Dominion Energy Inc. (NYSE:D) Shares Sold by Pettyjohn Wood & White Inc.

Key Points

• Pettyjohn Wood & White Inc. significantly reduced its holdings in Dominion Energy Inc. by 27.1%, owning 21,087 shares after selling 7,845 shares during the first quarter.
• Dominion Energy's earnings per share beat estimates at $0.93, reflecting a revenue growth of 12.2% year-over-year with a total revenue of $4.08 billion.
• The company announced a quarterly dividend of $0.6675 per share, resulting in an annualized dividend of $2.67 and a yield of 4.6%.

Pettyjohn Wood & White Inc. trimmed its holdings in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 27.1% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,087 shares of the utilities provider's stock after selling 7,845 shares during the quarter. Pettyjohn Wood & White Inc.'s holdings in Dominion Energy were worth $1,182,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Kayne Anderson Rudnick Investment Management LLC boosted 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 valued at $25,000 after buying an additional 378 shares during the last quarter. Orion Capital Management LLC acquired a new stake in shares of Dominion Energy in the 4th quarter valued at approximately $27,000. Park Square Financial Group LLC acquired a new stake in shares of Dominion Energy in the 4th quarter valued at approximately $27,000. VSM Wealth Advisory LLC acquired a new stake in shares of Dominion Energy in the 1st quarter valued at approximately $28,000. Finally, Navigoe LLC acquired a new stake in shares of Dominion Energy in the 4th quarter valued at approximately $29,000. 73.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on D. JPMorgan Chase & Co. increased their price objective on 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 price target on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Wednesday, June 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $58.88.

Dominion Energy Price Performance

NYSE:D traded down $0.01 during trading hours on Tuesday, reaching $61.12. The stock had a trading volume of 7,292,668 shares, compared to its average volume of 5,374,923. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.73. Dominion Energy Inc. has a 52 week low of $48.07 and a 52 week high of $61.97. The company has a 50 day moving average price of $56.79 and a two-hundred day moving average price of $55.43. The stock has a market capitalization of $52.12 billion, a PE ratio of 21.08, a PEG ratio of 1.31 and a beta of 0.57.

Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.77 by ($0.02). Dominion Energy had a net margin of 16.45% and a return on equity of 9.81%. The business had revenue of $3.81 billion for the quarter, compared to analysts' expectations of $3.73 billion. During the same quarter in the previous year, the firm earned $0.65 EPS. Dominion Energy's revenue was up 9.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

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 issued a $0.6675 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.4%. Dominion Energy's dividend payout ratio is currently 92.07%.

About Dominion Energy

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.