Fmr LLC Sells 80,871 Shares of Dominion Energy, Inc. (NYSE:D)

Fmr LLC decreased its stake in Dominion Energy, Inc. (NYSE:DGet Rating) by 0.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,316,986 shares of the utilities provider’s stock after selling 80,871 shares during the period. Fmr LLC owned 1.72% of Dominion Energy worth $1,142,638,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Accurate Wealth Management LLC grew its position in Dominion Energy by 4.0% in the 1st quarter. Accurate Wealth Management LLC now owns 3,261 shares of the utilities provider’s stock worth $277,000 after purchasing an additional 124 shares in the last quarter. Sheaff Brock Investment Advisors LLC grew its position in Dominion Energy by 3.0% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 4,250 shares of the utilities provider’s stock worth $361,000 after purchasing an additional 125 shares in the last quarter. Congress Asset Management Co. MA grew its position in Dominion Energy by 3.6% in the 2nd quarter. Congress Asset Management Co. MA now owns 3,570 shares of the utilities provider’s stock worth $285,000 after purchasing an additional 125 shares in the last quarter. Hartford Financial Management Inc. boosted its stake in Dominion Energy by 0.3% in the first quarter. Hartford Financial Management Inc. now owns 45,300 shares of the utilities provider’s stock valued at $3,849,000 after acquiring an additional 128 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV boosted its stake in Dominion Energy by 1.2% in the first quarter. Nations Financial Group Inc. IA ADV now owns 10,630 shares of the utilities provider’s stock valued at $903,000 after acquiring an additional 128 shares during the last quarter. Institutional investors own 69.75% of the company’s stock.

Dominion Energy Trading Up 1.3 %

Shares of D stock traded up $0.78 on Thursday, hitting $61.03. 3,608,921 shares of the company’s stock traded hands, compared to its average volume of 6,750,775. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.57 and a current ratio of 0.71. Dominion Energy, Inc. has a one year low of $57.95 and a one year high of $88.78. The company’s fifty day simple moving average is $68.04 and its 200 day simple moving average is $76.56. The stock has a market capitalization of $50.86 billion, a price-to-earnings ratio of 21.87, a P/E/G ratio of 2.56 and a beta of 0.46.

Dominion Energy (NYSE:DGet Rating) last released its earnings results on Friday, November 4th. The utilities provider reported $1.11 EPS for the quarter, beating the consensus estimate of $1.08 by $0.03. Dominion Energy had a net margin of 14.73% and a return on equity of 12.84%. The company had revenue of $4.39 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same quarter last year, the firm earned $1.11 EPS. The firm’s quarterly revenue was up 38.1% compared to the same quarter last year. Equities analysts forecast that Dominion Energy, Inc. will post 4.11 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 20th. Stockholders of record on Friday, December 2nd will be given a $0.6675 dividend. The ex-dividend date is Thursday, December 1st. This represents a $2.67 annualized dividend and a dividend yield of 4.37%. Dominion Energy’s dividend payout ratio is 95.70%.

Analysts Set New Price Targets

A number of research firms have weighed in on D. Seaport Res Ptn reiterated a “neutral” rating on shares of Dominion Energy in a research note on Thursday, October 6th. Maxim Group assumed coverage on shares of Dominion Energy in a research note on Friday, November 4th. They set a “hold” rating on the stock. Mizuho dropped their price target on shares of Dominion Energy from $81.00 to $71.00 and set a “neutral” rating on the stock in a research note on Thursday, October 6th. TheStreet cut shares of Dominion Energy from a “b-” rating to a “c+” rating in a research note on Thursday, October 6th. Finally, UBS Group cut shares of Dominion Energy from a “buy” rating to a “neutral” rating and dropped their price target for the company from $83.00 to $73.00 in a research note on Monday, November 7th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $75.08.

Dominion Energy Profile

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Dominion Energy, Inc produces and distributes energy in the United States. 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 approximately 2.7 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.

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

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