Dominion Energy Inc (NYSE:D) Shares Sold by Regentatlantic Capital LLC

Regentatlantic Capital LLC lessened its stake in Dominion Energy Inc (NYSE:D) by 3.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,354 shares of the utilities provider’s stock after selling 425 shares during the quarter. Regentatlantic Capital LLC’s holdings in Dominion Energy were worth $801,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. increased its stake in shares of Dominion Energy by 5.3% in the 1st quarter. Principal Financial Group Inc. now owns 1,130,434 shares of the utilities provider’s stock valued at $86,659,000 after purchasing an additional 56,839 shares in the last quarter. Comerica Bank increased its stake in shares of Dominion Energy by 28.8% in the 1st quarter. Comerica Bank now owns 237,292 shares of the utilities provider’s stock valued at $17,994,000 after purchasing an additional 53,038 shares in the last quarter. CIBC Private Wealth Group LLC increased its stake in shares of Dominion Energy by 17.1% in the 1st quarter. CIBC Private Wealth Group LLC now owns 24,354 shares of the utilities provider’s stock valued at $1,867,000 after purchasing an additional 3,550 shares in the last quarter. ZWJ Investment Counsel Inc. increased its stake in shares of Dominion Energy by 20.9% in the 1st quarter. ZWJ Investment Counsel Inc. now owns 5,033 shares of the utilities provider’s stock valued at $386,000 after purchasing an additional 869 shares in the last quarter. Finally, Spectrum Management Group Inc. purchased a new position in shares of Dominion Energy in the 1st quarter valued at about $40,000. 63.83% of the stock is owned by institutional investors and hedge funds.

NYSE:D traded up $0.11 during trading hours on Friday, hitting $76.02. 4,318,924 shares of the stock were exchanged, compared to its average volume of 3,369,601. 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 $76.96. The company has a current ratio of 0.61, a quick ratio of 0.44 and a debt-to-equity ratio of 1.35. The firm has a market cap of $60.91 billion, a P/E ratio of 18.77, a P/E/G ratio of 3.79 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 12.17% 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be paid a dividend of $0.9175 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $3.67 annualized dividend and a yield of 4.83%. Dominion Energy’s dividend payout ratio (DPR) is currently 90.62%.

Several equities analysts recently weighed in on the company. Credit Suisse Group upgraded Dominion Energy from a “neutral” rating to an “outperform” rating in a research note on Thursday. ValuEngine lowered Dominion Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, June 12th. Bank of America upgraded Dominion Energy from an “underperform” rating to a “neutral” rating and lifted their price target 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. KeyCorp assumed coverage on Dominion Energy in a research note on Tuesday, June 4th. They issued a “sector weight” rating for the company. Finally, Zacks Investment Research lowered Dominion Energy from a “hold” rating to a “sell” rating and set a $83.00 price target for the company. in a research note on Thursday, July 4th. 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 stock has an average rating of “Hold” and an average price target of $78.91.

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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