Profund Advisors LLC cut its holdings in shares of Dominion Energy, Inc. (NYSE:D – Free Report) by 8.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,797 shares of the utilities provider’s stock after selling 3,054 shares during the quarter. Profund Advisors LLC’s holdings in Dominion Energy were worth $1,802,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the business. Tucker Asset Management LLC acquired a new stake in Dominion Energy during the 1st quarter worth approximately $25,000. Operose Advisors LLC lifted its holdings in shares of Dominion Energy by 158.0% during the second quarter. Operose Advisors LLC now owns 516 shares of the utilities provider’s stock worth $27,000 after buying an additional 316 shares in the last quarter. Pacific Center for Financial Services bought a new stake in shares of Dominion Energy in the first quarter valued at about $28,000. Centerpoint Advisors LLC boosted its position in shares of Dominion Energy by 379.5% in the second quarter. Centerpoint Advisors LLC now owns 609 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 482 shares during the period. Finally, Covestor Ltd raised its stake 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 purchasing an additional 131 shares in the last quarter. Institutional investors own 70.66% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have issued reports on D shares. Scotiabank downgraded shares of Dominion Energy from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the company from $56.00 to $46.00 in a report on Monday, October 16th. Wells Fargo & Company cut their price objective on shares of Dominion Energy from $51.00 to $46.00 and set an “equal weight” rating for the company in a report on Friday, October 20th. JPMorgan Chase & Co. cut their price objective on shares of Dominion Energy from $55.00 to $49.00 and set a “neutral” rating for the company in a report on Tuesday, October 17th. Guggenheim cut their price objective on shares of Dominion Energy from $56.00 to $49.00 in a report on Monday, October 9th. Finally, Barclays raised shares of Dominion Energy from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $45.00 to $47.00 in a report on Monday, November 6th. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Dominion Energy has a consensus rating of “Hold” and a consensus price target of $50.17.
Dominion Energy Price Performance
Shares of NYSE:D opened at $46.42 on Tuesday. The firm has a 50 day moving average of $43.96 and a 200-day moving average of $48.76. The stock has a market capitalization of $38.84 billion, a PE ratio of 23.68, a PEG ratio of 4.00 and a beta of 0.52. The company has a current ratio of 1.14, a quick ratio of 1.07 and a debt-to-equity ratio of 1.26. Dominion Energy, Inc. has a 12 month low of $39.18 and a 12 month high of $63.94.
Dominion Energy (NYSE:D – Get Free Report) last released its quarterly earnings data on Friday, November 3rd. The utilities provider reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). The company had revenue of $3.81 billion for the quarter, compared to analyst estimates of $4.38 billion. Dominion Energy had a return on equity of 10.94% and a net margin of 9.66%. Dominion Energy’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.11 earnings per share. On average, equities research analysts predict that Dominion Energy, Inc. will post 2.93 EPS 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 given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 5.75%. The ex-dividend date of this dividend is Thursday, November 30th. Dominion Energy’s dividend payout ratio is 136.23%.
Dominion Energy 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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