Burney Co. Sells 1,500 Shares of Dominion Energy, Inc. (NYSE:D)

Burney Co. cut its stake in Dominion Energy, Inc. (NYSE:D) by 13.9% in the first quarter, Holdings Channel reports. The firm owned 9,304 shares of the utilities provider’s stock after selling 1,500 shares during the period. Burney Co.’s holdings in Dominion Energy were worth $458,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of D. Criterion Capital Advisors LLC acquired a new stake in Dominion Energy in the 4th quarter worth approximately $29,000. Rise Advisors LLC acquired a new stake in Dominion Energy during the 1st quarter valued at approximately $30,000. LRI Investments LLC acquired a new stake in Dominion Energy during the 1st quarter valued at approximately $30,000. Venturi Wealth Management LLC lifted its stake in Dominion Energy by 84.5% during the 4th quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 310 shares during the period. Finally, Janiczek Wealth Management LLC lifted its stake in Dominion Energy by 20,100.0% during the 4th quarter. Janiczek Wealth Management LLC now owns 808 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 804 shares during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Trading Up 1.2 %

NYSE D traded up $0.64 during trading hours on Friday, reaching $56.08. The company had a trading volume of 5,501,213 shares, compared to its average volume of 3,327,657. The stock has a 50-day moving average of $51.24 and a 200 day moving average of $49.36. Dominion Energy, Inc. has a 1-year low of $39.18 and a 1-year high of $57.60. The company has a current ratio of 1.05, a quick ratio of 0.94 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $46.97 billion, a P/E ratio of 28.90, a price-to-earnings-growth ratio of 1.48 and a beta of 0.58.

Dominion Energy (NYSE:D) last posted its earnings results on Thursday, August 1st. The utilities provider reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. Dominion Energy had a net margin of 11.63% and a return on equity of 7.68%. The company had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.73 billion. During the same quarter in the prior year, the company posted $0.53 earnings per share. Dominion Energy’s revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, research analysts anticipate 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 will be paid on Friday, September 20th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.67 dividend on an annualized basis and a yield of 4.76%. Dominion Energy’s dividend payout ratio (DPR) is presently 137.63%.

Wall Street Analysts Forecast Growth

D has been the subject of several recent analyst reports. Scotiabank cut their price target on shares of Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. Wells Fargo & Company boosted their price target on shares of Dominion Energy from $51.00 to $55.00 and gave the stock an “equal weight” rating in a report on Friday, May 3rd. Bank of America raised shares of Dominion Energy from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $43.00 to $54.00 in a report on Friday, May 10th. Evercore ISI lifted their target price on shares of Dominion Energy from $47.00 to $53.00 and gave the stock an “in-line” rating in a research note on Friday, May 3rd. Finally, StockNews.com raised shares of Dominion Energy from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and a consensus target price of $51.64.

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.