Amalgamated Bank Lowers Stock Position in Dominion Energy, Inc. (NYSE:D)

Amalgamated Bank trimmed its position in Dominion Energy, Inc. (NYSE:D) by 2.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 164,806 shares of the utilities provider’s stock after selling 4,473 shares during the quarter. Amalgamated Bank’s holdings in Dominion Energy were worth $9,524,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in D. Caprock Group LLC raised its position in shares of Dominion Energy by 133.0% during the 2nd quarter. Caprock Group LLC now owns 9,679 shares of the utilities provider’s stock valued at $474,000 after purchasing an additional 5,525 shares during the period. SG Americas Securities LLC raised its holdings in Dominion Energy by 105.0% during the first quarter. SG Americas Securities LLC now owns 97,105 shares of the utilities provider’s stock valued at $4,777,000 after acquiring an additional 49,740 shares during the period. Pathway Financial Advisers LLC raised its holdings in Dominion Energy by 351.8% during the third quarter. Pathway Financial Advisers LLC now owns 48,176 shares of the utilities provider’s stock valued at $2,784,000 after acquiring an additional 37,514 shares during the period. Intech Investment Management LLC purchased a new position in shares of Dominion Energy in the first quarter valued at about $708,000. Finally, QRG Capital Management Inc. bought a new position in shares of Dominion Energy in the first quarter worth about $272,000. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Price Performance

Shares of D opened at $58.59 on Wednesday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.78. The company’s fifty day moving average price is $57.94 and its 200-day moving average price is $54.27. Dominion Energy, Inc. has a 1-year low of $43.53 and a 1-year high of $61.97. The firm has a market capitalization of $49.22 billion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 1.53 and a beta of 0.59.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, beating 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 business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4.18 billion. During the same period in the prior year, the firm earned $0.77 EPS. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, equities research analysts predict that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be given a $0.6675 dividend. The ex-dividend date is Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.56%. Dominion Energy’s dividend payout ratio (DPR) is currently 93.68%.

Analysts Set New Price Targets

D has been the topic of several recent analyst reports. Barclays lifted their target price on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. BMO Capital Markets boosted their target price 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. Scotiabank raised 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. JPMorgan Chase & Co. lifted their price target on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Finally, Jefferies Financial Group initiated coverage on Dominion Energy in a research report on Friday, September 20th. They set a “hold” rating and a $58.00 price objective for the company. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Dominion Energy presently has an average rating of “Hold” and an average price target of $55.40.

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.