DekaBank Deutsche Girozentrale Sells 28,878 Shares of Dominion Energy Inc. (NYSE:D)

DekaBank Deutsche Girozentrale decreased its stake in Dominion Energy Inc. (NYSE:D - Free Report) by 19.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 116,843 shares of the utilities provider's stock after selling 28,878 shares during the period. DekaBank Deutsche Girozentrale's holdings in Dominion Energy were worth $6,388,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Dominion Energy by 450.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider's stock valued at $25,000 after buying an additional 378 shares during the period. Orion Capital Management LLC purchased a new position in shares of Dominion Energy during the fourth quarter valued at $27,000. Park Square Financial Group LLC purchased a new position in shares of Dominion Energy during the fourth quarter valued at $27,000. CBIZ Investment Advisory Services LLC grew its holdings in shares of Dominion Energy by 100.4% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider's stock valued at $28,000 after buying an additional 260 shares in the last quarter. Finally, Navigoe LLC purchased a new position in Dominion Energy in the fourth quarter valued at about $29,000. Institutional investors own 73.04% of the company's stock.

Dominion Energy Trading Down 1.3%

D traded down $0.78 during mid-day trading on Friday, reaching $57.38. The stock had a trading volume of 4,726,263 shares, compared to its average volume of 4,785,941. The stock has a market capitalization of $48.94 billion, a P/E ratio of 21.49, a P/E/G ratio of 1.25 and a beta of 0.56. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.73. The firm's fifty day simple moving average is $55.84 and its two-hundred day simple moving average is $54.94. Dominion Energy Inc. has a 52 week low of $48.07 and a 52 week high of $61.97.

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 for the quarter, compared to analyst estimates of $3.95 billion. During the same period last year, the company earned $0.55 EPS. The business's quarterly revenue was up 12.2% compared to the same quarter last year. On average, equities analysts predict that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have commented on D. Morgan Stanley lowered their target price on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Wednesday, June 18th. JPMorgan Chase & Co. reissued an "underweight" rating and set a $52.00 price objective (down previously from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. UBS Group upped their price target on Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Finally, Argus upgraded Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. One investment 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.com, Dominion Energy has an average 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.