Patton Albertson Miller Group LLC lessened its holdings in shares of Dominion Energy Inc (NYSE:D) by 13.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,294 shares of the utilities provider’s stock after selling 945 shares during the period. Patton Albertson Miller Group LLC’s holdings in Dominion Energy were worth $511,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Brooktree Capital Management bought a new stake in shares of Dominion Energy during the 1st quarter valued at about $29,000. Larson Financial Group LLC boosted its stake in Dominion Energy by 110.5% during the 2nd quarter. Larson Financial Group LLC now owns 381 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 200 shares during the period. Bellevue Asset Management LLC boosted its stake in Dominion Energy by 50.0% during the 1st quarter. Bellevue Asset Management LLC now owns 450 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 150 shares during the period. Key Financial Inc acquired a new position in Dominion Energy during the 1st quarter valued at about $38,000. Finally, Prestige Wealth Management Group LLC boosted its stake in Dominion Energy by 35.1% during the 1st quarter. Prestige Wealth Management Group LLC now owns 520 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 135 shares during the period. 66.38% of the stock is owned by institutional investors and hedge funds.
A number of research firms have issued reports on D. Argus lowered shares of Dominion Energy from a “buy” rating to a “hold” rating in a research note on Monday. Mizuho lowered shares of Dominion Energy from a “neutral” rating to an “underperform” rating and set a $68.00 target price for the company. in a research note on Tuesday, July 7th. KeyCorp lowered shares of Dominion Energy to a “hold” rating in a research note on Monday. BMO Capital Markets lowered shares of Dominion Energy from a “market perform” rating to an “underperform” rating and set a $68.00 target price for the company. in a research note on Tuesday, July 7th. Finally, UBS Group reissued a “buy” rating and set a $92.00 target price on shares of Dominion Energy in a research note on Monday, July 6th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $82.06.
Shares of NYSE D traded down $0.20 during trading hours on Thursday, hitting $77.74. 68,955 shares of the stock were exchanged, compared to its average volume of 3,459,807. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.64 and a quick ratio of 0.46. The company’s 50 day moving average is $78.87 and its 200 day moving average is $80.18. The firm has a market capitalization of $65.68 billion, a P/E ratio of 105.16, a P/E/G ratio of 6.28 and a beta of 0.40. Dominion Energy Inc has a one year low of $57.79 and a one year high of $90.89.
Dominion Energy (NYSE:D) last issued its quarterly earnings results on Friday, July 31st. The utilities provider reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. Dominion Energy had a net margin of 3.77% and a return on equity of 12.09%. The firm had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.99 billion. During the same period in the prior year, the firm earned $0.77 EPS. The business’s revenue was down 9.7% on a year-over-year basis. Research analysts anticipate that Dominion Energy Inc will post 3.53 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, September 20th. Stockholders of record on Friday, September 4th will be paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date is Thursday, September 3rd. Dominion Energy’s dividend payout ratio is 88.68%.
Dominion Energy Company Profile
Dominion Energy, Inc produces and transports energy. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities.
Further Reading: What is the Euro STOXX 50 Index?
Want to see what other hedge funds are holding D? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dominion Energy Inc (NYSE:D).
Receive News & Ratings for Dominion Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dominion Energy and related companies with MarketBeat.com's FREE daily email newsletter.