Tokio Marine Asset Management Co. Ltd. reduced its stake in shares of Dominion Energy Inc. (NYSE:D) by 11.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,842 shares of the utilities provider’s stock after selling 2,232 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Dominion Energy were worth $1,291,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Kanawha Capital Management LLC increased its stake in shares of Dominion Energy by 7.6% in the first quarter. Kanawha Capital Management LLC now owns 164,022 shares of the utilities provider’s stock valued at $12,723,000 after buying an additional 11,565 shares in the last quarter. Shell Asset Management Co. increased its stake in shares of Dominion Energy by 0.4% in the first quarter. Shell Asset Management Co. now owns 227,502 shares of the utilities provider’s stock valued at $17,647,000 after buying an additional 1,007 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Dominion Energy by 14.5% in the first quarter. Janney Montgomery Scott LLC now owns 130,503 shares of the utilities provider’s stock valued at $10,123,000 after buying an additional 16,515 shares in the last quarter. Penobscot Investment Management Company Inc. increased its stake in shares of Dominion Energy by 1.3% in the first quarter. Penobscot Investment Management Company Inc. now owns 3,825 shares of the utilities provider’s stock valued at $297,000 after buying an additional 50 shares in the last quarter. Finally, Court Place Advisors LLC increased its stake in shares of Dominion Energy by 1.0% in the first quarter. Court Place Advisors LLC now owns 2,918 shares of the utilities provider’s stock valued at $227,000 after buying an additional 28 shares in the last quarter. 64.48% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Dominion Energy Inc. (NYSE D) opened at 78.82 on Thursday. The stock has a market capitalization of $50.65 billion, a price-to-earnings ratio of 22.81 and a beta of 0.28. Dominion Energy Inc. has a 1-year low of $69.51 and a 1-year high of $81.65. The stock’s 50 day moving average is $77.53 and its 200 day moving average is $77.55.

Dominion Energy (NYSE:D) last released its earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.01. The firm had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Dominion Energy had a net margin of 17.48% and a return on equity of 14.04%. Dominion Energy’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the company earned $0.71 EPS. On average, equities analysts forecast that Dominion Energy Inc. will post $3.64 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.755 per share. The ex-dividend date is Wednesday, August 30th. This represents a $3.02 annualized dividend and a yield of 3.83%. Dominion Energy’s payout ratio is 87.28%.

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Several equities research analysts have weighed in on D shares. Zacks Investment Research raised Dominion Energy from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research report on Tuesday, July 11th. Morgan Stanley cut their price target on Dominion Energy from $81.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Monday, May 8th. Royal Bank Of Canada set a $77.00 price target on Dominion Energy and gave the stock a “hold” rating in a research report on Saturday, June 3rd. BidaskClub downgraded Dominion Energy from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Finally, Deutsche Bank AG increased their price target on Dominion Energy from $76.00 to $77.00 and gave the stock a “hold” rating in a research report on Thursday, August 3rd. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Dominion Energy has an average rating of “Hold” and a consensus price target of $80.57.

About Dominion Energy

Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.

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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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