SOA Wealth Advisors LLC. Reduces Stock Position in Dominion Energy, Inc. (NYSE:D)

SOA Wealth Advisors LLC. decreased its position in Dominion Energy, Inc. (NYSE:D) by 36.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,089 shares of the utilities provider’s stock after selling 619 shares during the quarter. SOA Wealth Advisors LLC.’s holdings in Dominion Energy were worth $63,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Passumpsic Savings Bank raised its holdings in shares of Dominion Energy by 2.7% during the third quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider’s stock valued at $441,000 after acquiring an additional 199 shares in the last quarter. M&T Bank Corp increased its position in Dominion Energy by 1.5% during the 3rd quarter. M&T Bank Corp now owns 152,056 shares of the utilities provider’s stock valued at $8,787,000 after purchasing an additional 2,268 shares during the period. Toronto Dominion Bank raised its holdings in Dominion Energy by 41.7% in the 3rd quarter. Toronto Dominion Bank now owns 370,895 shares of the utilities provider’s stock worth $21,434,000 after purchasing an additional 109,098 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in shares of Dominion Energy in the 3rd quarter worth about $1,144,000. Finally, Coldstream Capital Management Inc. boosted its stake in shares of Dominion Energy by 12.0% during the 3rd quarter. Coldstream Capital Management Inc. now owns 21,439 shares of the utilities provider’s stock valued at $1,237,000 after purchasing an additional 2,299 shares in the last quarter. 73.04% of the stock is owned by institutional investors.

Dominion Energy Price Performance

NYSE:D opened at $53.83 on Friday. Dominion Energy, Inc. has a 1 year low of $43.53 and a 1 year high of $61.97. The firm has a market capitalization of $45.22 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 1.45 and a beta of 0.59. 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 business has a 50 day simple moving average of $57.94 and a 200-day simple moving average of $55.20.

Dominion Energy (NYSE:D) last posted its quarterly 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 business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4.18 billion. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The business’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.77 EPS. Equities analysts forecast that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.96%. The ex-dividend date of this dividend is Friday, November 29th. Dominion Energy’s dividend payout ratio (DPR) is presently 93.68%.

Analysts Set New Price Targets

Several brokerages have commented on D. The Goldman Sachs Group restated a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a report on Friday, November 8th. Jefferies Financial Group initiated coverage on Dominion Energy in a research report on Friday, September 20th. They set a “hold” rating and a $58.00 price target on the stock. Scotiabank raised their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research note on Thursday. Morgan Stanley began coverage on Dominion Energy in a research report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price target on the stock. Finally, Barclays raised their price objective on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Eleven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $56.58.

About Dominion Energy

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.