Redmond Asset Management LLC decreased its holdings in Dominion Energy Inc (NYSE:D) by 0.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,498 shares of the utilities provider’s stock after selling 166 shares during the quarter. Redmond Asset Management LLC’s holdings in Dominion Energy were worth $2,281,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the company. Executive Wealth Management LLC boosted its position in shares of Dominion Energy by 11.8% in the 2nd quarter. Executive Wealth Management LLC now owns 49,815 shares of the utilities provider’s stock worth $3,852,000 after purchasing an additional 5,244 shares in the last quarter. Stephens Inc. AR lifted its position in Dominion Energy by 4.7% during the 2nd quarter. Stephens Inc. AR now owns 184,541 shares of the utilities provider’s stock worth $14,269,000 after acquiring an additional 8,216 shares during the period. Hartford Financial Management Inc. lifted its position in Dominion Energy by 0.5% during the 2nd quarter. Hartford Financial Management Inc. now owns 42,785 shares of the utilities provider’s stock worth $3,308,000 after acquiring an additional 195 shares during the period. TRUE Private Wealth Advisors acquired a new stake in Dominion Energy during the 2nd quarter worth about $93,000. Finally, Amica Retiree Medical Trust lifted its position in Dominion Energy by 72.0% during the 2nd quarter. Amica Retiree Medical Trust now owns 5,245 shares of the utilities provider’s stock worth $406,000 after acquiring an additional 2,195 shares during the period. 63.99% of the stock is owned by hedge funds and other institutional investors.
D has been the subject of a number of research reports. ValuEngine cut Dominion Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, June 12th. Credit Suisse Group raised Dominion Energy from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 1st. Zacks Investment Research lowered Dominion Energy from a “hold” rating to a “sell” rating and set a $83.00 price objective for the company. in a research note on Thursday, July 4th. Bank of America upgraded Dominion Energy from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $79.00 to $80.00 in a research note on Thursday, June 13th. They noted that the move was a valuation call. Finally, TheStreet lowered Dominion Energy from a “b” rating to a “c+” rating in a research note on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $79.08.
NYSE:D traded up $1.04 during trading hours on Thursday, hitting $76.37. 101,834 shares of the stock were exchanged, compared to its average volume of 4,097,681. Dominion Energy Inc has a 52-week low of $67.41 and a 52-week high of $79.47. The business’s fifty day simple moving average is $76.41. The company has a current ratio of 0.60, a quick ratio of 0.42 and a debt-to-equity ratio of 1.38. The firm has a market cap of $60.52 billion, a P/E ratio of 18.84, a P/E/G ratio of 3.71 and a beta of 0.25.
Dominion Energy (NYSE:D) last posted its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.77 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.02. Dominion Energy had a return on equity of 11.74% and a net margin of 5.94%. The company had revenue of $3.97 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same period in the previous year, the business earned $0.86 EPS. Dominion Energy’s quarterly revenue was up 28.6% on a year-over-year basis. As a group, sell-side analysts expect that Dominion Energy Inc will post 4.14 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 6th will be issued a dividend of $0.9175 per share. This represents a $3.67 annualized dividend and a dividend yield of 4.81%. The ex-dividend date is Thursday, September 5th. Dominion Energy’s dividend payout ratio is currently 90.62%.
About Dominion Energy
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.
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