TFG Advisers LLC Sells 307 Shares of Dominion Energy, Inc. (NYSE:D)

TFG Advisers LLC lessened its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 3.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,120 shares of the utilities provider’s stock after selling 307 shares during the period. TFG Advisers LLC’s holdings in Dominion Energy were worth $527,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Family Firm Inc. purchased a new position in shares of Dominion Energy in the 2nd quarter worth about $27,000. LRI Investments LLC purchased a new position in Dominion Energy in the first quarter worth about $30,000. Triad Wealth Partners LLC bought a new position in shares of Dominion Energy in the second quarter worth approximately $33,000. Opal Wealth Advisors LLC purchased a new stake in shares of Dominion Energy during the second quarter valued at approximately $35,000. Finally, Kimelman & Baird LLC bought a new stake in shares of Dominion Energy during the second quarter valued at approximately $36,000. 73.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

D has been the subject of several research analyst reports. Scotiabank lifted their price objective on Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. BMO Capital Markets lifted their price target on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. increased their price objective on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Jefferies Financial Group began coverage on shares of Dominion Energy in a research report on Friday, September 20th. They issued a “hold” rating and a $58.00 target price for the company. Finally, Barclays boosted their target price on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Dominion Energy currently has a consensus rating of “Hold” and a consensus price target of $55.40.

Dominion Energy Price Performance

D traded up $0.23 during trading on Wednesday, reaching $60.23. 353,650 shares of the company traded hands, compared to its average volume of 4,381,935. The company has a market cap of $50.45 billion, a P/E ratio of 30.93, a PEG ratio of 1.60 and a beta of 0.60. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.78 and a current ratio of 0.93. Dominion Energy, Inc. has a 12-month low of $39.44 and a 12-month high of $60.73. The firm has a fifty day simple moving average of $57.31 and a 200 day simple moving average of $53.52.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.09. The firm had revenue of $3.49 billion during 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 business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.53 earnings per share. On average, equities analysts forecast that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 30th were given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.43%. The ex-dividend date of this dividend was Friday, August 30th. Dominion Energy’s dividend 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.