Citizens Financial Group Inc. RI Sells 228 Shares of Dominion Energy, Inc. (NYSE:D)

Citizens Financial Group Inc. RI cut its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 4.0% during the third quarter, Holdings Channel.com reports. The fund owned 5,456 shares of the utilities provider’s stock after selling 228 shares during the period. Citizens Financial Group Inc. RI’s holdings in Dominion Energy were worth $315,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Family Firm Inc. bought a new position in shares of Dominion Energy during the second quarter worth $27,000. Sanctuary Wealth Management L.L.C. bought a new position in shares of Dominion Energy during the 3rd quarter valued at about $28,000. LRI Investments LLC purchased a new position in shares of Dominion Energy during the first quarter valued at about $30,000. Frazier Financial Advisors LLC bought a new stake in shares of Dominion Energy in the third quarter worth about $32,000. Finally, Triad Wealth Partners LLC purchased a new stake in shares of Dominion Energy in the second quarter worth about $33,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. The Goldman Sachs Group restated a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a report on Friday, November 8th. BMO Capital Markets boosted their price target on shares of 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 target on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. JPMorgan Chase & Co. lifted their price objective on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Finally, Barclays upped their target price on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Dominion Energy currently has a consensus rating of “Hold” and a consensus target price of $55.91.

Dominion Energy Trading Down 0.4 %

Shares of NYSE D opened at $58.14 on Friday. The business’s 50 day moving average price is $58.07 and its 200-day moving average price is $54.82. Dominion Energy, Inc. has a fifty-two week low of $43.53 and a fifty-two week high of $61.97. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The company has a market cap of $48.84 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 1.55 and a beta of 0.59.

Dominion Energy (NYSE:D) last issued its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. The firm had revenue of $3.94 billion during the quarter, compared to analyst estimates of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The business’s revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.77 earnings per share. On average, sell-side analysts expect that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.59%. The ex-dividend date is Friday, November 29th. Dominion Energy’s dividend payout ratio is presently 93.68%.

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.