Orrstown Financial Services Inc. Sells 1,195 Shares of Dominion Energy Inc (NYSE:D)

Orrstown Financial Services Inc. trimmed its holdings in shares of Dominion Energy Inc (NYSE:D) by 48.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,254 shares of the utilities provider’s stock after selling 1,195 shares during the quarter. Orrstown Financial Services Inc.’s holdings in Dominion Energy were worth $97,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Interactive Financial Advisors bought a new stake in Dominion Energy during the 1st quarter worth approximately $26,000. Massey Quick Simon & CO. LLC bought a new stake in shares of Dominion Energy in the 1st quarter valued at $27,000. Mark Sheptoff Financial Planning LLC boosted its stake in shares of Dominion Energy by 133.3% in the 1st quarter. Mark Sheptoff Financial Planning LLC now owns 350 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 200 shares during the last quarter. Rocky Mountain Advisers LLC bought a new stake in shares of Dominion Energy in the 1st quarter valued at $31,000. Finally, Lenox Wealth Management Inc. boosted its stake in shares of Dominion Energy by 294.1% in the 1st quarter. Lenox Wealth Management Inc. now owns 402 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 300 shares during the last quarter. 63.83% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:D traded up $0.86 during trading on Friday, reaching $76.77. The stock had a trading volume of 884,896 shares, compared to its average volume of 2,876,021. The business’s fifty day moving average is $76.96. The company has a current ratio of 0.61, a quick ratio of 0.44 and a debt-to-equity ratio of 1.35. Dominion Energy Inc has a 52 week low of $67.41 and a 52 week high of $79.47. The stock has a market capitalization of $60.20 billion, a PE ratio of 18.96, a price-to-earnings-growth ratio of 3.75 and a beta of 0.27.

Dominion Energy (NYSE:D) last released its earnings results on Wednesday, July 31st. The utilities provider reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.02. Dominion Energy had a net margin of 9.19% and a return on equity of 12.35%. The company had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter in the previous year, the company earned $0.86 EPS. Dominion Energy’s quarterly revenue was up 28.6% compared to the same quarter last year. As a group, research analysts predict that Dominion Energy Inc will post 4.15 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be given a dividend of $0.9175 per share. The ex-dividend date is Thursday, September 5th. This represents a $3.67 dividend on an annualized basis and a dividend yield of 4.78%. Dominion Energy’s payout ratio is presently 90.62%.

A number of research firms have recently commented on D. Zacks Investment Research lowered shares of Dominion Energy from a “hold” rating to a “sell” rating and set a $83.00 price objective on the stock. in a research note on Thursday, July 4th. TheStreet lowered shares of Dominion Energy from a “b” rating to a “c+” rating in a research note on Friday, May 3rd. Credit Suisse Group raised shares of Dominion Energy from a “neutral” rating to an “outperform” rating in a research note on Thursday. Bank of America raised shares of Dominion Energy from an “underperform” rating to a “neutral” rating and upped 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, Wolfe Research raised shares of Dominion Energy from a “peer perform” rating to an “outperform” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $78.91.

Dominion Energy Company Profile

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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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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