Dominion Energy, Inc. (NYSE:D) Holdings Decreased by Cassaday & Co Wealth Management LLC

Cassaday & Co Wealth Management LLC cut its position in shares of Dominion Energy, Inc. (NYSE:D) by 5.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,250 shares of the utilities provider’s stock after selling 1,710 shares during the quarter. Cassaday & Co Wealth Management LLC’s holdings in Dominion Energy were worth $1,633,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Family Firm Inc. bought a new position in shares of Dominion Energy during the second quarter valued at approximately $27,000. Sanctuary Wealth Management L.L.C. bought a new position in Dominion Energy during the 3rd quarter worth $28,000. LRI Investments LLC acquired a new stake in Dominion Energy in the first quarter worth $30,000. Frazier Financial Advisors LLC bought a new stake in Dominion Energy in the third quarter valued at $32,000. Finally, Triad Wealth Partners LLC acquired a new position in shares of Dominion Energy during the second quarter valued at $33,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Up 2.6 %

D opened at $57.63 on Monday. 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 capitalization of $48.41 billion, a PE ratio of 20.22, a P/E/G ratio of 1.53 and a beta of 0.59. The stock’s fifty day moving average is $58.03 and its 200-day moving average is $54.62. Dominion Energy, Inc. has a one year low of $43.53 and a one year high of $61.97.

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

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date is Friday, November 29th. Dominion Energy’s payout ratio is 93.68%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on D shares. BMO Capital Markets increased their price objective on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. Jefferies Financial Group initiated coverage on Dominion Energy in a report on Friday, September 20th. They set a “hold” rating and a $58.00 price target on the stock. Barclays boosted their price objective on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. JPMorgan Chase & Co. raised their target price on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a research report on Friday, November 8th. Ten equities 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, the stock presently has an average rating of “Hold” and an average price target of $55.91.

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.