Compass Ion Advisors LLC Sells 834 Shares of Dominion Energy, Inc. (NYSE:D)

Compass Ion Advisors LLC cut its position in shares of Dominion Energy, Inc. (NYSE:D) by 13.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,526 shares of the utilities provider’s stock after selling 834 shares during the period. Compass Ion Advisors LLC’s holdings in Dominion Energy were worth $272,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of D. Criterion Capital Advisors LLC bought a new stake in shares of Dominion Energy during the fourth quarter valued at approximately $29,000. Moisand Fitzgerald Tamayo LLC bought a new stake in Dominion Energy in the fourth quarter valued at $30,000. Rise Advisors LLC bought a new stake in Dominion Energy in the first quarter valued at $30,000. Venturi Wealth Management LLC grew its position in Dominion Energy by 84.5% in the fourth quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 310 shares during the period. Finally, Janiczek Wealth Management LLC grew its position in Dominion Energy by 20,100.0% in the fourth quarter. Janiczek Wealth Management LLC now owns 808 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 804 shares during the period. 73.04% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

D has been the topic of a number of analyst reports. BMO Capital Markets upped their price target on Dominion Energy from $51.00 to $52.00 and gave the company a “market perform” rating in a research report on Monday, May 6th. Evercore ISI upped their price target on Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a research report on Friday, May 3rd. StockNews.com raised Dominion Energy from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. Bank of America raised Dominion Energy from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $43.00 to $54.00 in a research note on Friday, May 10th. Finally, Barclays reduced their price objective on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a research note on Monday, April 15th. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $51.73.

Dominion Energy Trading Down 2.0 %

NYSE D opened at $48.00 on Tuesday. The stock has a 50-day simple moving average of $51.64 and a 200 day simple moving average of $48.73. The company has a market capitalization of $40.20 billion, a PE ratio of 24.74, a P/E/G ratio of 1.31 and a beta of 0.59. The company has a current ratio of 1.05, a quick ratio of 0.94 and a debt-to-equity ratio of 1.37. Dominion Energy, Inc. has a 12 month low of $39.18 and a 12 month high of $54.74.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. Dominion Energy had a return on equity of 7.50% and a net margin of 11.57%. The business had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $4.34 billion. During the same quarter in the prior year, the company posted $0.99 earnings per share. The firm’s revenue was down 6.5% on a year-over-year basis. Research analysts forecast that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Friday, May 31st were issued a $0.6675 dividend. The ex-dividend date was Friday, May 31st. This represents a $2.67 annualized dividend and a dividend yield of 5.56%. Dominion Energy’s dividend payout ratio (DPR) is currently 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.