Generali Investments Management Co LLC Cuts Position in Dominion Energy, Inc. (NYSE:D)

Generali Investments Management Co LLC trimmed its position in Dominion Energy, Inc. (NYSE:D - Free Report) by 19.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 35,854 shares of the utilities provider's stock after selling 8,924 shares during the period. Generali Investments Management Co LLC's holdings in Dominion Energy were worth $2,010,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of D. Cape Investment Advisory Inc. boosted 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 worth $25,000 after buying an additional 300 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake 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 in the last quarter. BankPlus Trust Department purchased a new position in Dominion Energy in the 4th quarter worth approximately $26,000. Fairway Wealth LLC purchased a new position in Dominion Energy in the 4th quarter worth approximately $27,000. Finally, Orion Capital Management LLC purchased a new position in Dominion Energy in the 4th quarter worth approximately $27,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

D has been the topic of a number of research reports. 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 from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. UBS Group raised their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Finally, Morgan Stanley decreased their target price on shares of Dominion Energy from $63.00 to $62.00 and set an "equal weight" rating on the stock in a research note 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, Dominion Energy presently has an average rating of "Hold" and an average target price of $58.63.

Dominion Energy Trading Down 0.3%

Shares of D stock traded down $0.19 during trading on Friday, hitting $55.81. 4,402,690 shares of the stock traded hands, compared to its average volume of 4,551,680. The firm has a market capitalization of $47.59 billion, a P/E ratio of 20.67, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The firm's fifty day moving average price is $54.45 and its 200-day moving average price is $54.96. Dominion Energy, Inc. has a 52-week low of $47.99 and a 52-week high of $61.97.

Dominion Energy (NYSE:D - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.93 EPS for the quarter, beating the consensus estimate of $0.82 by $0.11. The firm had revenue of $4.08 billion for the quarter, compared to analyst estimates of $3.95 billion. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. The business's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.55 EPS. As a group, research analysts forecast that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 29th will be given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date is Thursday, May 29th. Dominion Energy's payout ratio is 100.00%.

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.