Campbell Wealth Management Has $630,000 Holdings in Dominion Energy, Inc. (NYSE:D)

Campbell Wealth Management cut its stake in shares of Dominion Energy, Inc. (NYSE:D) by 12.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,907 shares of the utilities provider’s stock after selling 1,587 shares during the period. Dominion Energy accounts for 0.1% of Campbell Wealth Management’s holdings, making the stock its 27th largest position. Campbell Wealth Management’s holdings in Dominion Energy were worth $630,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of D. Family Firm Inc. acquired a new stake in shares of Dominion Energy in the second quarter valued at approximately $27,000. LRI Investments LLC acquired a new stake in shares of Dominion Energy in the first quarter valued at approximately $30,000. Triad Wealth Partners LLC acquired a new stake in shares of Dominion Energy in the second quarter valued at approximately $33,000. Opal Wealth Advisors LLC acquired a new stake in shares of Dominion Energy in the second quarter valued at approximately $35,000. Finally, Kimelman & Baird LLC acquired a new stake in shares of Dominion Energy in the second quarter valued at approximately $36,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Dominion Energy Stock Performance

NYSE D opened at $58.99 on Friday. The firm’s fifty day moving average price is $57.87 and its two-hundred day moving average price is $54.05. The stock has a market cap of $49.49 billion, a PE ratio of 31.05, a PEG ratio of 1.58 and a beta of 0.59. Dominion Energy, Inc. has a fifty-two week low of $40.44 and a fifty-two week high of $61.97. 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 (NYSE:D) last issued its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.09. The company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. Dominion Energy’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 earnings per share. On average, equities analysts expect that Dominion Energy, Inc. will post 2.76 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.6675 per share. The ex-dividend date is Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.53%. Dominion Energy’s dividend payout ratio (DPR) is presently 140.53%.

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.