Venturi Wealth Management LLC Decreases Holdings in Dominion Energy, Inc. (NYSE:D)

Venturi Wealth Management LLC decreased its stake in Dominion Energy, Inc. (NYSE:D) by 18.0% during the 3rd quarter, Holdings Channel reports. The firm owned 1,101 shares of the utilities provider’s stock after selling 241 shares during the quarter. Venturi Wealth Management LLC’s holdings in Dominion Energy were worth $64,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Sanctuary Wealth Management L.L.C. acquired a new stake in Dominion Energy during the 3rd quarter worth $28,000. Family Firm Inc. purchased a new stake in Dominion Energy during the 2nd quarter valued at about $27,000. LRI Investments LLC acquired a new stake in Dominion Energy in the 1st quarter valued at about $32,000. Reston Wealth Management LLC purchased a new position in Dominion Energy in the 3rd quarter worth approximately $36,000. Finally, Triad Wealth Partners LLC acquired a new position in shares of Dominion Energy during the 2nd quarter worth approximately $33,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Up 2.6 %

NYSE:D opened at $57.63 on Friday. Dominion Energy, Inc. has a 52 week low of $43.53 and a 52 week high of $61.97. The stock’s fifty day moving average is $58.02 and its two-hundred day moving average is $54.53. The stock has a market capitalization of $48.41 billion, a price-to-earnings ratio of 19.87, a price-to-earnings-growth ratio of 1.51 and a beta of 0.59. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D) last posted its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.05. The firm had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4.18 billion. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. Dominion Energy’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 EPS. Research analysts anticipate that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors 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 dividend yield of 4.63%. The ex-dividend date of this dividend is Friday, November 29th. Dominion Energy’s dividend payout ratio (DPR) is currently 93.68%.

Analysts Set New Price Targets

Several research firms recently commented on D. Jefferies Financial Group initiated coverage on Dominion Energy in a report on Friday, September 20th. They issued a “hold” rating and a $58.00 price target for the company. Scotiabank boosted their price target on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Barclays raised 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 boosted their target price on shares of Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Finally, JPMorgan Chase & Co. increased their price objective on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and an average target price of $55.91.

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.