Pacer Advisors Inc. lowered its stake in Dominion Energy Inc. (NYSE:D - Free Report) by 38.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,949 shares of the utilities provider's stock after selling 27,264 shares during the quarter. Pacer Advisors Inc.'s holdings in Dominion Energy were worth $2,408,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Dominion Energy by 450.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider's stock worth $25,000 after buying an additional 378 shares during the last quarter. Orion Capital Management LLC bought a new position in Dominion Energy during the 4th quarter valued at about $27,000. VSM Wealth Advisory LLC bought a new position in Dominion Energy during the 1st quarter valued at about $28,000. Park Square Financial Group LLC bought a new position in Dominion Energy during the 4th quarter valued at about $27,000. Finally, Navigoe LLC bought a new position in Dominion Energy during the 4th quarter valued at about $29,000. Hedge funds and other institutional investors own 73.04% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have commented on D. JPMorgan Chase & Co. upped their target price on shares of Dominion Energy from $53.00 to $56.00 and gave the stock an "underweight" rating in a research note on Tuesday, July 15th. Morgan Stanley decreased their target price 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. One equities 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $58.88.
Check Out Our Latest Stock Report on Dominion Energy
Dominion Energy Trading Up 3.3%
D stock traded up $1.93 during trading on Friday, reaching $60.38. 7,651,932 shares of the stock were exchanged, compared to its average volume of 5,352,334. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34. The business has a 50 day moving average price of $56.61 and a 200-day moving average price of $55.33. Dominion Energy Inc. has a 1 year low of $48.07 and a 1 year high of $61.97. The firm has a market capitalization of $51.49 billion, a price-to-earnings ratio of 22.61, a P/E/G ratio of 1.26 and a beta of 0.56.
Dominion Energy (NYSE:D - Get Free Report) last announced its quarterly earnings data 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). The business had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a net margin of 15.55% and a return on equity of 9.51%. The company's revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.65 EPS. On average, 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 declared a quarterly dividend, which will be paid on Saturday, September 20th. Shareholders of record on Friday, September 5th will be issued 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 100.00%.
Dominion Energy Company Profile
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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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