Dominion Energy, Inc. (NYSE:D) Stock Position Trimmed by Global Financial Private Client LLC

Global Financial Private Client LLC cut its position in Dominion Energy, Inc. (NYSE:D) by 3.8% during the 1st quarter, HoldingsChannel reports. The firm owned 16,441 shares of the utilities provider’s stock after selling 652 shares during the quarter. Global Financial Private Client LLC’s holdings in Dominion Energy were worth $922,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of D. Norges Bank bought a new stake in Dominion Energy during the fourth quarter worth approximately $473,354,000. American Century Companies Inc. raised its stake in shares of Dominion Energy by 207.7% in the 4th quarter. American Century Companies Inc. now owns 3,763,898 shares of the utilities provider’s stock worth $202,724,000 after buying an additional 2,540,713 shares in the last quarter. Marshall Wace LLP raised its stake in shares of Dominion Energy by 8,585.3% in the 4th quarter. Marshall Wace LLP now owns 2,210,322 shares of the utilities provider’s stock worth $119,048,000 after buying an additional 2,184,873 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Dominion Energy by 4.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 30,960,638 shares of the utilities provider’s stock worth $1,667,540,000 after buying an additional 1,459,926 shares in the last quarter. Finally, Zimmer Partners LP bought a new stake in shares of Dominion Energy in the 4th quarter worth $72,269,000. 73.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

D has been the topic of several research reports. UBS Group boosted their price target on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. Morgan Stanley dropped their price target on shares of Dominion Energy from $63.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 22nd. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $52.00 target price (down from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. Finally, Argus upgraded shares of Dominion Energy to a “hold” rating in a report on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and a consensus price target of $58.63.

Dominion Energy Price Performance

NYSE D opened at $56.01 on Friday. The stock’s 50-day moving average price is $54.26 and its two-hundred day moving average price is $54.98. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The company has a market cap of $47.76 billion, a PE ratio of 20.74, a PEG ratio of 1.22 and a beta of 0.57. Dominion Energy, Inc. has a 1 year low of $47.99 and a 1 year high of $61.97.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.11. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $3.95 billion. During the same quarter in the previous year, the business earned $0.55 earnings per share. The firm’s revenue was up 12.2% compared to the same quarter last year. On average, analysts predict that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 29th will be paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.77%. The ex-dividend date of this dividend is Thursday, May 29th. Dominion Energy’s dividend payout ratio (DPR) is currently 100.00%.

About Dominion Energy

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.