one8zero8 LLC trimmed its holdings in Dominion Energy Inc. (NYSE:D - Free Report) by 51.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,660 shares of the utilities provider's stock after selling 7,100 shares during the quarter. one8zero8 LLC's holdings in Dominion Energy were worth $373,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in D. Brighton Jones LLC raised its holdings in shares of Dominion Energy by 64.3% in the fourth 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 last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Dominion Energy by 10.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,345,714 shares of the utilities provider's stock valued at $73,651,000 after purchasing an additional 122,466 shares during the last quarter. UniSuper Management Pty Ltd grew its position in shares of Dominion Energy by 32.1% during the 4th quarter. UniSuper Management Pty Ltd now owns 69,151 shares of the utilities provider's stock worth $3,724,000 after buying an additional 16,784 shares during the period. NEOS Investment Management LLC raised its stake in shares of Dominion Energy by 31.5% during the fourth quarter. NEOS Investment Management LLC now owns 51,524 shares of the utilities provider's stock worth $2,775,000 after buying an additional 12,342 shares during the last quarter. Finally, Norges Bank acquired a new position in Dominion Energy in the fourth quarter valued at approximately $473,354,000. 73.04% of the stock is owned by institutional investors.
Dominion Energy Trading Up 0.1%
Shares of Dominion Energy stock traded up $0.03 during trading on Wednesday, hitting $58.69. The company's stock had a trading volume of 1,746,540 shares, compared to its average volume of 5,292,907. The stock has a 50-day moving average price of $56.52 and a two-hundred day moving average price of $55.27. Dominion Energy Inc. has a 52 week low of $48.07 and a 52 week high of $61.97. The stock has a market cap of $50.05 billion, a price-to-earnings ratio of 21.98, a price-to-earnings-growth ratio of 1.26 and a beta of 0.56. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.73 and a quick ratio of 0.53.
Dominion Energy (NYSE:D - Get Free Report) last issued its earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.11. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $3.95 billion. Dominion Energy had a net margin of 15.55% and a return on equity of 9.51%. Dominion Energy's revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.55 earnings per share. Equities research analysts anticipate that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.
Dominion Energy Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Thursday, May 29th were given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date was Thursday, May 29th. Dominion Energy's payout ratio is currently 100.00%.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their price target 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. Morgan Stanley decreased their target price on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 18th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $58.88.
Read Our Latest Stock Report on D
About Dominion Energy
(
Free Report)
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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