Dominion Energy, Inc. (NYSE:D) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 8.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,481 shares of the utilities provider’s stock after selling 4,537 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Dominion Energy were worth $2,859,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of D. Oppenheimer & Co. Inc. boosted its position in shares of Dominion Energy by 22.8% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 69,343 shares of the utilities provider’s stock valued at $4,007,000 after acquiring an additional 12,890 shares during the last quarter. Caprock Group LLC raised its stake in Dominion Energy by 133.0% during the second quarter. Caprock Group LLC now owns 9,679 shares of the utilities provider’s stock worth $474,000 after purchasing an additional 5,525 shares during the period. Ascent Wealth Partners LLC acquired a new position in Dominion Energy in the 3rd quarter valued at about $1,223,000. Pathway Financial Advisers LLC grew its stake in shares of Dominion Energy by 351.8% in the 3rd quarter. Pathway Financial Advisers LLC now owns 48,176 shares of the utilities provider’s stock valued at $2,784,000 after buying an additional 37,514 shares during the period. Finally, Asset Management One Co. Ltd. increased its holdings in shares of Dominion Energy by 3.8% during the 3rd quarter. Asset Management One Co. Ltd. now owns 315,645 shares of the utilities provider’s stock worth $18,241,000 after buying an additional 11,517 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Scotiabank upped their price objective on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. JPMorgan Chase & Co. upped 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. Barclays raised their price objective on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th. Finally, BMO Capital Markets increased their target price 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. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Dominion Energy has a consensus rating of “Hold” and an average price target of $55.91.

Dominion Energy Stock Up 1.0 %

Shares of NYSE:D opened at $59.13 on Wednesday. The firm has a market capitalization of $49.67 billion, a PE ratio of 20.75, a price-to-earnings-growth ratio of 1.55 and a beta of 0.59. Dominion Energy, Inc. has a 1 year low of $43.53 and a 1 year high of $61.97. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The firm’s 50-day moving average is $58.09 and its two-hundred day moving average is $54.92.

Dominion Energy (NYSE:D) last announced its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, topping 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 the consensus estimate of $4.18 billion. During the same period in the prior year, the firm earned $0.77 EPS. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. Analysts predict that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a yield of 4.52%. Dominion Energy’s dividend payout ratio (DPR) is presently 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.