Bard Financial Services Inc. Sells 8,450 Shares of Dominion Energy, Inc. (NYSE:D)

Bard Financial Services Inc. reduced its stake in Dominion Energy, Inc. (NYSE:D) by 65.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,550 shares of the utilities provider’s stock after selling 8,450 shares during the quarter. Bard Financial Services Inc.’s holdings in Dominion Energy were worth $263,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. KBC Group NV increased its stake in Dominion Energy by 5.4% in the 4th quarter. KBC Group NV now owns 55,277 shares of the utilities provider’s stock valued at $2,598,000 after buying an additional 2,833 shares during the last quarter. Rafferty Asset Management LLC boosted its holdings in Dominion Energy by 9.5% in the 4th quarter. Rafferty Asset Management LLC now owns 93,360 shares of the utilities provider’s stock valued at $4,388,000 after purchasing an additional 8,082 shares during the period. Public Employees Retirement Association of Colorado boosted its holdings in Dominion Energy by 263.7% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 125,867 shares of the utilities provider’s stock valued at $5,916,000 after purchasing an additional 91,261 shares during the period. Cibc World Markets Corp boosted its holdings in Dominion Energy by 134.2% in the 4th quarter. Cibc World Markets Corp now owns 108,188 shares of the utilities provider’s stock valued at $5,085,000 after purchasing an additional 62,003 shares during the period. Finally, Vinva Investment Management Ltd lifted its holdings in shares of Dominion Energy by 27.0% during the 4th quarter. Vinva Investment Management Ltd now owns 6,818 shares of the utilities provider’s stock worth $321,000 after acquiring an additional 1,451 shares during the period. 73.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on D shares. Scotiabank upped their price objective on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. JPMorgan Chase & Co. upped their price target on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. BMO Capital Markets increased their price objective on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research report on Monday, August 5th. Finally, Jefferies Financial Group initiated coverage on shares of Dominion Energy in a research report on Friday, September 20th. They set a “hold” rating and a $58.00 price objective for the company. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $54.50.

Dominion Energy Stock Performance

Shares of D traded up $0.15 during trading hours on Friday, hitting $58.23. The company’s stock had a trading volume of 2,459,670 shares, compared to its average volume of 4,421,705. The company has a market cap of $48.77 billion, a price-to-earnings ratio of 30.02, a PEG ratio of 1.55 and a beta of 0.60. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.78. The business has a 50 day simple moving average of $56.43 and a two-hundred day simple moving average of $52.68. Dominion Energy, Inc. has a 52-week low of $39.18 and a 52-week high of $58.94.

Dominion Energy (NYSE:D) last posted 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. The firm had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.73 billion. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The company’s revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the company earned $0.53 earnings per share. On average, equities analysts expect that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 30th were given a $0.6675 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.59%. 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.