Crossmark Global Holdings Inc. Has $1.64 Million Position in Dominion Energy, Inc. (NYSE:D)

Crossmark Global Holdings Inc. reduced its stake in shares of Dominion Energy, Inc. (NYSE:D) by 2.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,462 shares of the utilities provider’s stock after selling 749 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Dominion Energy were worth $1,640,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Family Firm Inc. acquired a new position in shares of Dominion Energy in the 2nd quarter valued at approximately $27,000. Rise Advisors LLC acquired a new position in shares of Dominion Energy in the 1st quarter valued at approximately $30,000. LRI Investments LLC acquired a new position in shares of Dominion Energy in the 1st quarter valued at approximately $30,000. Triad Wealth Partners LLC acquired a new position in shares of Dominion Energy in the 2nd quarter valued at approximately $33,000. Finally, Opal Wealth Advisors LLC bought a new stake in Dominion Energy in the 2nd quarter valued at approximately $35,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Stock Up 0.8 %

Shares of Dominion Energy stock traded up $0.44 on Friday, reaching $55.90. 5,446,052 shares of the company were exchanged, compared to its average volume of 4,512,204. Dominion Energy, Inc. has a one year low of $39.18 and a one year high of $57.60. The company has a market capitalization of $46.82 billion, a price-to-earnings ratio of 28.81, a PEG ratio of 1.51 and a beta of 0.58. 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 50-day moving average of $52.71 and a 200 day moving average of $50.71.

Dominion Energy (NYSE:D) last posted its earnings results on Thursday, August 1st. The utilities provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.09. The business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The firm’s revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.53 EPS. On average, equities research analysts forecast that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, August 30th will be issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date is Friday, August 30th. Dominion Energy’s payout ratio is presently 137.63%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Scotiabank boosted their target price on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Bank of America upgraded Dominion Energy from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $43.00 to $54.00 in a research note on Friday, May 10th. Wells Fargo & Company boosted 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. Evercore ISI boosted their target price on Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a research note on Friday, May 3rd. Finally, Mizuho boosted their target price on Dominion Energy from $45.00 to $52.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Dominion Energy currently has an average rating of “Hold” and a consensus target price of $54.00.

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.