Aigen Investment Management LP Has $1.65 Million Position in Dominion Energy Inc. (NYSE:D)

Key Points

• Aigen Investment Management LP has reduced its holdings in Dominion Energy Inc. by 39.6%, now owning 29,391 shares valued at approximately $1.65 million.
• JPMorgan Chase & Co. raised the target price for Dominion Energy from $53.00 to $56.00, while the stock currently has a consensus rating of "Hold" with a target price of $59.14.
• Dominion Energy announced a quarterly dividend of $0.6675 per share, representing a 4.3% yield with a payout ratio of 92.07%.

Aigen Investment Management LP reduced its holdings in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 39.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,391 shares of the utilities provider's stock after selling 19,254 shares during the period. Aigen Investment Management LP's holdings in Dominion Energy were worth $1,648,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Manhattan West Asset Management LLC lifted its holdings in Dominion Energy by 6.2% during the 1st quarter. Manhattan West Asset Management LLC now owns 77,236 shares of the utilities provider's stock valued at $4,331,000 after purchasing an additional 4,511 shares during the last quarter. Lcnb Corp lifted its holdings in Dominion Energy by 3.8% during the 1st quarter. Lcnb Corp now owns 6,048 shares of the utilities provider's stock valued at $339,000 after purchasing an additional 220 shares during the last quarter. Townsquare Capital LLC lifted its holdings in Dominion Energy by 10.4% during the 1st quarter. Townsquare Capital LLC now owns 17,296 shares of the utilities provider's stock valued at $970,000 after purchasing an additional 1,625 shares during the last quarter. Zions Bancorporation National Association UT bought a new position in Dominion Energy during the 1st quarter valued at about $67,000. Finally, Morton Community Bank lifted its holdings in Dominion Energy by 0.9% during the 1st quarter. Morton Community Bank now owns 48,372 shares of the utilities provider's stock valued at $2,712,000 after purchasing an additional 427 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

D has been the subject of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Dominion Energy from $53.00 to $56.00 and gave the stock an "underweight" rating in a research note on Tuesday, July 15th. Morgan Stanley dropped their target price on shares of Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $59.14.

Dominion Energy Stock Up 0.1%

Shares of NYSE:D opened at $61.80 on Monday. Dominion Energy Inc. has a one year low of $48.07 and a one year high of $62.26. The company has a 50 day moving average of $57.19 and a 200-day moving average of $55.62. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.49. The stock has a market cap of $52.74 billion, a price-to-earnings ratio of 21.31, a P/E/G ratio of 1.34 and a beta of 0.57.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The utilities provider reported $0.75 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.02). Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%. The business had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.73 billion. During the same quarter in the prior year, the firm earned $0.65 EPS. The firm's quarterly revenue was up 9.3% compared to the same quarter last year. On average, sell-side analysts forecast that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, September 20th. Investors of record on Friday, September 5th will be issued a dividend of $0.6675 per share. The ex-dividend date is Friday, September 5th. This represents a $2.67 dividend on an annualized basis and a yield of 4.3%. Dominion Energy's payout ratio is currently 92.07%.

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.

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