Lindbrook Capital LLC trimmed its stake in shares of Dominion Energy, Inc. (NYSE:D – Free Report) by 8.3% in the third quarter, Holdings Channel.com reports. The fund owned 6,903 shares of the utilities provider’s stock after selling 628 shares during the quarter. Lindbrook Capital LLC’s holdings in Dominion Energy were worth $399,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. BLB&B Advisors LLC grew its holdings in Dominion Energy by 2.5% in the third quarter. BLB&B Advisors LLC now owns 7,223 shares of the utilities provider’s stock worth $417,000 after purchasing an additional 173 shares during the period. Pinnacle Wealth Management Advisory Group LLC boosted its holdings in Dominion Energy by 1.8% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 10,909 shares of the utilities provider’s stock worth $535,000 after acquiring an additional 195 shares in the last quarter. Valley National Advisers Inc. grew its stake in Dominion Energy by 8.6% in the second quarter. Valley National Advisers Inc. now owns 2,504 shares of the utilities provider’s stock valued at $122,000 after acquiring an additional 198 shares during the period. Altman Advisors Inc. raised its position in shares of Dominion Energy by 0.7% during the second quarter. Altman Advisors Inc. now owns 29,031 shares of the utilities provider’s stock worth $1,423,000 after purchasing an additional 198 shares during the period. Finally, Centennial Wealth Advisory LLC increased its position in shares of Dominion Energy by 2.8% during the second quarter. Centennial Wealth Advisory LLC now owns 7,381 shares of the utilities provider’s stock worth $362,000 after acquiring an additional 199 shares in the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.
Dominion Energy Price Performance
Shares of NYSE D opened at $57.79 on Friday. The company has a 50 day moving average of $58.01 and a 200 day moving average of $54.36. The company has a quick ratio of 0.78, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a twelve month low of $43.53 and a twelve month high of $61.97. The firm has a market cap of $48.54 billion, a P/E ratio of 20.28, a PEG ratio of 1.54 and a beta of 0.59.
Dominion Energy Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date of this dividend is Friday, November 29th. Dominion Energy’s dividend payout ratio is 93.68%.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the stock. Barclays upped their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. BMO Capital Markets upped their target price on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. Scotiabank increased their price objective on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Jefferies Financial Group initiated coverage on Dominion Energy in a research note on Friday, September 20th. They set a “hold” rating and a $58.00 price objective for the company. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $61.00 price target on shares of Dominion Energy in a report on Friday. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $55.91.
Check Out Our Latest Stock Analysis on Dominion Energy
About Dominion Energy
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.
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