Seneca House Advisors Sells 654 Shares of Dominion Energy, Inc. (NYSE:D)

Seneca House Advisors trimmed its position in Dominion Energy, Inc. (NYSE:D) by 6.1% during the third quarter, Holdings Channel reports. The institutional investor owned 10,055 shares of the utilities provider’s stock after selling 654 shares during the quarter. Seneca House Advisors’ holdings in Dominion Energy were worth $581,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Caprock Group LLC increased its position in shares of Dominion Energy by 133.0% during the 2nd 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 last quarter. SG Americas Securities LLC boosted its position in shares of Dominion Energy by 105.0% during the 1st quarter. SG Americas Securities LLC now owns 97,105 shares of the utilities provider’s stock worth $4,777,000 after acquiring an additional 49,740 shares in the last quarter. Wedmont Private Capital raised its holdings in shares of Dominion Energy by 14.1% during the 1st quarter. Wedmont Private Capital now owns 4,822 shares of the utilities provider’s stock worth $239,000 after buying an additional 596 shares in the last quarter. Vinva Investment Management Ltd lifted its holdings in shares of Dominion Energy by 27.0% in the fourth quarter. Vinva Investment Management Ltd now owns 6,818 shares of the utilities provider’s stock worth $321,000 after acquiring an additional 1,451 shares during the last quarter. Finally, Intech Investment Management LLC bought a new stake in Dominion Energy during the 1st quarter worth $708,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Stock Up 0.3 %

D stock traded up $0.15 during midday trading on Friday, hitting $58.23. The company’s stock had a trading volume of 2,459,670 shares, compared to its average volume of 4,421,705. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 12 month low of $39.18 and a 12 month high of $58.94. The company has a market cap of $48.77 billion, a PE ratio of 30.01, a P/E/G ratio of 1.55 and a beta of 0.60. The firm’s 50-day moving average is $56.43 and its 200-day moving average is $52.65.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.65 earnings per share for the quarter, topping 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 the consensus estimate of $3.73 billion. During the same period last year, the firm earned $0.53 earnings per share. The company’s quarterly revenue was up 10.1% on a year-over-year basis. On average, equities research analysts forecast that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 30th were given a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.59%. The ex-dividend date of this dividend was Friday, August 30th. Dominion Energy’s dividend payout ratio is presently 137.63%.

Analyst Upgrades and Downgrades

D has been the subject of a number of analyst reports. 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. Scotiabank upped their price objective on shares of Dominion Energy from $48.00 to $58.00 and gave the stock 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 stock a “neutral” rating in a report on Monday, August 12th. Finally, Jefferies Financial Group started coverage on shares of Dominion Energy in a research report on Friday, September 20th. They set a “hold” rating and a $58.00 target price on the stock. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $54.50.

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.