Carret Asset Management LLC Cuts Holdings in Dominion Energy Inc. (D)

Carret Asset Management LLC lessened its holdings in shares of Dominion Energy Inc. (NYSE:D) by 1.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,122 shares of the utilities provider’s stock after selling 861 shares during the quarter. Carret Asset Management LLC’s holdings in Dominion Energy were worth $3,548,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Credit Suisse AG boosted its position in shares of Dominion Energy by 1.3% in the first quarter. Credit Suisse AG now owns 1,013,639 shares of the utilities provider’s stock valued at $78,627,000 after acquiring an additional 13,255 shares during the period. Flagship Harbor Advisors LLC bought a new stake in Dominion Energy during the first quarter valued at approximately $265,000. HighTower Advisors LLC lifted its position in Dominion Energy by 7.4% during the first quarter. HighTower Advisors LLC now owns 108,358 shares of the utilities provider’s stock valued at $8,413,000 after purchasing an additional 7,492 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. lifted its position in Dominion Energy by 20.4% during the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 22,999 shares of the utilities provider’s stock valued at $1,784,000 after purchasing an additional 3,899 shares during the last quarter. Finally, Altavista Wealth Management Inc. lifted its position in Dominion Energy by 20.8% during the first quarter. Altavista Wealth Management Inc. now owns 5,985 shares of the utilities provider’s stock valued at $464,000 after purchasing an additional 1,032 shares during the last quarter. Hedge funds and other institutional investors own 64.68% of the company’s stock.

Shares of Dominion Energy Inc. (NYSE:D) traded up $0.41 during midday trading on Thursday, hitting $83.53. 1,709,800 shares of the company traded hands, compared to its average volume of 2,322,935. The company has a current ratio of 0.47, a quick ratio of 0.29 and a debt-to-equity ratio of 1.67. Dominion Energy Inc. has a 12 month low of $70.87 and a 12 month high of $84.47. The stock has a market capitalization of $53,490.20, a P/E ratio of 22.65, a price-to-earnings-growth ratio of 4.09 and a beta of 0.29.

Dominion Energy (NYSE:D) last issued its earnings results on Monday, October 30th. The utilities provider reported $1.04 EPS for the quarter, topping the consensus estimate of $1.02 by $0.02. Dominion Energy had a net margin of 17.21% and a return on equity of 13.32%. The company had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same period in the previous year, the firm earned $1.14 earnings per share. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. equities analysts predict that Dominion Energy Inc. will post 3.6 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Friday, December 1st will be paid a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 3.69%. This is an increase from Dominion Energy’s previous quarterly dividend of $0.76. The ex-dividend date is Thursday, November 30th. Dominion Energy’s payout ratio is presently 90.86%.

In related news, Director John W. Harris sold 5,616 shares of Dominion Energy stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $80.71, for a total value of $453,267.36. Following the transaction, the director now directly owns 18,920 shares of the company’s stock, valued at $1,527,033.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.37% of the stock is owned by insiders.

D has been the subject of several research analyst reports. Zacks Investment Research lowered shares of Dominion Energy from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. Bank of America raised shares of Dominion Energy from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 22nd. National Bank Financial downgraded shares of Dominion Energy from an “outperfrom under weight” rating to a “sector perform” rating in a research note on Wednesday, October 4th. Goldman Sachs Group reissued a “neutral” rating and set a $78.00 price target on shares of Dominion Energy in a research note on Thursday, September 14th. Finally, KeyCorp reissued a “hold” rating on shares of Dominion Energy in a research note on Friday, October 20th. Fourteen equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $80.70.

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About Dominion Energy

Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.

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

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