Dominion Energy, Inc. (NYSE:D) Shares Sold by Sunbelt Securities Inc.

Sunbelt Securities Inc. reduced its position in Dominion Energy, Inc. (NYSE:D) by 4.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,385 shares of the utilities provider’s stock after selling 289 shares during the quarter. Sunbelt Securities Inc.’s holdings in Dominion Energy were worth $313,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of D. Bank of Nova Scotia increased its stake in shares of Dominion Energy by 10.0% in the 4th quarter. Bank of Nova Scotia now owns 95,315 shares of the utilities provider’s stock worth $4,480,000 after acquiring an additional 8,654 shares during the last quarter. KBC Group NV increased its stake in shares of Dominion Energy by 5.4% in the 4th quarter. KBC Group NV now owns 55,277 shares of the utilities provider’s stock worth $2,598,000 after acquiring an additional 2,833 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of Dominion Energy by 22.8% in the 4th quarter. Jones Financial Companies Lllp now owns 6,193 shares of the utilities provider’s stock worth $291,000 after acquiring an additional 1,148 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Dominion Energy by 1.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,522,977 shares of the utilities provider’s stock worth $71,580,000 after acquiring an additional 15,821 shares during the last quarter. Finally, NEOS Investment Management LLC increased its stake in shares of Dominion Energy by 45.0% in the 4th quarter. NEOS Investment Management LLC now owns 11,904 shares of the utilities provider’s stock worth $559,000 after acquiring an additional 3,697 shares during the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Stock Performance

Shares of Dominion Energy stock opened at $58.36 on Thursday. The business has a 50-day moving average of $56.20 and a 200 day moving average of $52.55. Dominion Energy, Inc. has a 12 month low of $39.18 and a 12 month high of $58.94. The stock has a market capitalization of $48.88 billion, a price-to-earnings ratio of 30.08, a price-to-earnings-growth ratio of 1.53 and a beta of 0.60. 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 (NYSE:D) last announced its earnings results on Thursday, August 1st. The utilities provider reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.09. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The company had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.73 billion. During the same period last year, the business posted $0.53 EPS. Dominion Energy’s revenue for the quarter was up 10.1% on a year-over-year basis. As a group, sell-side analysts forecast that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 30th were paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.58%. The ex-dividend date of this dividend was Friday, August 30th. Dominion Energy’s payout ratio is presently 137.63%.

Analysts Set New Price Targets

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

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.