Valeo Financial Advisors LLC Has $909,000 Holdings in Dominion Energy, Inc. (NYSE:D)

Valeo Financial Advisors LLC decreased its position in shares of Dominion Energy, Inc. (NYSE:D) by 14.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,736 shares of the utilities provider’s stock after selling 2,749 shares during the period. Valeo Financial Advisors LLC’s holdings in Dominion Energy were worth $909,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Pinnacle Wealth Management Advisory Group LLC grew its stake in shares of Dominion Energy by 1.8% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 10,909 shares of the utilities provider’s stock worth $535,000 after acquiring an additional 195 shares during the last quarter. Valley National Advisers Inc. grew its position in Dominion Energy by 8.6% in the 2nd quarter. Valley National Advisers Inc. now owns 2,504 shares of the utilities provider’s stock worth $122,000 after purchasing an additional 198 shares during the last quarter. Altman Advisors Inc. increased its holdings in shares of Dominion Energy by 0.7% during the 2nd quarter. Altman Advisors Inc. now owns 29,031 shares of the utilities provider’s stock worth $1,423,000 after purchasing an additional 198 shares during the period. Centennial Wealth Advisory LLC increased its holdings in shares of Dominion Energy by 2.8% during the 2nd quarter. Centennial Wealth Advisory LLC now owns 7,381 shares of the utilities provider’s stock worth $362,000 after purchasing an additional 199 shares during the period. Finally, Ridgewood Investments LLC raised its position in shares of Dominion Energy by 0.9% during the first quarter. Ridgewood Investments LLC now owns 24,536 shares of the utilities provider’s stock valued at $1,207,000 after buying an additional 210 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Dominion Energy Stock Up 1.3 %

Shares of NYSE D opened at $56.22 on Monday. The business has a fifty day moving average of $56.65 and a two-hundred day moving average of $53.01. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.78 and a current ratio of 0.93. Dominion Energy, Inc. has a 52-week low of $39.18 and a 52-week high of $58.94. The stock has a market cap of $47.09 billion, a PE ratio of 28.98, a PEG ratio of 1.48 and a beta of 0.60.

Dominion Energy (NYSE:D) last released its quarterly 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. The firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 earnings per share. As a group, equities research analysts expect that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 30th were given a $0.6675 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.67 annualized dividend and a yield of 4.75%. Dominion Energy’s payout ratio is 137.63%.

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.