Mizuho Securities USA LLC Has $3.77 Million Position in Dominion Energy Inc. (NYSE:D)

Key Points

• Mizuho Securities USA LLC cut its position in Dominion Energy Inc. by 15.5% in the first quarter, owning 67,259 shares valued at $3.77 million after selling 12,355 shares.
• Dominion Energy reported earnings of $0.75 per share, missing analyst expectations of $0.77, with revenue of $3.81 billion for the quarter, which was up 9.3% from the previous year.
• The company declared a quarterly dividend of $0.6675 per share, yielding 4.3%, with a payout ratio currently at 92.07%.

Mizuho Securities USA LLC cut its position in Dominion Energy Inc. (NYSE:D - Free Report) by 15.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,259 shares of the utilities provider's stock after selling 12,355 shares during the quarter. Mizuho Securities USA LLC's holdings in Dominion Energy were worth $3,771,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Manhattan West Asset Management LLC increased its position in Dominion Energy by 6.2% during the 1st quarter. Manhattan West Asset Management LLC now owns 77,236 shares of the utilities provider's stock worth $4,331,000 after purchasing an additional 4,511 shares in the last quarter. Lcnb Corp increased its position in Dominion Energy by 3.8% during the 1st quarter. Lcnb Corp now owns 6,048 shares of the utilities provider's stock worth $339,000 after purchasing an additional 220 shares in the last quarter. Townsquare Capital LLC increased its position in Dominion Energy by 10.4% during the 1st quarter. Townsquare Capital LLC now owns 17,296 shares of the utilities provider's stock worth $970,000 after purchasing an additional 1,625 shares in the last quarter. Zions Bancorporation National Association UT acquired a new position in Dominion Energy during the 1st quarter worth approximately $67,000. Finally, Morton Community Bank increased its position in Dominion Energy by 0.9% during the 1st quarter. Morton Community Bank now owns 48,372 shares of the utilities provider's stock worth $2,712,000 after purchasing an additional 427 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Trading Up 0.1%

D opened at $61.80 on Monday. Dominion Energy Inc. has a fifty-two week low of $48.07 and a fifty-two week high of $62.26. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.49. The firm has a market capitalization of $52.74 billion, a price-to-earnings ratio of 21.31, a PEG ratio of 1.34 and a beta of 0.57. The company's 50 day moving average price is $57.19 and its two-hundred day moving average price is $55.62.

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

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, September 20th. Stockholders of record on Friday, September 5th will be paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, September 5th. Dominion Energy's dividend payout ratio is currently 92.07%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on D shares. Morgan Stanley lowered 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 research report on Wednesday, June 18th. JPMorgan Chase & Co. upped their price objective on shares of Dominion Energy from $53.00 to $56.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 15th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, Dominion Energy currently has an average rating of "Hold" and an average target price 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.

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