Dominion Energy, Inc. (NYSE:D) Shares Sold by Peoples Financial Services CORP.

Peoples Financial Services CORP. lowered its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 2.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,277 shares of the utilities provider’s stock after selling 600 shares during the period. Peoples Financial Services CORP.’s holdings in Dominion Energy were worth $1,102,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Tucker Asset Management LLC acquired a new position in Dominion Energy during the first quarter worth approximately $25,000. Pacific Center for Financial Services acquired a new position in Dominion Energy during the first quarter worth approximately $28,000. AXS Investments LLC acquired a new position in Dominion Energy during the fourth quarter worth approximately $30,000. Core Alternative Capital increased its position in Dominion Energy by 63.0% during the first quarter. Core Alternative Capital now owns 533 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 206 shares during the last quarter. Finally, Carderock Capital Management Inc. acquired a new position in Dominion Energy during the first quarter worth approximately $34,000. Institutional investors and hedge funds own 70.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on D shares. Morgan Stanley decreased their price objective on shares of Dominion Energy from $55.00 to $50.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 23rd. Guggenheim decreased their price objective on shares of Dominion Energy from $63.00 to $60.00 in a research note on Friday, July 7th. BMO Capital Markets decreased their price objective on shares of Dominion Energy from $54.00 to $50.00 and set an “outperform” rating for the company in a research note on Wednesday, September 6th. Royal Bank of Canada decreased their target price on shares of Dominion Energy from $71.00 to $53.00 and set a “sector perform” rating for the company in a research note on Wednesday. Finally, Barclays started coverage on shares of Dominion Energy in a research note on Wednesday, August 23rd. They issued an “equal weight” rating and a $52.00 target price for the company. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $55.15.

Dominion Energy Price Performance

D traded down $0.04 on Friday, reaching $48.47. The company had a trading volume of 7,657,535 shares, compared to its average volume of 4,683,130. The company has a fifty day moving average of $49.95 and a 200-day moving average of $52.81. The company has a market capitalization of $40.56 billion, a P/E ratio of 17.95, a PEG ratio of 3.72 and a beta of 0.46. The company has a current ratio of 0.57, a quick ratio of 0.44 and a debt-to-equity ratio of 1.47. Dominion Energy, Inc. has a one year low of $45.76 and a one year high of $81.61.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.53 earnings per share 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 during the quarter, compared to analyst estimates of $3.72 billion. During the same quarter last year, the firm posted $0.77 EPS. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, equities research analysts anticipate that Dominion Energy, Inc. will post 3.26 earnings per share for the current year.

Dominion Energy Dividend Announcement

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