Schmidt P J Investment Management Inc. Decreases Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Schmidt P J Investment Management Inc. decreased its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 46.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,564 shares of the utilities provider’s stock after selling 4,000 shares during the quarter. Schmidt P J Investment Management Inc.’s holdings in Dominion Energy were worth $264,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of D. Gateway Investment Advisers LLC raised its stake in Dominion Energy by 27.4% during the first quarter. Gateway Investment Advisers LLC now owns 5,442 shares of the utilities provider’s stock valued at $268,000 after purchasing an additional 1,169 shares in the last quarter. Kingswood Wealth Advisors LLC raised its stake in shares of Dominion Energy by 48.7% in the first quarter. Kingswood Wealth Advisors LLC now owns 10,342 shares of the utilities provider’s stock valued at $509,000 after acquiring an additional 3,387 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of Dominion Energy by 7.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 109,649 shares of the utilities provider’s stock valued at $5,394,000 after acquiring an additional 7,670 shares during the period. Register Financial Advisors LLC purchased a new stake in shares of Dominion Energy in the first quarter valued at $218,000. Finally, S.E.E.D. Planning Group LLC raised its stake in shares of Dominion Energy by 1.1% in the first quarter. S.E.E.D. Planning Group LLC now owns 175,034 shares of the utilities provider’s stock valued at $8,610,000 after acquiring an additional 1,959 shares during the period. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Dominion Energy Stock Down 0.2 %

Shares of Dominion Energy stock opened at $60.78 on Friday. 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, Inc. has a 1 year low of $39.44 and a 1 year high of $61.26. The firm’s 50-day moving average is $57.41 and its two-hundred day moving average is $53.57. The stock has a market cap of $50.91 billion, a price-to-earnings ratio of 31.33, a PEG ratio of 1.60 and a beta of 0.60.

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

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 30th were issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date of this dividend was Friday, August 30th. Dominion Energy’s dividend payout ratio is currently 137.63%.

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.