Dominion Energy, Inc. (NYSE:D) Shares Sold by Catalyst Financial Partners LLC

Catalyst Financial Partners LLC lessened its position in shares of Dominion Energy, Inc. (NYSE:D) by 2.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,982 shares of the utilities provider’s stock after selling 198 shares during the quarter. Catalyst Financial Partners LLC’s holdings in Dominion Energy were worth $403,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in D. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Dominion Energy by 0.7% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,065,766 shares of the utilities provider’s stock worth $101,615,000 after buying an additional 14,456 shares during the last quarter. State of Alaska Department of Revenue raised its stake in Dominion Energy by 0.5% in the 1st quarter. State of Alaska Department of Revenue now owns 90,781 shares of the utilities provider’s stock valued at $4,465,000 after purchasing an additional 435 shares during the last quarter. Norden Group LLC acquired a new position in Dominion Energy in the 1st quarter valued at about $1,463,000. First Trust Direct Indexing L.P. raised its stake in Dominion Energy by 30.1% in the 1st quarter. First Trust Direct Indexing L.P. now owns 25,131 shares of the utilities provider’s stock valued at $1,236,000 after purchasing an additional 5,812 shares during the last quarter. Finally, J.W. Cole Advisors Inc. raised its stake in Dominion Energy by 7.5% in the 1st quarter. J.W. Cole Advisors Inc. now owns 14,435 shares of the utilities provider’s stock valued at $710,000 after purchasing an additional 1,003 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on D shares. Barclays boosted their target price on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. JPMorgan Chase & Co. lifted their price target on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Scotiabank lifted their price target on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Jefferies Financial Group began coverage on Dominion Energy in a report on Friday, September 20th. They issued a “hold” rating and a $58.00 price target for the company. Finally, BMO Capital Markets lifted their price target on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $55.40.

Dominion Energy Stock Up 1.8 %

Shares of NYSE:D opened at $59.53 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.78 and a current ratio of 0.93. Dominion Energy, Inc. has a 1 year low of $39.44 and a 1 year high of $61.26. The stock has a market capitalization of $49.94 billion, a P/E ratio of 31.33, a PEG ratio of 1.56 and a beta of 0.60. The stock has a 50-day simple moving average of $57.82 and a 200-day simple moving average of $53.98.

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 analysts’ consensus estimates of $0.56 by $0.09. The firm had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.73 billion. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. Dominion Energy’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.53 EPS. Equities analysts forecast 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. Investors of record on Friday, November 29th will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.49%. Dominion Energy’s dividend payout ratio is presently 140.53%.

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.