Dominion Energy Inc. (NYSE:D) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. decreased its stake in Dominion Energy Inc. (NYSE:D) by 1.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,089 shares of the utilities provider’s stock after selling 716 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Dominion Energy were worth $3,481,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. JFS Wealth Advisors LLC lifted its stake in shares of Dominion Energy by 191.8% in the first quarter. JFS Wealth Advisors LLC now owns 823 shares of the utilities provider’s stock worth $46,000 after buying an additional 541 shares in the last quarter. TrueMark Investments LLC lifted its stake in shares of Dominion Energy by 12.2% in the first quarter. TrueMark Investments LLC now owns 80,406 shares of the utilities provider’s stock worth $4,508,000 after buying an additional 8,765 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Dominion Energy by 3.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 290,422 shares of the utilities provider’s stock worth $16,284,000 after buying an additional 10,915 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund lifted its stake in shares of Dominion Energy by 18.6% in the first quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 24,372 shares of the utilities provider’s stock worth $1,367,000 after buying an additional 3,817 shares in the last quarter. Finally, Cobblestone Asset Management LLC raised its stake in Dominion Energy by 15.1% during the first quarter. Cobblestone Asset Management LLC now owns 6,414 shares of the utilities provider’s stock worth $360,000 after purchasing an additional 842 shares during the period. 73.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on D. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $52.00 target price (down from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. Argus raised shares of Dominion Energy to a “hold” rating in a research note on Tuesday, March 25th. Morgan Stanley reduced their price target on shares of Dominion Energy from $62.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 18th. Finally, UBS Group boosted their price target on shares of Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Dominion Energy has an average rating of “Hold” and an average price target of $58.38.

Dominion Energy Trading Down 1.3%

Shares of D stock opened at $55.25 on Thursday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.73. The stock has a market capitalization of $47.12 billion, a P/E ratio of 20.69, a price-to-earnings-growth ratio of 1.22 and a beta of 0.56. The company has a 50 day moving average price of $55.06 and a 200 day moving average price of $54.69. Dominion Energy Inc. has a fifty-two week low of $47.99 and a fifty-two week high of $61.97.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.11. The firm had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $3.95 billion. Dominion Energy had a net margin of 15.55% and a return on equity of 9.51%. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.55 earnings per share. Equities research analysts predict that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Thursday, May 29th were given a dividend of $0.6675 per share. The ex-dividend date was Thursday, May 29th. This represents a $2.67 dividend on an annualized basis and a yield of 4.83%. Dominion Energy’s payout ratio is currently 100.00%.

Dominion Energy Company Profile

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.