Dominion Energy, Inc. (NYSE:D) Shares Sold by CacheTech Inc.

by · The Markets Daily

CacheTech Inc. lessened its position in Dominion Energy, Inc. (NYSE:D – Free Report) by 10.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,813 shares of the utilities provider’s stock after selling 1,125 shares during the period. CacheTech Inc.’s holdings in Dominion Energy were worth $567,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. BLB&B Advisors LLC boosted its stake in Dominion Energy by 2.5% in the 3rd quarter. BLB&B Advisors LLC now owns 7,223 shares of the utilities provider’s stock worth $417,000 after buying an additional 173 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its position in shares of Dominion Energy by 1.8% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 10,909 shares of the utilities provider’s stock worth $535,000 after acquiring an additional 195 shares during the last quarter. Valley National Advisers Inc. grew its holdings in Dominion Energy by 8.6% in the second quarter. Valley National Advisers Inc. now owns 2,504 shares of the utilities provider’s stock valued at $122,000 after purchasing an additional 198 shares during the period. Altman Advisors Inc. increased its position in Dominion Energy by 0.7% during the second quarter. Altman Advisors Inc. now owns 29,031 shares of the utilities provider’s stock worth $1,423,000 after purchasing an additional 198 shares during the last quarter. Finally, Centennial Wealth Advisory LLC raised its stake in Dominion Energy by 2.8% during the second quarter. Centennial Wealth Advisory LLC now owns 7,381 shares of the utilities provider’s stock worth $362,000 after purchasing an additional 199 shares during the period. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on D shares. Jefferies Financial Group initiated coverage on shares of Dominion Energy in a research note on Friday, September 20th. They set a “hold” rating and a $58.00 price objective for the company. Scotiabank boosted their price target on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Barclays raised their price objective on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. increased their target price on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Finally, BMO Capital Markets boosted 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 note on Monday, August 5th. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and an average price target of $55.40.

Read Our Latest Stock Analysis on Dominion Energy

Dominion Energy Trading Down 0.9 %

Dominion Energy stock opened at $58.99 on Friday. Dominion Energy, Inc. has a 52-week low of $40.44 and a 52-week high of $61.97. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $49.49 billion, a price-to-earnings ratio of 31.05, a PEG ratio of 1.58 and a beta of 0.59. The firm has a 50-day moving average price of $57.87 and a two-hundred day moving average price of $54.05.

Dominion Energy (NYSE:D – Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.09. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.73 billion. During the same period in the previous year, the firm posted $0.53 earnings per share. The business’s revenue was up 10.1% on a year-over-year basis. Sell-side analysts expect that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be paid a $0.6675 dividend. The ex-dividend date is Friday, November 29th. This represents a $2.67 annualized dividend and a dividend yield of 4.53%. Dominion Energy’s payout ratio is 140.53%.

About Dominion Energy

(Free Report)

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.

See Also