Thompson Siegel & Walmsley LLC Sells 254,628 Shares of Dominion Energy, Inc. (NYSE:D)

Thompson Siegel & Walmsley LLC decreased its position in Dominion Energy, Inc. (NYSE:D) by 9.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,389,780 shares of the utilities provider’s stock after selling 254,628 shares during the quarter. Dominion Energy accounts for about 2.1% of Thompson Siegel & Walmsley LLC’s investment portfolio, making the stock its 2nd largest holding. Thompson Siegel & Walmsley LLC’s holdings in Dominion Energy were worth $138,105,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in D. Covestor Ltd grew its stake in Dominion Energy by 161.5% during the 1st quarter. Covestor Ltd now owns 1,650 shares of the utilities provider’s stock valued at $81,000 after purchasing an additional 1,019 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in Dominion Energy by 79.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 56,319 shares of the utilities provider’s stock valued at $2,770,000 after acquiring an additional 24,862 shares in the last quarter. Bessemer Group Inc. boosted its stake in Dominion Energy by 3.2% during the 1st quarter. Bessemer Group Inc. now owns 12,112 shares of the utilities provider’s stock valued at $596,000 after acquiring an additional 375 shares during the last quarter. Lake Street Advisors Group LLC acquired a new position in Dominion Energy during the 1st quarter worth $278,000. Finally, CANADA LIFE ASSURANCE Co increased its position in shares of Dominion Energy by 0.3% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 350,154 shares of the utilities provider’s stock worth $17,232,000 after purchasing an additional 1,042 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Barclays boosted their price objective on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. BMO Capital Markets lifted their price objective 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 increased their target price 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. Jefferies Financial Group started coverage on shares of Dominion Energy in a research report on Friday, September 20th. They issued a “hold” rating and a $58.00 price target on the stock. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a research note on Friday, November 8th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Dominion Energy has a consensus rating of “Hold” and a consensus target price of $55.91.

Dominion Energy Stock Up 0.4 %

D opened at $57.80 on Thursday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. Dominion Energy, Inc. has a 12 month low of $43.53 and a 12 month high of $61.97. The stock’s 50 day moving average price is $58.05 and its 200 day moving average price is $54.73. The stock has a market cap of $48.55 billion, a P/E ratio of 20.28, a P/E/G ratio of 1.53 and a beta of 0.59.

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

Dominion Energy Dividend Announcement

The company 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 dividend of $0.6675 per share. The ex-dividend date is Friday, November 29th. This represents a $2.67 annualized dividend and a yield of 4.62%. Dominion Energy’s 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.