AE Wealth Management LLC cut its position in shares of Dominion Energy, Inc. (NYSE:D – Free Report) by 0.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 288,498 shares of the utilities provider’s stock after selling 1,081 shares during the quarter. AE Wealth Management LLC’s holdings in Dominion Energy were worth $14,136,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Family Firm Inc. acquired a new stake in shares of Dominion Energy during the second quarter worth $27,000. Rise Advisors LLC acquired a new stake in Dominion Energy in the first quarter worth $30,000. LRI Investments LLC acquired a new stake in Dominion Energy in the first quarter worth $30,000. Triad Wealth Partners LLC acquired a new stake in Dominion Energy in the second quarter worth $33,000. Finally, Opal Wealth Advisors LLC acquired a new stake in Dominion Energy in the second quarter worth $35,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.
Dominion Energy Stock Up 0.8 %
Shares of NYSE D opened at $57.93 on Friday. The stock has a market capitalization of $48.60 billion, a P/E ratio of 29.86, a P/E/G ratio of 1.57 and a beta of 0.60. The company has a 50-day moving average price of $55.23 and a 200-day moving average price of $51.95. Dominion Energy, Inc. has a 1 year low of $39.18 and a 1 year high of $58.94. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.78.
Dominion Energy Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 30th were given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.61%. The ex-dividend date of this dividend was Friday, August 30th. Dominion Energy’s payout ratio is currently 137.63%.
Analysts Set New Price Targets
A number of equities research analysts have commented on the stock. BMO Capital Markets raised their price target on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. Scotiabank raised their price target on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. JPMorgan Chase & Co. raised their price target on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Finally, Jefferies Financial Group started coverage on shares of Dominion Energy in a report on Friday. They set a “hold” rating and a $58.00 price objective for the company. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Dominion Energy currently has an average rating of “Hold” and a consensus price target of $54.50.
Get Our Latest Stock Analysis on D
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.
Featured Stories
- Five stocks we like better than Dominion Energy
- How to Effectively Use the MarketBeat Ratings Screener
- Analysts Predict 85% Upside for Wave Life Sciences After Rate Cut
- Industrial Products Stocks Investing
- FedEx Stock Dips: Another Reason to Fear Recession Is Near
- How to Invest in Tech StocksĀ and Top Tech Stocks to Consider
- The Half-Penny Revolution: Will SEC’s Reform Benefit Investors?
Want to see what other hedge funds are holding D? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dominion Energy, Inc. (NYSE:D – Free Report).
Receive News & Ratings for Dominion Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dominion Energy and related companies with MarketBeat.com's FREE daily email newsletter.