Wealth Alliance Sells 2,886 Shares of Dominion Energy, Inc. (NYSE:D)

Wealth Alliance cut its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 12.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,003 shares of the utilities provider’s stock after selling 2,886 shares during the period. Wealth Alliance’s holdings in Dominion Energy were worth $980,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Pinnacle Wealth Management Advisory Group LLC boosted its position in Dominion Energy by 1.8% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 10,909 shares of the utilities provider’s stock valued at $535,000 after buying an additional 195 shares during the last quarter. Valley National Advisers Inc. boosted its position in Dominion Energy by 8.6% in the 2nd quarter. Valley National Advisers Inc. now owns 2,504 shares of the utilities provider’s stock valued at $122,000 after buying an additional 198 shares during the last quarter. Altman Advisors Inc. boosted its position in Dominion Energy by 0.7% in the 2nd quarter. Altman Advisors Inc. now owns 29,031 shares of the utilities provider’s stock valued at $1,423,000 after buying an additional 198 shares during the last quarter. Centennial Wealth Advisory LLC boosted its position in Dominion Energy by 2.8% in the 2nd quarter. Centennial Wealth Advisory LLC now owns 7,381 shares of the utilities provider’s stock valued at $362,000 after buying an additional 199 shares during the last quarter. Finally, Ridgewood Investments LLC boosted its position in shares of Dominion Energy by 0.9% in the 1st quarter. Ridgewood Investments LLC now owns 24,536 shares of the utilities provider’s stock worth $1,207,000 after purchasing an additional 210 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on D. JPMorgan Chase & Co. raised their price target on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Scotiabank raised their price target on Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Finally, BMO Capital Markets raised their price target on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research report on Monday, August 5th. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $54.11.

Dominion Energy Stock Performance

Shares of Dominion Energy stock opened at $57.41 on Thursday. The company has a market capitalization of $48.16 billion, a PE ratio of 29.59, a PEG ratio of 1.57 and a beta of 0.60. 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. The stock’s fifty day simple moving average is $54.99 and its 200 day simple moving average is $51.83.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 EPS for the quarter, topping the consensus estimate of $0.56 by $0.09. The business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.73 billion. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The firm’s revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.53 EPS. On average, research analysts predict that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, August 30th will be paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.65%. The ex-dividend date is Friday, August 30th. Dominion Energy’s payout ratio is 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.