Culbertson A N & Co. Inc. Cuts Stake in Dominion Energy, Inc. (NYSE:D)

Culbertson A N & Co. Inc. reduced its stake in shares of Dominion Energy, Inc. (NYSE:D) by 10.2% during the third quarter, Holdings Channel reports. The institutional investor owned 17,636 shares of the utilities provider’s stock after selling 1,996 shares during the quarter. Culbertson A N & Co. Inc.’s holdings in Dominion Energy were worth $1,019,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. HighPoint Advisor Group LLC bought a new position in Dominion Energy during the 4th quarter valued at approximately $654,000. Nomura Holdings Inc. grew its holdings in shares of Dominion Energy by 212.9% during the 4th quarter. Nomura Holdings Inc. now owns 42,890 shares of the utilities provider’s stock worth $2,016,000 after acquiring an additional 80,868 shares during the period. Los Angeles Capital Management LLC lifted its stake in shares of Dominion Energy by 14.1% in the 1st quarter. Los Angeles Capital Management LLC now owns 99,733 shares of the utilities provider’s stock valued at $4,906,000 after purchasing an additional 12,328 shares during the period. Mather Group LLC. bought a new stake in shares of Dominion Energy during the first quarter valued at approximately $186,000. Finally, Rise Advisors LLC bought a new position in Dominion Energy in the first quarter worth $30,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Price Performance

Shares of NYSE:D opened at $60.55 on Thursday. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $50.72 billion, a PE ratio of 31.21, a price-to-earnings-growth ratio of 1.52 and a beta of 0.60. The firm’s 50 day moving average price is $56.88 and its 200-day moving average price is $53.17. Dominion Energy, Inc. has a twelve month low of $39.18 and a twelve month high of $60.72.

Dominion Energy (NYSE:D) last announced its earnings results on Thursday, August 1st. The utilities provider reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.09. The business had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.73 billion. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The firm’s revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.53 earnings per share. Equities research analysts expect that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 30th were given 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 4.41%. Dominion Energy’s dividend payout ratio (DPR) is presently 137.63%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on D shares. Jefferies Financial Group began coverage on shares of Dominion Energy in a report on Friday, September 20th. They issued a “hold” rating and a $58.00 price objective for the company. Scotiabank boosted their price target on Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. JPMorgan Chase & Co. increased their price objective on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. BMO Capital Markets boosted their target price 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. Finally, Barclays raised their price target on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $55.40.

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.