Grove Bank & Trust cut its position in Dominion Energy Inc (NYSE:D) by 5.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,203 shares of the utilities provider’s stock after selling 1,025 shares during the quarter. Grove Bank & Trust’s holdings in Dominion Energy were worth $1,139,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Kaizen Advisory LLC raised its stake in Dominion Energy by 136.6% during the 2nd quarter. Kaizen Advisory LLC now owns 1,474 shares of the utilities provider’s stock valued at $100,000 after acquiring an additional 851 shares during the last quarter. Psagot Investment House Ltd. purchased a new position in shares of Dominion Energy during the 3rd quarter worth approximately $126,000. First Hawaiian Bank purchased a new position in shares of Dominion Energy during the 3rd quarter worth approximately $132,000. Wagner Wealth Management LLC raised its stake in shares of Dominion Energy by 859.5% during the 3rd quarter. Wagner Wealth Management LLC now owns 1,919 shares of the utilities provider’s stock worth $135,000 after buying an additional 1,719 shares in the last quarter. Finally, Bridgeworth LLC purchased a new position in shares of Dominion Energy during the 2nd quarter worth approximately $166,000. 67.45% of the stock is owned by hedge funds and other institutional investors.

D stock opened at $72.25 on Monday. Dominion Energy Inc has a 52-week low of $61.53 and a 52-week high of $85.30. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.36 and a current ratio of 0.62. The firm has a market cap of $47.33 billion, a PE ratio of 20.07, a price-to-earnings-growth ratio of 2.93 and a beta of 0.18.

Dominion Energy (NYSE:D) last issued its earnings results on Thursday, November 1st. The utilities provider reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.02. The business had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.41 billion. Dominion Energy had a return on equity of 13.24% and a net margin of 24.63%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the company posted $1.04 EPS. As a group, equities research analysts predict that Dominion Energy Inc will post 4.08 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Friday, December 7th will be given a $0.835 dividend. This represents a $3.34 annualized dividend and a dividend yield of 4.62%. The ex-dividend date of this dividend is Thursday, December 6th. Dominion Energy’s dividend payout ratio (DPR) is currently 92.78%.

A number of equities analysts have recently issued reports on the company. Barclays assumed coverage on Dominion Energy in a research note on Monday, October 22nd. They set a “buy” rating and a $78.00 target price for the company. Zacks Investment Research raised Dominion Energy from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a research note on Monday, October 22nd. JPMorgan Chase & Co. upgraded Dominion Energy from a “neutral” rating to an “overweight” rating and set a $78.00 price target on the stock in a report on Tuesday, October 9th. Argus upped their price target on Dominion Energy from $74.00 to $79.00 and gave the stock a “buy” rating in a report on Wednesday, September 19th. They noted that the move was a valuation call. Finally, Wells Fargo & Co restated a “hold” rating and issued a $76.00 price target (up previously from $73.00) on shares of Dominion Energy in a report on Monday, September 17th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $84.50.

In other news, Director John W. Harris bought 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 28th. The shares were acquired at an average cost of $71.15 per share, with a total value of $711,500.00. Following the transaction, the director now owns 17,495 shares of the company’s stock, valued at approximately $1,244,769.25. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.37% of the company’s stock.

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Dominion Energy Profile

Dominion Energy, Inc produces and transports energy in the United States. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities through gas, coal, nuclear, oil, renewables, biomass, hydro, solar, and power purchase agreements; and related energy supply operations.

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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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