Cassaday & Co Wealth Management LLC Has $1.63 Million Stock Position in Dominion Energy, Inc. (NYSE:D)

Cassaday & Co Wealth Management LLC lowered its stake in Dominion Energy, Inc. (NYSE:D) by 5.7% during the third quarter, HoldingsChannel reports. The firm owned 28,250 shares of the utilities provider’s stock after selling 1,710 shares during the period. Cassaday & Co Wealth Management LLC’s holdings in Dominion Energy were worth $1,633,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of D. Quest Partners LLC raised its stake in Dominion Energy by 771,000.0% during the 3rd quarter. Quest Partners LLC now owns 7,711 shares of the utilities provider’s stock valued at $446,000 after purchasing an additional 7,710 shares during the period. AMG National Trust Bank grew its holdings in shares of Dominion Energy by 1.9% during the third quarter. AMG National Trust Bank now owns 57,879 shares of the utilities provider’s stock valued at $3,345,000 after buying an additional 1,052 shares in the last quarter. Swiss National Bank grew its holdings in shares of Dominion Energy by 0.3% during the third quarter. Swiss National Bank now owns 2,488,020 shares of the utilities provider’s stock valued at $143,783,000 after buying an additional 8,600 shares in the last quarter. Concord Asset Management LLC VA acquired a new position in Dominion Energy during the third quarter valued at $238,000. Finally, Atlanta Consulting Group Advisors LLC purchased a new stake in Dominion Energy in the 3rd quarter worth about $681,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their target price on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Barclays upped their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Jefferies Financial Group assumed coverage on shares of Dominion Energy in a research note on Friday, September 20th. They set a “hold” rating and a $58.00 target price for the company. Scotiabank upped their price target on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a report on Friday, November 8th. Ten 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.com, Dominion Energy currently has a consensus rating of “Hold” and a consensus price target of $55.91.

Dominion Energy Trading Up 2.6 %

Dominion Energy stock opened at $57.63 on Monday. Dominion Energy, Inc. has a one year low of $43.53 and a one year high of $61.97. The company’s fifty day moving average price is $58.03 and its two-hundred day moving average price is $54.62. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The company has a market capitalization of $48.41 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 1.53 and a beta of 0.59.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same quarter in the prior year, the firm posted $0.77 EPS. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, analysts forecast that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date is Friday, November 29th. Dominion Energy’s dividend payout ratio is 93.68%.

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.