Luts & Greenleigh Group Inc. Has $334,000 Stock Position in Dominion Energy, Inc. (NYSE:D)

Luts & Greenleigh Group Inc. reduced its stake in Dominion Energy, Inc. (NYSE:D) by 5.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,776 shares of the utilities provider’s stock after selling 332 shares during the period. Luts & Greenleigh Group Inc.’s holdings in Dominion Energy were worth $334,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

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

Dominion Energy Trading Up 1.2 %

D traded up $0.69 during trading on Tuesday, reaching $57.62. 3,086,707 shares of the company’s stock were exchanged, compared to its average volume of 4,385,688. The stock has a market capitalization of $48.26 billion, a PE ratio of 29.80, a price-to-earnings-growth ratio of 1.48 and a beta of 0.60. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a one year low of $39.18 and a one year high of $58.94. The firm has a fifty day moving average price of $56.70 and a two-hundred day moving average price of $53.06.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.09. The company had revenue of $3.49 billion during 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 for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.53 EPS. As a group, equities research analysts forecast that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 30th were paid a $0.6675 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.67 dividend on an annualized basis and a yield of 4.63%. Dominion Energy’s dividend payout ratio (DPR) is presently 137.63%.

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.