Dominion Energy, Inc. (NYSE:D) Shares Sold by Boltwood Capital Management

Boltwood Capital Management cut its stake in shares of Dominion Energy, Inc. (NYSE:D) by 19.7% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 4,260 shares of the utilities provider’s stock after selling 1,044 shares during the period. Boltwood Capital Management’s holdings in Dominion Energy were worth $246,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Abacus Planning Group Inc. increased its holdings in Dominion Energy by 4.7% during the 3rd quarter. Abacus Planning Group Inc. now owns 6,709 shares of the utilities provider’s stock worth $388,000 after purchasing an additional 302 shares during the last quarter. Newbridge Financial Services Group Inc. increased its holdings in shares of Dominion Energy by 380.0% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 2,232 shares of the utilities provider’s stock valued at $109,000 after acquiring an additional 1,767 shares during the last quarter. Heritage Wealth Management Inc. acquired a new position in Dominion Energy during the 2nd quarter valued at approximately $206,000. Sanctuary Advisors LLC acquired a new position in Dominion Energy during the 2nd quarter valued at approximately $7,594,000. Finally, Gordian Capital Singapore Pte Ltd acquired a new position in Dominion Energy during the 2nd quarter valued at approximately $250,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on D. Scotiabank boosted 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. JPMorgan Chase & Co. upped their price objective on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a report on Monday, August 12th. BMO Capital Markets upped their price objective on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Finally, Jefferies Financial Group began coverage on Dominion Energy in a report on Friday, September 20th. They issued a “hold” rating and a $58.00 price objective for the company. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Dominion Energy currently has a consensus rating of “Hold” and a consensus target price of $54.50.

Dominion Energy Stock Up 0.2 %

NYSE:D opened at $58.36 on Thursday. The firm has a market capitalization of $48.88 billion, a price-to-earnings ratio of 30.08, a PEG ratio of 1.53 and a beta of 0.60. Dominion Energy, Inc. has a 1-year low of $39.18 and a 1-year high of $58.94. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 1.42. The business’s fifty day moving average price is $56.20 and its 200 day moving average price is $52.55.

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

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 30th were paid a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.67 annualized dividend and a dividend yield of 4.58%. Dominion Energy’s dividend payout ratio (DPR) is presently 137.63%.

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.