Richardson Financial Services Inc. Sells 546 Shares of Dominion Energy, Inc. (NYSE:D)

Richardson Financial Services Inc. lowered its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 14.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 3,120 shares of the utilities provider’s stock after selling 546 shares during the period. Richardson Financial Services Inc.’s holdings in Dominion Energy were worth $153,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Family Firm Inc. acquired a new stake in Dominion Energy during the 2nd quarter valued at approximately $27,000. Rise Advisors LLC acquired a new stake in shares of Dominion Energy during the first quarter worth $30,000. LRI Investments LLC bought a new position in Dominion Energy during the first quarter worth $30,000. Triad Wealth Partners LLC acquired a new position in Dominion Energy in the second quarter valued at $33,000. Finally, Opal Wealth Advisors LLC bought a new stake in Dominion Energy during the second quarter valued at $35,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Trading Up 0.2 %

Shares of Dominion Energy stock opened at $57.50 on Friday. The company has a market capitalization of $48.24 billion, a P/E ratio of 29.64, a price-to-earnings-growth ratio of 1.57 and a beta of 0.60. The stock has a fifty day simple moving average of $55.11 and a 200 day simple moving average of $51.87. Dominion Energy, Inc. has a 12-month low of $39.18 and a 12-month 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.

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

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, August 30th will be issued a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.67 dividend on an annualized basis and a yield of 4.64%. Dominion Energy’s dividend payout ratio (DPR) is currently 137.63%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in 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 note on Tuesday, August 20th. BMO Capital Markets boosted their target price on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. increased their price target on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $54.11.

Dominion Energy Company Profile

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.