AdvisorNet Financial Inc Sells 266 Shares of Dominion Energy, Inc. (NYSE:D)

AdvisorNet Financial Inc reduced its stake in shares of Dominion Energy, Inc. (NYSE:D) by 6.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,726 shares of the utilities provider’s stock after selling 266 shares during the period. AdvisorNet Financial Inc’s holdings in Dominion Energy were worth $183,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. SG Americas Securities LLC lifted its stake in Dominion Energy by 105.0% in the first quarter. SG Americas Securities LLC now owns 97,105 shares of the utilities provider’s stock valued at $4,777,000 after acquiring an additional 49,740 shares during the last quarter. Wedmont Private Capital lifted its holdings in shares of Dominion Energy by 14.1% during the first quarter. Wedmont Private Capital now owns 4,822 shares of the utilities provider’s stock worth $239,000 after buying an additional 596 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Dominion Energy by 4.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,885,024 shares of the utilities provider’s stock valued at $229,596,000 after acquiring an additional 187,726 shares in the last quarter. Vinva Investment Management Ltd increased its position in Dominion Energy by 27.0% during the fourth quarter. Vinva Investment Management Ltd now owns 6,818 shares of the utilities provider’s stock worth $321,000 after acquiring an additional 1,451 shares during the period. Finally, Intech Investment Management LLC acquired a new position in shares of Dominion Energy during the 1st quarter worth approximately $708,000. Institutional investors own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

D has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their price objective on shares of Dominion Energy from $51.00 to $55.00 and gave the company an “equal weight” rating in a research note on Friday, May 3rd. JPMorgan Chase & Co. raised their price target on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday. Bank of America raised shares of Dominion Energy from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $43.00 to $54.00 in a research note on Friday, May 10th. Mizuho increased their price target on Dominion Energy from $45.00 to $52.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Finally, BMO Capital Markets boosted their price objective on 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 analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $52.73.

Dominion Energy Trading Down 0.4 %

Shares of Dominion Energy stock traded down $0.22 on Thursday, hitting $55.29. The stock had a trading volume of 2,384,094 shares, compared to its average volume of 4,605,471. The stock’s 50-day simple moving average is $51.49 and its two-hundred day simple moving average is $49.90. The stock has a market cap of $46.38 billion, a price-to-earnings ratio of 28.61, a PEG ratio of 1.46 and a beta of 0.58. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a one year low of $39.18 and a one year high of $57.60.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.09. The business had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.73 billion. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The business’s revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.53 EPS. As a group, sell-side analysts predict that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.6675 per share. The ex-dividend date is Friday, August 30th. This represents a $2.67 dividend on an annualized basis and a yield of 4.83%. Dominion Energy’s dividend payout ratio is currently 137.63%.

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.