Point Windward Advisors Inc. Sells 33,177 Shares of Dominion Energy Inc. $D

Point Windward Advisors Inc. lowered its position in shares of Dominion Energy Inc. (NYSE:D) by 82.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,180 shares of the utilities provider’s stock after selling 33,177 shares during the quarter. Point Windward Advisors Inc.’s holdings in Dominion Energy were worth $435,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of D. BlackRock Inc. purchased a new position in Dominion Energy in the second quarter worth $4,986,439,000. Bank of America Corp DE bought a new position in Dominion Energy in the 2nd quarter valued at $996,984,000. Bank of New York Mellon Corp purchased a new stake in shares of Dominion Energy during the 2nd quarter valued at $697,388,000. Legal & General Group Plc purchased a new stake in shares of Dominion Energy during the 2nd quarter valued at $467,353,000. Finally, Pentwater Capital Management LP purchased a new stake in shares of Dominion Energy during the 2nd quarter valued at $239,015,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

More Dominion Energy News

Investors following D have been watching these news items:

• 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: Virginia Governor-elect Abigail Spanberger said assurances alone are insufficient on the merger, signaling that consumer protections and evidence will be closely scrutinized. This adds to uncertainty around the deal’s path to approval. Article: Spanberger says “Trust us” won’t cut it on Dominion merger

Dominion Energy Stock Performance

Shares of D opened at $67.51 on Friday. Dominion Energy Inc. has a 1 year low of $55.85 and a 1 year high of $72.99. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.88 and a quick ratio of 0.69. The stock’s fifty day moving average price is $64.12 and its two-hundred day moving average price is $65.14. The firm has a market cap of $59.38 billion, a PE ratio of 22.43, a PEG ratio of 3.16 and a beta of 0.62.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Friday, October 30th. The utilities provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.07. Dominion Energy had a return on equity of 10.09% and a net margin of 13.99%. The company had revenue of $5.62 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter in the prior year, the company earned $1.06 EPS. The firm’s quarterly revenue was up 24.1% compared to the same quarter last year. On average, equities research analysts forecast that Dominion Energy Inc. will post 3.59 EPS for the current year.

Dominion Energy Dividend Announcement

The firm 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 dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Friday, December 4th. Dominion Energy’s dividend payout ratio (DPR) is currently 88.70%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on D. Evercore boosted their price target on shares of Dominion Energy from $67.00 to $70.00 in a report on Thursday, October 8th. Weiss Ratings upgraded shares of Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, November 2nd. Morgan Stanley lowered their price objective on shares of Dominion Energy from $68.00 to $66.00 and set an “equal weight” rating on the stock in a research report on Friday, September 18th. Barclays dropped their target price on shares of Dominion Energy from $69.00 to $65.00 and set an “overweight” rating on the stock in a research note on Monday, October 19th. Finally, Jefferies Financial Group reduced their target price on shares of Dominion Energy from $79.00 to $71.00 and set a “buy” rating for the company in a research report on Monday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $69.33.

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.