Symons Capital Management Inc. reduced its position in Dominion Energy Inc (NYSE:D) by 6.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 148,773 shares of the utilities provider’s stock after selling 10,229 shares during the quarter. Dominion Energy comprises about 3.5% of Symons Capital Management Inc.’s portfolio, making the stock its 9th biggest holding. Symons Capital Management Inc.’s holdings in Dominion Energy were worth $10,456,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ffcm LLC grew its holdings in shares of Dominion Energy by 28.6% during the third quarter. Ffcm LLC now owns 25,530 shares of the utilities provider’s stock worth $1,794,000 after buying an additional 5,673 shares in the last quarter. American International Group Inc. grew its holdings in shares of Dominion Energy by 7.3% during the third quarter. American International Group Inc. now owns 221,234 shares of the utilities provider’s stock worth $15,548,000 after buying an additional 15,021 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Dominion Energy by 0.8% during the third quarter. BlackRock Inc. now owns 46,177,530 shares of the utilities provider’s stock worth $3,245,357,000 after buying an additional 345,036 shares in the last quarter. Leisure Capital Management grew its holdings in shares of Dominion Energy by 263.4% during the third quarter. Leisure Capital Management now owns 11,374 shares of the utilities provider’s stock worth $799,000 after buying an additional 8,244 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Dominion Energy by 29.9% in the third quarter. Bank of New York Mellon Corp now owns 6,146,819 shares of the utilities provider’s stock valued at $431,998,000 after purchasing an additional 1,413,097 shares during the period. Hedge funds and other institutional investors own 67.43% of the company’s stock.

D has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a report on Monday, October 22nd. Bank of America dropped their price objective on shares of Dominion Energy from $71.00 to $69.00 and set a “neutral” rating for the company in a report on Friday, November 2nd. Barclays set a $79.00 price objective on shares of Dominion Energy and gave the company a “buy” rating in a report on Saturday. Wells Fargo & Co reissued a “hold” rating and issued a $76.00 price objective (up previously from $73.00) on shares of Dominion Energy in a report on Monday, September 17th. Finally, Scotiabank initiated coverage on shares of Dominion Energy in a report on Tuesday, July 24th. They issued a “hold” rating and a $167.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $84.58.

In related news, Director John W. Harris bought 10,000 shares of the stock in a transaction on Tuesday, August 28th. The stock was bought at an average price of $71.15 per share, with a total value of $711,500.00. Following the completion of the purchase, the director now directly owns 17,495 shares in the company, valued at approximately $1,244,769.25. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.34% of the company’s stock.

Shares of D stock opened at $74.17 on Wednesday. The company has a quick ratio of 0.46, a current ratio of 0.62 and a debt-to-equity ratio of 1.58. The stock has a market cap of $48.75 billion, a price-to-earnings ratio of 20.60, a P/E/G ratio of 3.02 and a beta of 0.18. Dominion Energy Inc has a 1-year low of $61.53 and a 1-year high of $85.30.

Dominion Energy (NYSE:D) last announced its earnings results on Thursday, November 1st. The utilities provider reported $1.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.02. The company had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.41 billion. Dominion Energy had a net margin of 24.63% and a return on equity of 13.24%. Dominion Energy’s revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.04 earnings per share. Equities research analysts anticipate that Dominion Energy Inc will post 4.08 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Friday, December 7th will be paid a dividend of $0.835 per share. This represents a $3.34 annualized dividend and a yield of 4.50%. The ex-dividend date of this dividend is Thursday, December 6th. Dominion Energy’s dividend payout ratio (DPR) is presently 92.78%.

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Dominion Energy Profile

Dominion Energy, Inc produces and transports energy in the United States. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities through gas, coal, nuclear, oil, renewables, biomass, hydro, solar, and power purchase agreements; and related energy supply operations.

Further Reading: Dividend Aristocrat Index

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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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