Atria Wealth Solutions Inc. Has $2.66 Million Holdings in Dominion Energy Inc. (NYSE:D)

Key Points

• Atria Wealth Solutions Inc. has reduced its stake in Dominion Energy Inc. by 8.2%, holding 47,353 shares valued at approximately $2.66 million as of the latest SEC filing.
• Dominion Energy reported earnings per share of $0.75 for the recent quarter, missing estimates by $0.02, while their revenue increased by 9.3% year-over-year to $3.81 billion.
• The company announced a quarterly dividend of $0.6675, translating to an annualized yield of 4.3%, with a payout ratio of 92.07%.

Atria Wealth Solutions Inc. decreased its holdings in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 8.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 47,353 shares of the utilities provider's stock after selling 4,226 shares during the period. Atria Wealth Solutions Inc.'s holdings in Dominion Energy were worth $2,655,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in D. Cadence Bank increased its holdings in Dominion Energy by 2.0% in the fourth quarter. Cadence Bank now owns 9,561 shares of the utilities provider's stock valued at $515,000 after buying an additional 189 shares in the last quarter. Dynamic Advisor Solutions LLC increased its holdings in Dominion Energy by 3.3% in the first quarter. Dynamic Advisor Solutions LLC now owns 6,022 shares of the utilities provider's stock valued at $338,000 after buying an additional 193 shares in the last quarter. Centre Asset Management LLC increased its holdings in Dominion Energy by 3.3% in the first quarter. Centre Asset Management LLC now owns 6,251 shares of the utilities provider's stock valued at $350,000 after buying an additional 198 shares in the last quarter. Cornerstone Wealth Group LLC increased its holdings in Dominion Energy by 1.1% in the first quarter. Cornerstone Wealth Group LLC now owns 18,229 shares of the utilities provider's stock valued at $1,022,000 after buying an additional 202 shares in the last quarter. Finally, Verdence Capital Advisors LLC increased its holdings in Dominion Energy by 4.6% in the first quarter. Verdence Capital Advisors LLC now owns 4,688 shares of the utilities provider's stock valued at $263,000 after buying an additional 208 shares in the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Price Performance

Shares of Dominion Energy stock traded down $0.17 during mid-day trading on Tuesday, reaching $61.32. 3,429,740 shares of the stock were exchanged, compared to its average volume of 5,363,376. The company has a market cap of $52.33 billion, a price-to-earnings ratio of 21.14, a price-to-earnings-growth ratio of 1.34 and a beta of 0.57. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. The firm has a 50-day simple moving average of $57.29 and a 200 day simple moving average of $55.68. Dominion Energy Inc. has a fifty-two week low of $48.07 and a fifty-two week high of $62.26.

Dominion Energy (NYSE:D - Get Free Report) last issued its earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.02). Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The business had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.73 billion. During the same period last year, the business posted $0.65 EPS. The firm's revenue for the quarter was up 9.3% compared to the same quarter last year. On average, sell-side analysts predict that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, September 20th. Investors of record on Friday, September 5th will be paid a $0.6675 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.67 annualized dividend and a dividend yield of 4.4%. Dominion Energy's dividend payout ratio (DPR) is currently 92.07%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on D. JPMorgan Chase & Co. raised their target price on shares of Dominion Energy from $53.00 to $56.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 15th. Morgan Stanley decreased their price target on shares of Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 18th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $59.14.

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.