Dominion Energy, Inc. (NYSE:D) Stake Reduced by Cedrus LLC

Cedrus LLC decreased its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 31.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,952 shares of the utilities provider’s stock after selling 1,804 shares during the period. Cedrus LLC’s holdings in Dominion Energy were worth $228,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Family Firm Inc. acquired a new stake in shares of Dominion Energy during the second quarter worth $27,000. LRI Investments LLC purchased a new position in Dominion Energy in the 1st quarter worth about $30,000. Triad Wealth Partners LLC acquired a new stake in Dominion Energy during the 2nd quarter worth about $33,000. Opal Wealth Advisors LLC purchased a new stake in Dominion Energy during the second quarter valued at about $35,000. Finally, Kimelman & Baird LLC purchased a new position in shares of Dominion Energy in the second quarter worth approximately $36,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. BMO Capital Markets upped their price target on shares of 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. 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 report on Monday, August 12th. 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. Finally, Barclays upped their target price on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $55.40.

Dominion Energy Stock Up 0.3 %

Shares of Dominion Energy stock opened at $59.92 on Monday. The firm has a market cap of $50.19 billion, a price-to-earnings ratio of 30.89, a P/E/G ratio of 1.60 and a beta of 0.60. The stock has a 50-day simple moving average of $57.10 and a 200-day simple moving average of $53.36. Dominion Energy, Inc. has a 52-week low of $39.18 and a 52-week high of $60.73. 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 posted its earnings results on Thursday, August 1st. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.09. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The firm had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.73 billion. During the same period in the previous year, the company earned $0.53 earnings per share. The company’s revenue was up 10.1% compared to the same quarter last year. On average, equities research analysts expect that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal 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 issued a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.67 annualized dividend and a yield of 4.46%. Dominion Energy’s dividend payout ratio (DPR) is currently 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.