Perella Weinberg Partners Capital Management LP Sells 3,849 Shares of Dominion Energy Inc (NYSE:D)

Perella Weinberg Partners Capital Management LP decreased its holdings in shares of Dominion Energy Inc (NYSE:D) by 15.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,374 shares of the utilities provider’s stock after selling 3,849 shares during the quarter. Perella Weinberg Partners Capital Management LP’s holdings in Dominion Energy were worth $1,575,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Trust Co. of Toledo NA OH lifted its position in shares of Dominion Energy by 0.4% in the 2nd quarter. Trust Co. of Toledo NA OH now owns 34,009 shares of the utilities provider’s stock worth $2,630,000 after acquiring an additional 131 shares during the period. 6 Meridian lifted its position in shares of Dominion Energy by 1.9% in the 2nd quarter. 6 Meridian now owns 7,011 shares of the utilities provider’s stock worth $542,000 after acquiring an additional 134 shares during the period. Valeo Financial Advisors LLC lifted its position in shares of Dominion Energy by 6.5% in the 1st quarter. Valeo Financial Advisors LLC now owns 2,231 shares of the utilities provider’s stock worth $171,000 after acquiring an additional 136 shares during the period. Dividend Assets Capital LLC lifted its position in shares of Dominion Energy by 2.4% in the 1st quarter. Dividend Assets Capital LLC now owns 5,848 shares of the utilities provider’s stock worth $448,000 after acquiring an additional 136 shares during the period. Finally, Versant Capital Management Inc lifted its position in shares of Dominion Energy by 12.8% in the 1st quarter. Versant Capital Management Inc now owns 1,232 shares of the utilities provider’s stock worth $94,000 after acquiring an additional 140 shares during the period. Hedge funds and other institutional investors own 63.83% of the company’s stock.

Several equities analysts recently commented on the company. Zacks Investment Research downgraded Dominion Energy from a “hold” rating to a “sell” rating and set a $83.00 target price for the company. in a research report on Thursday, July 4th. Wolfe Research upgraded Dominion Energy from a “peer perform” rating to an “outperform” rating in a research report on Thursday. TheStreet downgraded Dominion Energy from a “b” rating to a “c+” rating in a research report on Friday, May 3rd. ValuEngine downgraded Dominion Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, June 12th. Finally, Bank of America upgraded 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 research report on Thursday, June 13th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $78.91.

D stock traded up $0.11 during midday trading on Friday, reaching $76.02. 4,318,924 shares of the company’s stock traded hands, compared to its average volume of 3,093,913. The business has a 50-day moving average of $76.96. Dominion Energy Inc has a 1-year low of $67.41 and a 1-year high of $79.47. The stock has a market cap of $61.00 billion, a P/E ratio of 18.77, a price-to-earnings-growth ratio of 3.71 and a beta of 0.25. 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 (NYSE:D) last released its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.02. Dominion Energy had a return on equity of 12.17% and a net margin of 5.94%. The firm had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same period last year, the firm posted $0.86 EPS. The business’s revenue was up 28.6% on a year-over-year basis. On average, sell-side analysts anticipate that Dominion Energy Inc will post 4.15 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be issued 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 yield of 4.83%. Dominion Energy’s dividend payout ratio is 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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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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