Cerity Partners LLC Sells 60,724 Shares of Dominion Energy Inc. (NYSE:D)

Cerity Partners LLC lessened its stake in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 24.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 184,773 shares of the utilities provider's stock after selling 60,724 shares during the period. Cerity Partners LLC's holdings in Dominion Energy were worth $10,360,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Dominion Energy in the fourth quarter valued at approximately $473,354,000. American Century Companies Inc. raised its holdings in shares of Dominion Energy by 207.7% during the 4th quarter. American Century Companies Inc. now owns 3,763,898 shares of the utilities provider's stock valued at $202,724,000 after purchasing an additional 2,540,713 shares in the last quarter. Marshall Wace LLP lifted its stake in shares of Dominion Energy by 8,585.3% in the 4th quarter. Marshall Wace LLP now owns 2,210,322 shares of the utilities provider's stock valued at $119,048,000 after purchasing an additional 2,184,873 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake 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 acquiring an additional 1,459,926 shares in the last quarter. Finally, Zimmer Partners LP bought a new position in shares of Dominion Energy in the 4th quarter valued at approximately $72,269,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Stock Down 1.2%

Shares of Dominion Energy stock traded down $0.66 on Tuesday, hitting $56.54. The company had a trading volume of 2,985,599 shares, compared to its average volume of 4,772,527. Dominion Energy Inc. has a twelve month low of $48.07 and a twelve month high of $61.97. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.73 and a quick ratio of 0.53. The stock has a 50-day moving average of $55.90 and a 200-day moving average of $54.98. The firm has a market capitalization of $48.22 billion, a P/E ratio of 21.18, a P/E/G ratio of 1.25 and a beta of 0.56.

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

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Thursday, May 29th were issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date was Thursday, May 29th. Dominion Energy's payout ratio is presently 100.00%.

Wall Street Analysts Forecast Growth

D has been the topic of several recent analyst reports. UBS Group lifted their price target on Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. JPMorgan Chase & Co. upped their price target on Dominion Energy from $53.00 to $56.00 and gave the company an "underweight" rating in a research report on Tuesday. Morgan Stanley dropped their price target on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating for the company in a report on Wednesday, June 18th. Finally, Argus upgraded shares of Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $58.88.

About Dominion Energy

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.