Oppenheimer Asset Management Inc. Lowers Position in Dominion Energy Inc. (NYSE:D)

Oppenheimer Asset Management Inc. lessened its holdings in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 5.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 124,089 shares of the utilities provider's stock after selling 6,756 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Dominion Energy were worth $6,958,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Brighton Jones LLC boosted 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 purchasing an additional 3,553 shares during the period. Sigma Planning Corp increased its position in shares of Dominion Energy by 3.9% during the fourth quarter. Sigma Planning Corp now owns 24,114 shares of the utilities provider's stock worth $1,299,000 after purchasing an additional 910 shares in the last quarter. TCW Group Inc. increased its position in shares of Dominion Energy by 2.6% during the fourth quarter. TCW Group Inc. now owns 11,748 shares of the utilities provider's stock worth $633,000 after purchasing an additional 294 shares in the last quarter. Howard Capital Management Inc. increased its position in shares of Dominion Energy by 17.0% during the fourth quarter. Howard Capital Management Inc. now owns 6,922 shares of the utilities provider's stock worth $373,000 after purchasing an additional 1,007 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new position in shares of Dominion Energy in the 4th quarter valued at $8,343,000. Hedge funds and other institutional investors own 73.04% of the company's stock.

Wall Street Analysts Forecast Growth

D has been the topic of several research reports. Argus raised Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. UBS Group upped their price target on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Morgan Stanley reduced their price target 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. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $52.00 price objective (down previously from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $58.38.

Dominion Energy Stock Up 0.1%

D stock traded up $0.04 during midday trading on Thursday, hitting $55.24. The company's stock had a trading volume of 5,695,093 shares, compared to its average volume of 4,706,659. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 1.34. Dominion Energy Inc. has a 52-week low of $47.99 and a 52-week high of $61.97. The firm has a market capitalization of $47.11 billion, a P/E ratio of 20.69, a PEG ratio of 1.22 and a beta of 0.56. The firm has a 50-day simple moving average of $55.06 and a 200-day simple moving average of $54.69.

Dominion Energy (NYSE:D - Get Free Report) last released its quarterly earnings data 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. Dominion Energy had a net margin of 15.55% and a return on equity of 9.51%. The business had revenue of $4.08 billion during the quarter, compared to analysts' expectations of $3.95 billion. During the same period in the previous year, the company earned $0.55 EPS. The company's revenue for the quarter was up 12.2% on a year-over-year basis. As a group, equities analysts forecast that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Thursday, May 29th were paid a $0.6675 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $2.67 dividend on an annualized basis and a yield of 4.83%. Dominion Energy's dividend payout ratio is presently 100.00%.

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.