capital Markets increased their price target on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. Scotiabank raised their target price on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Jefferies Financial Group initiated coverage on Dominion Energy in a research report on Friday, September 20th. They issued a “hold” rating and a $58.00 price target on the stock. Finally, JPMorgan Chase & Co. upped their price target on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $54.50.

Dominion Energy 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.