Bank of New York Mellon Corp lessened its holdings in Dominion Energy Inc. (NYSE:D) by 4.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,539,675 shares of the utilities provider’s stock after selling 283,918 shares during the period. Bank of New York Mellon Corp owned 0.88% of Dominion Energy worth $424,506,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. State of Wisconsin Investment Board raised its position in shares of Dominion Energy by 41.9% in the second quarter. State of Wisconsin Investment Board now owns 677,595 shares of the utilities provider’s stock worth $51,924,000 after buying an additional 200,080 shares in the last quarter. WASHINGTON TRUST Co raised its position in shares of Dominion Energy by 1.4% in the second quarter. WASHINGTON TRUST Co now owns 95,445 shares of the utilities provider’s stock worth $7,314,000 after buying an additional 1,328 shares in the last quarter. Fiduciary Financial Services of The Southwest Inc. TX raised its position in shares of Dominion Energy by 5.1% in the second quarter. Fiduciary Financial Services of The Southwest Inc. TX now owns 40,119 shares of the utilities provider’s stock worth $3,074,000 after buying an additional 1,941 shares in the last quarter. Morningstar Investment Services LLC raised its position in shares of Dominion Energy by 8.5% in the second quarter. Morningstar Investment Services LLC now owns 631,343 shares of the utilities provider’s stock worth $48,380,000 after buying an additional 49,563 shares in the last quarter. Finally, Wrapmanager Inc. raised its position in shares of Dominion Energy by 15.7% in the second quarter. Wrapmanager Inc. now owns 24,484 shares of the utilities provider’s stock worth $1,876,000 after buying an additional 3,322 shares in the last quarter. Institutional investors own 64.49% of the company’s stock.

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A number of research analysts recently commented on D shares. Zacks Investment Research raised Dominion Energy from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. KeyCorp reissued a “hold” rating on shares of Dominion Energy in a research note on Friday, September 1st. BidaskClub cut Dominion Energy from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Citigroup Inc. reduced their target price on Dominion Energy from $78.00 to $76.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 26th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $77.00 target price on shares of Dominion Energy in a research note on Monday, August 21st. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $80.57.

Dominion Energy Inc. (D) opened at 78.07 on Thursday. Dominion Energy Inc. has a 1-year low of $69.51 and a 1-year high of $81.65. The company has a 50-day moving average price of $78.31 and a 200-day moving average price of $78.00. The company has a market cap of $50.17 billion, a PE ratio of 22.60 and a beta of 0.29.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 EPS for the quarter, topping the consensus estimate of $0.66 by $0.01. The business 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%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.71 EPS. On average, analysts expect that Dominion Energy Inc. will post $3.64 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Friday, September 1st will be paid a $0.755 dividend. This represents a $3.02 annualized dividend and a yield of 3.87%. The ex-dividend date is Wednesday, August 30th. Dominion Energy’s payout ratio is currently 87.28%.

Dominion Energy Profile

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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