Dominion Energy Inc. (NYSE:D) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its holdings in Dominion Energy Inc. (NYSE:D - Free Report) by 3.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 822,230 shares of the utilities provider's stock after selling 33,371 shares during the period. Envestnet Asset Management Inc. owned approximately 0.10% of Dominion Energy worth $46,102,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Dominion Energy by 450.0% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 378 shares in the last quarter. Orion Capital Management LLC acquired a new stake in Dominion Energy during the 4th quarter valued at $27,000. Park Square Financial Group LLC acquired a new stake in Dominion Energy during the 4th quarter valued at $27,000. CBIZ Investment Advisory Services LLC grew its holdings in Dominion Energy by 100.4% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider's stock valued at $28,000 after purchasing an additional 260 shares in the last quarter. Finally, Navigoe LLC acquired a new stake in Dominion Energy during the 4th quarter valued at $29,000. Institutional investors and hedge funds own 73.04% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on D. UBS Group raised their price target on shares of Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a report on Friday, March 21st. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $52.00 price target (down from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. Morgan Stanley decreased their price objective on shares of 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 raised shares of Dominion Energy to a "hold" rating in a report on Tuesday, March 25th. One 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, Dominion Energy currently has a consensus rating of "Hold" and an average price target of $58.38.

Dominion Energy Trading Down 1.3%

Dominion Energy stock opened at $57.38 on Friday. The firm's 50-day moving average is $55.84 and its 200-day moving average is $54.94. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.73. Dominion Energy Inc. has a 1 year low of $48.07 and a 1 year high of $61.97. The company has a market cap of $48.94 billion, a P/E ratio of 21.49, a PEG ratio of 1.25 and a beta of 0.56.

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

Dominion Energy Announces Dividend

The company also recently disclosed 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 dividend payout ratio is presently 100.00%.

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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