Dominion Energy Inc (NYSE:D) Shares Sold by TCI Wealth Advisors Inc.

TCI Wealth Advisors Inc. cut its holdings in shares of Dominion Energy Inc (NYSE:D) by 14.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,644 shares of the utilities provider’s stock after selling 614 shares during the period. TCI Wealth Advisors Inc.’s holdings in Dominion Energy were worth $282,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Global Trust Asset Management LLC lifted its position in shares of Dominion Energy by 455.1% during the second quarter. Global Trust Asset Management LLC now owns 21,817 shares of the utilities provider’s stock worth $321,000 after purchasing an additional 17,887 shares during the last quarter. World Asset Management Inc lifted its position in shares of Dominion Energy by 0.5% during the second quarter. World Asset Management Inc now owns 52,456 shares of the utilities provider’s stock worth $4,056,000 after purchasing an additional 258 shares during the last quarter. Atlantic Union Bankshares Corp lifted its position in shares of Dominion Energy by 77.5% during the second quarter. Atlantic Union Bankshares Corp now owns 187,735 shares of the utilities provider’s stock worth $14,516,000 after purchasing an additional 81,970 shares during the last quarter. Huntington National Bank lifted its position in shares of Dominion Energy by 2.2% during the second quarter. Huntington National Bank now owns 250,830 shares of the utilities provider’s stock worth $19,395,000 after purchasing an additional 5,381 shares during the last quarter. Finally, Strategic Investment Advisors MI lifted its position in shares of Dominion Energy by 12.3% during the second quarter. Strategic Investment Advisors MI now owns 6,115 shares of the utilities provider’s stock worth $473,000 after purchasing an additional 672 shares during the last quarter. Institutional investors own 63.83% of the company’s stock.

D has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Dominion Energy from a “hold” rating to a “sell” rating and set a $83.00 target price on the stock. in a report on Thursday, July 4th. Bank of America raised shares of Dominion Energy from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $79.00 to $80.00 in a report on Thursday, June 13th. They noted that the move was a valuation call. Wolfe Research raised shares of Dominion Energy from a “peer perform” rating to an “outperform” rating in a report on Thursday. TheStreet cut shares of Dominion Energy from a “b” rating to a “c+” rating in a report on Friday, May 3rd. Finally, ValuEngine cut shares of Dominion Energy from a “buy” rating to a “hold” rating in a report on Wednesday, June 12th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $78.91.

Shares of NYSE:D traded up $0.30 during trading hours on Friday, hitting $76.21. The stock had a trading volume of 2,266,247 shares, compared to its average volume of 2,876,021. The firm has a fifty day moving average price of $76.96. Dominion Energy Inc has a 1-year low of $67.41 and a 1-year high of $79.47. The firm has a market capitalization of $60.20 billion, a price-to-earnings ratio of 18.82, a price-to-earnings-growth ratio of 3.75 and a beta of 0.27. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.61 and a quick ratio of 0.44.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.77 EPS for the quarter, beating the 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 analyst estimates of $4.21 billion. During the same quarter last year, the business earned $0.86 earnings per share. Dominion Energy’s revenue was up 28.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Dominion Energy Inc will post 4.15 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be paid a $0.9175 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $3.67 annualized dividend and a dividend yield of 4.82%. Dominion Energy’s payout ratio is currently 90.62%.

Dominion Energy 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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