Valley National Advisers Inc. Sells 547 Shares of Dominion Energy, Inc. (NYSE:D)

Valley National Advisers Inc. decreased its position in shares of Dominion Energy, Inc. (NYSE:D) by 19.2% in the first quarter, Holdings Channel reports. The fund owned 2,306 shares of the utilities provider’s stock after selling 547 shares during the period. Valley National Advisers Inc.’s holdings in Dominion Energy were worth $113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in Dominion Energy by 9.0% during the third quarter. JPMorgan Chase & Co. now owns 23,394,919 shares of the utilities provider’s stock worth $1,045,051,000 after acquiring an additional 1,928,823 shares during the period. Wellington Management Group LLP raised its position in shares of Dominion Energy by 13.2% during the fourth quarter. Wellington Management Group LLP now owns 18,493,273 shares of the utilities provider’s stock valued at $869,184,000 after buying an additional 2,153,488 shares during the last quarter. Capital Research Global Investors raised its position in shares of Dominion Energy by 136.5% during the fourth quarter. Capital Research Global Investors now owns 17,970,856 shares of the utilities provider’s stock valued at $844,630,000 after buying an additional 10,370,768 shares during the last quarter. Federated Hermes Inc. lifted its stake in shares of Dominion Energy by 1.0% in the fourth quarter. Federated Hermes Inc. now owns 7,612,107 shares of the utilities provider’s stock valued at $357,769,000 after buying an additional 75,600 shares during the period. Finally, Morgan Stanley grew its position in Dominion Energy by 12.8% during the third quarter. Morgan Stanley now owns 7,082,946 shares of the utilities provider’s stock worth $316,395,000 after buying an additional 803,341 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Price Performance

D stock traded up $0.64 during trading on Wednesday, hitting $49.18. 2,091,856 shares of the stock traded hands, compared to its average volume of 4,867,009. The stock has a market cap of $41.19 billion, a price-to-earnings ratio of 25.47, a P/E/G ratio of 1.31 and a beta of 0.59. Dominion Energy, Inc. has a one year low of $39.18 and a one year high of $54.74. The company has a current ratio of 1.05, a quick ratio of 0.94 and a debt-to-equity ratio of 1.37. The company has a 50 day simple moving average of $51.54 and a 200 day simple moving average of $48.73.

Dominion Energy (NYSE:D) last posted its earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. The company had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $4.34 billion. Dominion Energy had a net margin of 11.57% and a return on equity of 7.50%. Dominion Energy’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 earnings per share. Equities analysts expect that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Friday, May 31st were issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 5.43%. The ex-dividend date was Friday, May 31st. Dominion Energy’s payout ratio is presently 137.63%.

Wall Street Analysts Forecast Growth

D has been the subject of a number of research reports. Wells Fargo & Company raised their price objective on Dominion Energy from $51.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Friday, May 3rd. Bank of America raised Dominion Energy from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $43.00 to $54.00 in a research report on Friday, May 10th. Scotiabank decreased their price target on shares of Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. BMO Capital Markets increased their price objective on shares of Dominion Energy from $51.00 to $52.00 and gave the company a “market perform” rating in a research note on Monday, May 6th. Finally, StockNews.com upgraded shares of Dominion Energy from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Ten research 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 company currently has an average rating of “Hold” and an average target price of $51.73.

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.