Alps Advisors Inc. Sells 6,438 Shares of Dominion Energy Inc. (NYSE:D)

Alps Advisors Inc. reduced its stake in Dominion Energy Inc. (NYSE:D - Free Report) by 1.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 441,857 shares of the utilities provider's stock after selling 6,438 shares during the period. Alps Advisors Inc. owned approximately 0.05% of Dominion Energy worth $24,775,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in D. Vanguard Group Inc. raised its position in shares of Dominion Energy by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 89,513,956 shares of the utilities provider's stock valued at $4,821,222,000 after buying an additional 674,859 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Dominion Energy by 4.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 30,960,638 shares of the utilities provider's stock worth $1,667,540,000 after buying an additional 1,459,926 shares in the last quarter. Geode Capital Management LLC grew its position in Dominion Energy by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 18,477,121 shares of the utilities provider's stock valued at $997,034,000 after acquiring an additional 601,900 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Dominion Energy by 6.3% in the first quarter. Bank of New York Mellon Corp now owns 15,878,683 shares of the utilities provider's stock worth $890,318,000 after acquiring an additional 939,835 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Dominion Energy by 2.9% in the 4th quarter. Bank of America Corp DE now owns 11,946,195 shares of the utilities provider's stock valued at $643,422,000 after purchasing an additional 336,747 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company's stock.

Dominion Energy Stock Down 1.3%

Shares of D stock traded down $0.78 on Friday, reaching $57.38. 4,726,263 shares of the company were exchanged, compared to its average volume of 4,785,941. Dominion Energy Inc. has a one year low of $48.07 and a one year high of $61.97. The company has a market cap of $48.94 billion, a price-to-earnings ratio of 21.49, a PEG ratio of 1.25 and a beta of 0.56. The company has a 50-day moving average of $55.84 and a 200-day moving average of $54.95. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.73 and a quick ratio of 0.53.

Dominion Energy (NYSE:D - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.11. Dominion Energy had a return on equity of 9.51% and a net margin of 15.55%. The firm had revenue of $4.08 billion during the quarter, compared to analysts' expectations of $3.95 billion. During the same quarter last year, the firm posted $0.55 earnings per share. The company's revenue for the quarter was up 12.2% compared to the same quarter last year. Analysts anticipate that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Thursday, May 29th were given a $0.6675 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $2.67 annualized dividend and a yield of 4.65%. Dominion Energy's payout ratio is 100.00%.

Analyst Ratings Changes

D has been the subject of several research reports. Argus raised shares of Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $52.00 target price (down previously from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. Morgan Stanley cut their price target on shares of Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 18th. Finally, UBS Group upped their target price on Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a report on Friday, March 21st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $58.38.

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.