Wedmont Private Capital lowered its stake in Dominion Energy, Inc. (NYSE:D – Get Rating) by 4.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,150 shares of the utilities provider’s stock after selling 312 shares during the quarter. Wedmont Private Capital’s holdings in Dominion Energy were worth $356,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Moneta Group Investment Advisors LLC grew its holdings in Dominion Energy by 93,554.0% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 9,865,509 shares of the utilities provider’s stock worth $604,953,000 after purchasing an additional 9,854,975 shares during the period. Norges Bank bought a new position in Dominion Energy during the fourth quarter worth about $332,276,000. BlackRock Inc. grew its holdings in Dominion Energy by 5.5% during the third quarter. BlackRock Inc. now owns 58,954,665 shares of the utilities provider’s stock worth $4,074,356,000 after purchasing an additional 3,051,912 shares during the period. Vanguard Group Inc. grew its holdings in Dominion Energy by 3.9% during the third quarter. Vanguard Group Inc. now owns 73,953,046 shares of the utilities provider’s stock worth $5,110,895,000 after purchasing an additional 2,767,626 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in Dominion Energy by 9.9% during the third quarter. Price T Rowe Associates Inc. MD now owns 30,771,075 shares of the utilities provider’s stock worth $2,126,590,000 after purchasing an additional 2,763,501 shares during the period. Institutional investors and hedge funds own 69.58% of the company’s stock.
Analysts Set New Price Targets
A number of research firms recently commented on D. BMO Capital Markets reduced their price target on Dominion Energy from $66.00 to $61.00 and set an “outperform” rating for the company in a report on Monday, February 27th. Guggenheim reduced their price objective on Dominion Energy from $69.00 to $63.00 and set a “buy” rating for the company in a report on Tuesday, February 28th. JPMorgan Chase & Co. reduced their price objective on Dominion Energy from $63.00 to $55.00 in a report on Friday, June 9th. Morgan Stanley boosted their price objective on Dominion Energy from $58.00 to $63.00 and gave the stock an “equal weight” rating in a report on Thursday, April 20th. Finally, The Goldman Sachs Group assumed coverage on Dominion Energy in a report on Wednesday, June 7th. They set a “neutral” rating for the company. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Dominion Energy has an average rating of “Hold” and an average target price of $62.55.
Insider Transactions at Dominion Energy
Dominion Energy Stock Up 0.2 %
Shares of D opened at $53.26 on Thursday. Dominion Energy, Inc. has a one year low of $48.47 and a one year high of $86.28. The company has a market cap of $44.52 billion, a P/E ratio of 37.24, a P/E/G ratio of 0.71 and a beta of 0.44. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.75 and a quick ratio of 0.62. The firm has a 50 day simple moving average of $54.14 and a two-hundred day simple moving average of $57.16.
Dominion Energy (NYSE:D – Get Rating) last announced its quarterly earnings data on Friday, May 5th. The utilities provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.98 by $0.01. Dominion Energy had a net margin of 7.05% and a return on equity of 12.67%. The business had revenue of $5.25 billion during the quarter, compared to the consensus estimate of $4.46 billion. During the same period in the previous year, the business earned $1.18 earnings per share. The company’s revenue was up 22.7% on a year-over-year basis. Research analysts forecast that Dominion Energy, Inc. will post 3.75 EPS for the current fiscal year.
Dominion Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 20th. Shareholders of record on Friday, June 2nd were given a dividend of $0.6675 per share. The ex-dividend date of this dividend was Thursday, June 1st. This represents a $2.67 annualized dividend and a yield of 5.01%. Dominion Energy’s dividend payout ratio is currently 186.71%.
Dominion Energy Profile
Dominion Energy, Inc engages in the production and distribution of energy. It operates through following business segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, Contracted Assets, and Corporate and Other. The Corporate and Other segment focuses on corporate, service company, non-controlling interest in Dominion privatization, and non-regulated retail energy marketing operations.
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