Dominion Energy Inc. (NYSE:D) Shares Sold by Invesco Ltd.

Key Points

• Invesco Ltd. reduced its stake in Dominion Energy by 0.9%, owning approximately 10,865,460 shares valued at $609 million after selling 93,865 shares in the first quarter.
• Dominion Energy declared a quarterly dividend of $0.6675 per share, with a dividend yield of 4.3%, payable on September 20th.
• Analysts have set a consensus rating of "Hold" for Dominion Energy stock, with an average target price of $59.14, amid mixed assessments from various financial institutions.

Invesco Ltd. cut its holdings in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 0.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,865,460 shares of the utilities provider's stock after selling 93,865 shares during the period. Invesco Ltd. owned approximately 1.27% of Dominion Energy worth $609,226,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in D. Sowell Financial Services LLC bought a new position in shares of Dominion Energy during the 1st quarter worth about $314,000. QRG Capital Management Inc. increased its position in Dominion Energy by 13.8% in the 1st quarter. QRG Capital Management Inc. now owns 8,971 shares of the utilities provider's stock valued at $503,000 after acquiring an additional 1,087 shares in the last quarter. Farther Finance Advisors LLC increased its position in Dominion Energy by 114.8% in the 1st quarter. Farther Finance Advisors LLC now owns 12,089 shares of the utilities provider's stock valued at $680,000 after acquiring an additional 6,462 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of Dominion Energy by 7.0% in the 1st quarter. Bessemer Group Inc. now owns 9,394 shares of the utilities provider's stock valued at $527,000 after purchasing an additional 616 shares during the last quarter. Finally, Golden State Wealth Management LLC boosted its stake in shares of Dominion Energy by 222.7% in the 1st quarter. Golden State Wealth Management LLC now owns 910 shares of the utilities provider's stock valued at $51,000 after purchasing an additional 628 shares during the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Stock Performance

D stock traded down $0.17 during trading on Tuesday, reaching $61.32. The stock had a trading volume of 3,460,617 shares, compared to its average volume of 4,979,400. Dominion Energy Inc. has a 52 week low of $48.07 and a 52 week high of $62.26. The stock's 50 day moving average is $57.38 and its two-hundred day moving average is $55.72. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. The firm has a market cap of $52.33 billion, a PE ratio of 21.14, a PEG ratio of 1.33 and a beta of 0.57.

Dominion Energy (NYSE:D - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.02). The firm had revenue of $3.81 billion for the quarter, compared to analysts' expectations of $3.73 billion. Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The business's quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.65 EPS. As a group, equities analysts anticipate that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, September 20th. Investors of record on Friday, September 5th will be paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.4%. The ex-dividend date is Friday, September 5th. Dominion Energy's payout ratio is 92.07%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on D shares. Morgan Stanley lowered their target price on shares of Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 18th. JPMorgan Chase & Co. upped their price target on shares of Dominion Energy from $53.00 to $56.00 and gave the company an "underweight" rating in a research note on Tuesday, July 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, Dominion Energy has a consensus rating of "Hold" and an average price target of $59.14.

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.