Edgemoor Investment Advisors Inc. lowered its stake in shares of Dominion Energy, Inc. (NYSE:D – Get Rating) by 0.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 127,348 shares of the utilities provider's stock after selling 394 shares during the quarter. Dominion Energy comprises approximately 1.2% of Edgemoor Investment Advisors Inc.'s investment portfolio, making the stock its 26th largest position. Edgemoor Investment Advisors Inc.'s holdings in Dominion Energy were worth $8,801,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Sei Investments Co. lifted its holdings in Dominion Energy by 7.7% during the first quarter. Sei Investments Co. now owns 168,723 shares of the utilities provider's stock worth $14,325,000 after acquiring an additional 12,002 shares in the last quarter. Prudential PLC acquired a new position in shares of Dominion Energy in the 1st quarter valued at approximately $1,528,000. Sequoia Financial Advisors LLC increased its stake in Dominion Energy by 30.0% during the 1st quarter. Sequoia Financial Advisors LLC now owns 7,195 shares of the utilities provider's stock worth $611,000 after purchasing an additional 1,661 shares in the last quarter. Covestor Ltd raised its holdings in Dominion Energy by 49.8% during the 1st quarter. Covestor Ltd now owns 394 shares of the utilities provider's stock worth $34,000 after buying an additional 131 shares during the period. Finally, Merit Financial Group LLC bought a new position in Dominion Energy in the first quarter valued at approximately $419,000. 70.30% of the stock is currently owned by institutional investors and hedge funds.
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Dominion Energy stock opened at $60.25 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.71 and a quick ratio of 0.57. The company's 50-day moving average is $61.14 and its 200-day moving average is $69.53. The firm has a market capitalization of $50.21 billion, a PE ratio of 21.60, a P/E/G ratio of 2.62 and a beta of 0.43. Dominion Energy, Inc. has a fifty-two week low of $57.18 and a fifty-two week high of $88.78.
Dominion Energy (NYSE:D – Get Rating) last announced its quarterly earnings results on Friday, November 4th. The utilities provider reported $1.11 earnings per share for the quarter, topping analysts' consensus estimates of $1.08 by $0.03. Dominion Energy had a return on equity of 12.84% and a net margin of 14.73%. The firm had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $3.98 billion. During the same quarter in the previous year, the business earned $1.11 earnings per share. The business's revenue was up 38.1% compared to the same quarter last year. Sell-side analysts anticipate that Dominion Energy, Inc. will post 4.1 earnings per share for the current year.Analyst Upgrades and Downgrades
A number of brokerages recently commented on D. UBS Group dropped their price objective on shares of Dominion Energy from $73.00 to $63.00 and set a "neutral" rating on the stock in a report on Tuesday, December 6th. StockNews.com started coverage on Dominion Energy in a research report on Wednesday, October 12th. They set a "hold" rating for the company. Maxim Group initiated coverage on Dominion Energy in a research report on Friday, November 4th. They issued a "hold" rating on the stock. JPMorgan Chase & Co. reduced their price target on Dominion Energy from $76.00 to $66.00 and set a "neutral" rating for the company in a research report on Wednesday, January 11th. Finally, Credit Suisse Group lowered their price objective on shares of Dominion Energy from $69.00 to $67.00 and set a "neutral" rating on the stock in a report on Tuesday, January 24th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $71.25.
Dominion Energy Profile
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Dominion Energy, Inc engages in the provision of electricity and natural gas to homes, businesses, and wholesale customers. Its operations also include a regulated interstate natural gas transmission pipeline and underground storage system. It operates through following business segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, Contracted Assets and Corporate and Other.
Further Reading
- Get a free copy of the StockNews.com research report on Dominion Energy (D)
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