Dominion Energy, Inc. (NYSE:D) Shares Sold by Register Financial Advisors LLC

Register Financial Advisors LLC lessened its position in shares of Dominion Energy, Inc. (NYSE:D) by 8.7% during the second quarter, HoldingsChannel reports. The institutional investor owned 4,048 shares of the utilities provider’s stock after selling 387 shares during the quarter. Register Financial Advisors LLC’s holdings in Dominion Energy were worth $198,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in D. Criterion Capital Advisors LLC acquired a new stake in Dominion Energy during the 4th quarter worth about $29,000. Rise Advisors LLC bought a new position in Dominion Energy in the first quarter worth $30,000. LRI Investments LLC acquired a new stake in Dominion Energy in the 1st quarter valued at $30,000. Lynx Investment Advisory acquired a new position in shares of Dominion Energy in the 2nd quarter worth approximately $37,000. Finally, Janiczek Wealth Management LLC increased its holdings in shares of Dominion Energy by 20,100.0% in the fourth quarter. Janiczek Wealth Management LLC now owns 808 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 804 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on D shares. Evercore ISI lifted their target price on shares of Dominion Energy from $47.00 to $53.00 and gave the stock an “in-line” rating in a report on Friday, May 3rd. Scotiabank decreased their price objective on Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. Wells Fargo & Company increased their target price on Dominion Energy from $51.00 to $55.00 and gave the company an “equal weight” rating in a research note on Friday, May 3rd. Mizuho boosted their target price on Dominion Energy from $45.00 to $52.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Finally, BMO Capital Markets upped their price target on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research note on Monday, August 5th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $52.18.

Dominion Energy Stock Up 0.5 %

Shares of NYSE:D traded up $0.28 during trading on Friday, hitting $54.47. 2,942,182 shares of the company’s stock traded hands, compared to its average volume of 4,646,718. The company has a 50-day moving average price of $51.37 and a 200-day moving average price of $49.66. Dominion Energy, Inc. has a 52 week low of $39.18 and a 52 week high of $57.60. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 1.42. The company has a market cap of $45.70 billion, a price-to-earnings ratio of 28.08, a price-to-earnings-growth ratio of 1.45 and a beta of 0.58.

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, topping the consensus estimate of $0.56 by $0.09. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The company had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.73 billion. During the same period in the prior year, the firm earned $0.53 earnings per share. Dominion Energy’s revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, research analysts forecast that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal 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 given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.90%. The ex-dividend date is Friday, August 30th. Dominion Energy’s payout ratio is 137.63%.

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.