Sei Investments Co. lessened its holdings in Dominion Energy Inc (NYSE:D) by 13.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 146,956 shares of the utilities provider’s stock after selling 22,292 shares during the period. Sei Investments Co.’s holdings in Dominion Energy were worth $11,896,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Larson Financial Group LLC lifted its stake in shares of Dominion Energy by 110.5% in the 2nd quarter. Larson Financial Group LLC now owns 381 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 200 shares during the last quarter. Bellevue Asset Management LLC lifted its stake in shares of Dominion Energy by 50.0% in the 1st quarter. Bellevue Asset Management LLC now owns 450 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 150 shares during the last quarter. Blue Square Asset Management LLC acquired a new position in shares of Dominion Energy in the 2nd quarter valued at $39,000. Prestige Wealth Management Group LLC lifted its stake in shares of Dominion Energy by 35.1% in the 1st quarter. Prestige Wealth Management Group LLC now owns 520 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 135 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Dominion Energy in the 1st quarter valued at $42,000. 66.53% of the stock is currently owned by institutional investors and hedge funds.
D has been the topic of several research reports. Argus lowered Dominion Energy from a “buy” rating to a “hold” rating in a research note on Monday, August 17th. JPMorgan Chase & Co. decreased their target price on Dominion Energy from $87.00 to $85.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 27th. UBS Group reissued a “buy” rating and set a $92.00 target price on shares of Dominion Energy in a research note on Monday, July 6th. Morgan Stanley increased their target price on Dominion Energy from $84.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 17th. Finally, Wells Fargo & Company reissued a “hold” rating on shares of Dominion Energy in a research note on Friday, July 31st. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $82.00.
Shares of NYSE D opened at $81.33 on Wednesday. The stock’s 50-day moving average is $79.32 and its two-hundred day moving average is $79.09. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.64 and a quick ratio of 0.46. Dominion Energy Inc has a 1-year low of $57.79 and a 1-year high of $90.89. The company has a market cap of $67.97 billion, a price-to-earnings ratio of 109.32, a price-to-earnings-growth ratio of 6.24 and a beta of 0.37.
Dominion Energy (NYSE:D) last released its quarterly earnings data on Friday, July 31st. The utilities provider reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. Dominion Energy had a return on equity of 12.09% and a net margin of 3.77%. The business had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.99 billion. During the same quarter in the prior year, the business posted $0.77 EPS. The business’s revenue for the quarter was down 9.7% on a year-over-year basis. Equities research analysts anticipate that Dominion Energy Inc will post 3.62 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, September 20th. Stockholders of record on Friday, September 4th will be issued a $0.94 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $3.76 dividend on an annualized basis and a dividend yield of 4.62%. Dominion Energy’s payout ratio is currently 88.68%.
In other news, CEO Thomas F. Farrell II sold 50,000 shares of the stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $80.63, for a total value of $4,031,500.00. Following the transaction, the chief executive officer now owns 1,101,044 shares in the company, valued at approximately $88,777,177.72. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.26% of the company’s stock.
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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