Benjamin F. Edwards & Company Inc. Decreases Stock Position in Dominion Energy, Inc. (NYSE:D)

Benjamin F. Edwards & Company Inc. cut its position in shares of Dominion Energy, Inc. (NYSE:D) by 14.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,820 shares of the utilities provider’s stock after selling 2,999 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Dominion Energy were worth $873,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in D. Family Firm Inc. bought a new stake in shares of Dominion Energy during the second quarter worth $27,000. Rise Advisors LLC bought a new position in Dominion Energy in the 1st quarter worth about $30,000. LRI Investments LLC bought a new stake in shares of Dominion Energy during the first quarter valued at approximately $30,000. Triad Wealth Partners LLC bought a new stake in shares of Dominion Energy during the second quarter valued at approximately $33,000. Finally, Opal Wealth Advisors LLC bought a new position in Dominion Energy in the second quarter worth approximately $35,000. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Trading Down 0.1 %

Shares of NYSE:D opened at $57.86 on Tuesday. The business’s 50-day moving average is $55.36 and its 200 day moving average is $52.09. 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, Inc. has a 1 year low of $39.18 and a 1 year high of $58.94. The firm has a market capitalization of $48.46 billion, a P/E ratio of 29.82, a P/E/G ratio of 1.57 and a beta of 0.60.

Dominion Energy (NYSE:D) last released 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. 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 the consensus estimate of $3.73 billion. During the same quarter in the previous year, the firm earned $0.53 EPS. Dominion Energy’s revenue was up 10.1% compared to the same quarter last year. On average, research analysts predict that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 30th were paid a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.67 annualized dividend and a yield of 4.61%. Dominion Energy’s payout ratio is presently 137.63%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on D. Jefferies Financial Group assumed coverage on Dominion Energy in a report on Friday. They issued a “hold” rating and a $58.00 target price for the company. BMO Capital Markets increased their target price 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 lifted their price objective on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Dominion Energy has an average rating of “Hold” and an average target price of $54.50.

Dominion Energy 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.