Dominion Energy Inc. $D Stock: Lido Advisors LLC Trims Holdings

Lido Advisors LLC lessened its holdings in shares of Dominion Energy Inc. (NYSE:D) by 11.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 92,328 shares of the utilities provider’s stock after selling 12,064 shares during the quarter. Lido Advisors LLC’s holdings in Dominion Energy were worth $5,588,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Frazier Financial Advisors LLC acquired a new stake in Dominion Energy in the second quarter worth about $31,000. Beacon Financial Strategies CORP increased its stake in Dominion Energy by 269.2% during the 2nd quarter. Beacon Financial Strategies CORP now owns 480 shares of the utilities provider’s stock valued at $33,000 after buying an additional 350 shares during the period. Arlington Trust Co LLC increased its stake in Dominion Energy by 47.1% during the 2nd quarter. Arlington Trust Co LLC now owns 500 shares of the utilities provider’s stock valued at $34,000 after buying an additional 160 shares during the period. Burnham & Co LLC bought a new stake in shares of Dominion Energy during the 2nd quarter worth about $34,000. Finally, Community Bank N.A. acquired a new stake in shares of Dominion Energy in the 2nd quarter worth approximately $35,000. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Down 0.8%

Dominion Energy stock opened at $67.51 on Friday. Dominion Energy Inc. has a 52 week low of $55.85 and a 52 week high of $72.99. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.69 and a current ratio of 0.88. The firm has a market capitalization of $59.38 billion, a price-to-earnings ratio of 22.43, a P/E/G ratio of 3.16 and a beta of 0.62. The company has a 50 day moving average price of $64.12 and a 200 day moving average price of $65.14.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Friday, October 30th. The utilities provider reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.07. Dominion Energy had a return on equity of 10.09% and a net margin of 13.99%. The firm had revenue of $5.62 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same period last year, the company posted $1.06 EPS. The business’s quarterly revenue was up 24.1% compared to the same quarter last year. Research analysts forecast that Dominion Energy Inc. will post 3.59 EPS for the current year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, December 20th. Shareholders of record on Friday, December 4th will be given a $0.6675 dividend. The ex-dividend date is Friday, December 4th. This represents a $2.67 dividend on an annualized basis and a yield of 4.0%. Dominion Energy’s dividend payout ratio is presently 88.70%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Jefferies Financial Group decreased their price objective on shares of Dominion Energy from $79.00 to $71.00 and set a “buy” rating for the company in a report on Monday, September 21st. BMO Capital Markets boosted their target price on Dominion Energy from $64.00 to $70.00 and gave the stock a “market perform” rating in a report on Wednesday, July 22nd. Wells Fargo & Company upgraded Dominion Energy to a “strong-buy” rating in a research report on Thursday, September 24th. Truist Financial decreased their price target on Dominion Energy from $66.00 to $62.00 and set a “hold” rating for the company in a research note on Monday, October 12th. Finally, Scotiabank lowered their price target on Dominion Energy from $67.00 to $63.00 and set a “sector perform” rating on the stock in a research report on Wednesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and a consensus price target of $69.33.

Key Headlines Impacting Dominion Energy

Investors following D have been watching these headlines:

• Neutral Sentiment: The proposed $67 billion Dominion–NextEra merger is drawing public feedback in South Carolina, including at a Public Service Commission hearing. The hearings are part of the review process; the reports do not indicate a decision on the deal. Article: Proposed $67B Dominion-NextEra merger prompts North Charleston customers to weigh in
• Negative Sentiment: Virginia Consumer Counsel has raised concerns about gaps in merger filings, including analysis of competitive effects and rate impacts, and whether customer protections would be enforceable. The criticism may complicate regulatory approval or require further review. Article: NextEra Energy draws fresh Virginia questions over merger consumer protections
• Negative Sentiment: Dominion is seeking another rate increase as lawmakers hold an energy town hall. While approval could support utility revenues, the request may heighten affordability concerns and public or regulatory resistance. Article: Dominion seeks another rate hike as lawmakers hold energy town hall

Dominion Energy Profile

Dominion Energy, Inc. (NYSE: D) is an energy company focused primarily on regulated electric and natural gas utility services. Its businesses generate, transmit and distribute electricity and deliver natural gas to residential, commercial and industrial customers. The company’s electric utility operations serve customers in Virginia and northeastern North Carolina, as well as parts of South Carolina through Dominion Energy South Carolina. Its power portfolio includes nuclear, natural gas, solar and other energy sources.