SG Americas Securities LLC Sells 66,966 Shares of Dominion Energy Inc. (NYSE:D)

SG Americas Securities LLC trimmed its position in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 68.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,445 shares of the utilities provider's stock after selling 66,966 shares during the period. SG Americas Securities LLC's holdings in Dominion Energy were worth $1,763,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Cape Investment Advisory Inc. increased its holdings in Dominion Energy by 175.4% in the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider's stock valued at $25,000 after buying an additional 300 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its position in Dominion Energy by 450.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider's stock worth $25,000 after purchasing an additional 378 shares during the last quarter. BankPlus Trust Department bought a new stake in shares of Dominion Energy during the fourth quarter worth $26,000. Fairway Wealth LLC acquired a new position in Dominion Energy during the 4th quarter valued at about $27,000. Finally, Orion Capital Management LLC acquired a new position in Dominion Energy in the fourth quarter valued at approximately $27,000. Institutional investors own 73.04% of the company's stock.

Dominion Energy Stock Performance

Shares of D traded down $0.89 during trading hours on Tuesday, hitting $53.84. The company had a trading volume of 11,059,241 shares, compared to its average volume of 4,608,693. The firm has a market cap of $45.91 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 1.19 and a beta of 0.56. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 1.34. The business has a fifty day moving average of $54.80 and a 200-day moving average of $54.75. Dominion Energy Inc. has a 12 month low of $47.99 and a 12 month high of $61.97.

Dominion Energy (NYSE:D - Get Free Report) last issued 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 for the quarter, compared to analyst estimates of $3.95 billion. During the same period in the prior year, the firm posted $0.55 EPS. The company's revenue for the quarter was up 12.2% on a year-over-year basis. Equities analysts anticipate that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 29th will be given a dividend of $0.6675 per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $2.67 annualized dividend and a yield of 4.96%. Dominion Energy's dividend payout ratio is currently 100.00%.

Analysts Set New Price Targets

Several research firms recently weighed in on D. Argus raised shares of Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $52.00 target price (down previously from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. UBS Group boosted their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Finally, Morgan Stanley reduced their price target on Dominion Energy from $63.00 to $62.00 and set an "equal weight" rating for the company in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $58.63.

Dominion Energy 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.