AE Wealth Management LLC Has $14.14 Million Holdings in Dominion Energy, Inc. (NYSE:D)

AE Wealth Management LLC cut its position in shares of Dominion Energy, Inc. (NYSE:D) 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 (NYSE:D) last released its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.09. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.73 billion. During the same period last year, the firm earned $0.53 earnings per share. The firm’s revenue was up 10.1% on a year-over-year basis. On average, equities research analysts forecast that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

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.

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.