Beese Fulmer Investment Management Inc. Has $2.28 Million Stock Position in Dominion Energy, Inc. (NYSE:D)

Beese Fulmer Investment Management Inc. cut its stake in shares of Dominion Energy, Inc. (NYSE:D) by 4.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 43,991 shares of the utilities provider’s stock after selling 1,827 shares during the period. Beese Fulmer Investment Management Inc.’s holdings in Dominion Energy were worth $2,278,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of D. Sei Investments Co. increased its stake in Dominion Energy by 7.7% in the 1st quarter. Sei Investments Co. now owns 168,723 shares of the utilities provider’s stock valued at $14,325,000 after buying an additional 12,002 shares during the last quarter. Prudential PLC purchased a new stake in shares of Dominion Energy during the 1st quarter worth approximately $1,528,000. Sequoia Financial Advisors LLC boosted its holdings in Dominion Energy by 30.0% in the 1st quarter. Sequoia Financial Advisors LLC now owns 7,195 shares of the utilities provider’s stock worth $611,000 after buying an additional 1,661 shares during the period. Covestor Ltd boosted its holdings in Dominion Energy by 49.8% in the 1st quarter. Covestor Ltd now owns 394 shares of the utilities provider’s stock worth $34,000 after buying an additional 131 shares during the period. Finally, Merit Financial Group LLC bought a new position in Dominion Energy in the 1st quarter worth approximately $419,000. 70.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on D shares. Scotiabank cut their price objective on shares of Dominion Energy from $68.00 to $60.00 and set a “sector outperform” rating for the company in a report on Monday, September 11th. The Goldman Sachs Group initiated coverage on shares of Dominion Energy in a report on Wednesday, June 7th. They issued a “neutral” rating for the company. Royal Bank of Canada cut their price target on shares of Dominion Energy from $71.00 to $53.00 and set a “sector perform” rating for the company in a report on Wednesday. Mizuho cut their price target on shares of Dominion Energy from $58.00 to $46.00 and set a “neutral” rating for the company in a report on Wednesday, September 6th. Finally, Guggenheim cut their price target on shares of Dominion Energy from $63.00 to $60.00 in a report on Friday, July 7th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $55.15.

Dominion Energy Trading Down 0.1 %

Shares of NYSE D traded down $0.04 during midday trading on Friday, hitting $48.47. 7,657,535 shares of the company traded hands, compared to its average volume of 4,683,130. Dominion Energy, Inc. has a 12-month low of $45.76 and a 12-month high of $81.61. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.44 and a current ratio of 0.57. The stock has a 50-day moving average price of $49.95 and a 200 day moving average price of $52.81. The firm has a market cap of $40.56 billion, a P/E ratio of 17.95, a P/E/G ratio of 3.72 and a beta of 0.46.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Friday, August 4th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.05. Dominion Energy had a net margin of 12.71% and a return on equity of 11.94%. The company had revenue of $3.79 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter in the previous year, the company earned $0.77 earnings per share. Dominion Energy’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, analysts expect that Dominion Energy, Inc. will post 3.26 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Friday, September 1st will be paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 5.51%. The ex-dividend date is Thursday, August 31st. Dominion Energy’s payout ratio is currently 98.89%.

Dominion Energy Company Profile

Dominion Energy, Inc produces and distributes energy in the United States. It operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.7 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.