Keybank National Association OH Sells 14,566 Shares of Dominion Energy Inc. (NYSE:D)

Keybank National Association OH reduced its stake in Dominion Energy Inc. (NYSE:D - Free Report) by 8.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 164,082 shares of the utilities provider's stock after selling 14,566 shares during the quarter. Keybank National Association OH's holdings in Dominion Energy were worth $9,200,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of D. Brighton Jones LLC boosted its stake in shares of Dominion Energy by 64.3% in the 4th quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider's stock valued at $489,000 after buying an additional 3,553 shares during the period. SVB Wealth LLC purchased a new stake in Dominion Energy in the fourth quarter valued at approximately $306,000. SRS Capital Advisors Inc. lifted its stake in Dominion Energy by 606.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 3,002 shares of the utilities provider's stock valued at $162,000 after buying an additional 2,577 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Dominion Energy in the fourth quarter valued at approximately $292,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Dominion Energy by 2.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,314,160 shares of the utilities provider's stock worth $286,221,000 after purchasing an additional 149,231 shares during the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Trading Down 0.7%

Dominion Energy stock traded down $0.40 during mid-day trading on Monday, hitting $56.46. 4,271,938 shares of the company's stock were exchanged, compared to its average volume of 4,764,199. The firm has a market capitalization of $48.15 billion, a P/E ratio of 21.15, a PEG ratio of 1.23 and a beta of 0.56. Dominion Energy Inc. has a fifty-two week low of $48.07 and a fifty-two week high of $61.97. 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 company's 50 day simple moving average is $55.63 and its 200-day simple moving average is $54.85.

Dominion Energy (NYSE:D - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $3.95 billion. During the same quarter last year, the business 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 anticipate that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Thursday, May 29th were issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date was Thursday, May 29th. Dominion Energy's payout ratio is currently 100.00%.

Analyst Ratings Changes

Several research firms have issued reports on D. Morgan Stanley cut their price objective on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 18th. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $52.00 price target (down from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. UBS Group raised their price objective on Dominion Energy from $58.00 to $60.00 and gave the stock 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 assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $58.38.

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.