Colonial River Investments LLC Has $2.41 Million Holdings in Dominion Energy, Inc. (NYSE:D)

Colonial River Investments LLC decreased its position in shares of Dominion Energy, Inc. (NYSE:D) by 23.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 41,774 shares of the utilities provider’s stock after selling 13,031 shares during the period. Dominion Energy comprises approximately 1.2% of Colonial River Investments LLC’s portfolio, making the stock its 17th largest holding. Colonial River Investments LLC’s holdings in Dominion Energy were worth $2,414,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Envestnet Portfolio Solutions Inc. boosted its position in Dominion Energy by 0.3% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 107,254 shares of the utilities provider’s stock worth $5,276,000 after buying an additional 280 shares during the period. Empowered Funds LLC lifted its holdings in shares of Dominion Energy by 27.0% during the first quarter. Empowered Funds LLC now owns 11,313 shares of the utilities provider’s stock worth $556,000 after purchasing an additional 2,406 shares during the period. SG Americas Securities LLC grew its stake in shares of Dominion Energy by 105.0% in the first quarter. SG Americas Securities LLC now owns 97,105 shares of the utilities provider’s stock worth $4,777,000 after purchasing an additional 49,740 shares during the last quarter. Illinois Municipal Retirement Fund increased its holdings in Dominion Energy by 316.4% in the first quarter. Illinois Municipal Retirement Fund now owns 118,471 shares of the utilities provider’s stock valued at $5,828,000 after purchasing an additional 90,020 shares during the period. Finally, Forsta AP Fonden raised its position in Dominion Energy by 20.9% during the 1st quarter. Forsta AP Fonden now owns 207,900 shares of the utilities provider’s stock worth $10,227,000 after purchasing an additional 35,900 shares during the last quarter. Institutional investors own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

D has been the topic of a number of analyst reports. Jefferies Financial Group started coverage on Dominion Energy in a research report on Friday, September 20th. They issued a “hold” rating and a $58.00 price target on the stock. The Goldman Sachs Group reiterated a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a report on Friday. Barclays increased their target price on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Scotiabank boosted 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 report on Tuesday, August 20th. Finally, BMO Capital Markets increased 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 report on Monday, August 5th. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $55.91.

Dominion Energy Stock Up 2.0 %

Shares of NYSE:D opened at $57.79 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.78 and a current ratio of 0.74. Dominion Energy, Inc. has a 52-week low of $43.53 and a 52-week high of $61.97. The business’s 50 day simple moving average is $58.01 and its two-hundred day simple moving average is $54.36. The firm has a market cap of $48.54 billion, a P/E ratio of 20.28, a PEG ratio of 1.54 and a beta of 0.59.

Dominion Energy (NYSE:D) last issued its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. The company had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $4.18 billion. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. Dominion Energy’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period last year, the business earned $0.77 EPS. As a group, research analysts forecast that Dominion Energy, Inc. will post 2.76 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be issued a $0.6675 dividend. The ex-dividend date is Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.62%. Dominion Energy’s dividend payout ratio is presently 93.68%.

Dominion Energy Company 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.