Dominion Energy, Inc. (NYSE:D) Shares Sold by Hoese & Co LLP

Hoese & Co LLP lessened its holdings in shares of Dominion Energy, Inc. (NYSE:DGet Rating) by 9.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 5,927 shares of the utilities provider’s stock after selling 590 shares during the quarter. Dominion Energy comprises approximately 0.5% of Hoese & Co LLP’s holdings, making the stock its 27th largest position. Hoese & Co LLP’s holdings in Dominion Energy were worth $504,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in D. Norges Bank acquired a new position in Dominion Energy during the 4th quarter worth $319,198,000. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Dominion Energy by 1,885.3% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,082,089 shares of the utilities provider’s stock valued at $320,689,000 after buying an additional 3,876,471 shares during the period. BlackRock Inc. lifted its holdings in shares of Dominion Energy by 6.3% in the fourth quarter. BlackRock Inc. now owns 55,640,019 shares of the utilities provider’s stock valued at $4,371,081,000 after buying an additional 3,308,258 shares during the period. Capital Research Global Investors lifted its holdings in shares of Dominion Energy by 17.2% in the fourth quarter. Capital Research Global Investors now owns 18,060,658 shares of the utilities provider’s stock valued at $1,418,845,000 after buying an additional 2,649,044 shares during the period. Finally, Nuveen Asset Management LLC lifted its holdings in shares of Dominion Energy by 54.9% in the fourth quarter. Nuveen Asset Management LLC now owns 4,065,341 shares of the utilities provider’s stock valued at $319,374,000 after buying an additional 1,441,526 shares during the period. Institutional investors own 68.39% of the company’s stock.

D opened at $81.24 on Friday. The company has a market cap of $65.91 billion, a PE ratio of 22.69, a price-to-earnings-growth ratio of 3.02 and a beta of 0.41. The stock has a 50-day moving average of $81.13 and a 200-day moving average of $81.09. Dominion Energy, Inc. has a 52-week low of $70.37 and a 52-week high of $88.78. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.65 and a current ratio of 0.79.

Dominion Energy (NYSE:DGet Rating) last released its quarterly earnings results on Thursday, May 5th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.01). The company had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.31 billion. Dominion Energy had a return on equity of 12.99% and a net margin of 20.81%. The business’s revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.09 EPS. On average, research analysts predict that Dominion Energy, Inc. will post 4.11 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, June 20th. Investors of record on Friday, June 3rd were paid a dividend of $0.6675 per share. The ex-dividend date was Thursday, June 2nd. This represents a $2.67 annualized dividend and a yield of 3.29%. Dominion Energy’s payout ratio is 74.58%.

Several analysts have recently weighed in on D shares. Morgan Stanley cut their target price on Dominion Energy from $91.00 to $87.00 and set an “equal weight” rating on the stock in a research report on Monday, May 23rd. StockNews.com started coverage on Dominion Energy in a research report on Thursday, March 31st. They set a “hold” rating on the stock. UBS Group cut their target price on Dominion Energy from $99.00 to $90.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, KeyCorp boosted their target price on Dominion Energy from $90.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $84.57.

About Dominion Energy (Get Rating)

Dominion Energy, Inc produces and distributes energy. The company operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to residential, commercial, industrial, and governmental customers in Virginia and North Carolina.

Further Reading

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

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