BTG Pactual Global Asset Management Ltd lowered its position in shares of Dominion Energy, Inc. (NYSE:D – Free Report) by 46.1% in the second quarter, Holdings Channel reports. The firm owned 22,003 shares of the utilities provider’s stock after selling 18,791 shares during the period. BTG Pactual Global Asset Management Ltd’s holdings in Dominion Energy were worth $1,140,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. lifted its position in Dominion Energy by 3.1% during the 1st quarter. BlackRock Inc. now owns 60,976,169 shares of the utilities provider’s stock worth $3,409,178,000 after acquiring an additional 1,826,440 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Dominion Energy by 50.4% during the 1st quarter. JPMorgan Chase & Co. now owns 17,980,124 shares of the utilities provider’s stock worth $1,005,266,000 after acquiring an additional 6,028,220 shares in the last quarter. FMR LLC lifted its position in Dominion Energy by 18.9% during the 1st quarter. FMR LLC now owns 17,241,957 shares of the utilities provider’s stock worth $963,998,000 after acquiring an additional 2,738,973 shares in the last quarter. Franklin Resources Inc. lifted its position in Dominion Energy by 0.6% during the 1st quarter. Franklin Resources Inc. now owns 15,231,191 shares of the utilities provider’s stock worth $851,576,000 after acquiring an additional 95,055 shares in the last quarter. Finally, Dodge & Cox acquired a new position in shares of Dominion Energy in the 1st quarter valued at approximately $828,901,000. 70.66% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
D has been the topic of several research reports. Scotiabank lowered Dominion Energy from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the company from $56.00 to $46.00 in a research report on Monday, October 16th. Mizuho decreased their price target on Dominion Energy from $58.00 to $46.00 and set a “neutral” rating for the company in a research note on Wednesday, September 6th. JPMorgan Chase & Co. decreased their price target on Dominion Energy from $55.00 to $49.00 and set a “neutral” rating for the company in a research note on Tuesday, October 17th. StockNews.com raised Dominion Energy from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Finally, Barclays raised Dominion Energy from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $45.00 to $47.00 in a research note on Monday, November 6th. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Dominion Energy has a consensus rating of “Hold” and an average price target of $50.17.
Dominion Energy Price Performance
Dominion Energy stock traded down $0.11 on Friday, reaching $46.76. The company’s stock had a trading volume of 5,251,102 shares, compared to its average volume of 7,599,617. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.07 and a current ratio of 1.14. The company has a market cap of $39.13 billion, a price-to-earnings ratio of 23.86, a PEG ratio of 4.00 and a beta of 0.52. The business’s fifty day moving average price is $43.98 and its 200 day moving average price is $48.88. Dominion Energy, Inc. has a twelve month low of $39.18 and a twelve month high of $63.94.
Dominion Energy (NYSE:D – Get Free Report) last released its earnings results on Friday, November 3rd. The utilities provider reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). The firm had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $4.38 billion. Dominion Energy had a return on equity of 10.94% and a net margin of 9.66%. The company’s revenue was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.11 EPS. Equities analysts expect that Dominion Energy, Inc. will post 2.93 earnings per share for the current fiscal year.
Dominion Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Friday, December 1st will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $2.67 dividend on an annualized basis and a yield of 5.71%. Dominion Energy’s dividend payout ratio is presently 136.23%.
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.
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