Dominion Energy Inc. (NYSE:D) Shares Sold by VCI Wealth Management LLC

VCI Wealth Management LLC trimmed its stake in Dominion Energy Inc. (NYSE:D - Free Report) by 62.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,471 shares of the utilities provider's stock after selling 20,581 shares during the quarter. VCI Wealth Management LLC's holdings in Dominion Energy were worth $699,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in D. Cadence Bank grew its holdings in shares of Dominion Energy by 2.0% during the fourth quarter. Cadence Bank now owns 9,561 shares of the utilities provider's stock valued at $515,000 after buying an additional 189 shares during the last quarter. Dynamic Advisor Solutions LLC increased its stake in Dominion Energy by 3.3% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 6,022 shares of the utilities provider's stock valued at $338,000 after buying an additional 193 shares during the last quarter. Centre Asset Management LLC boosted its stake in shares of Dominion Energy by 3.3% in the 1st quarter. Centre Asset Management LLC now owns 6,251 shares of the utilities provider's stock worth $350,000 after buying an additional 198 shares during the last quarter. Cornerstone Wealth Group LLC boosted its stake in shares of Dominion Energy by 1.1% in the 1st quarter. Cornerstone Wealth Group LLC now owns 18,229 shares of the utilities provider's stock worth $1,022,000 after buying an additional 202 shares during the last quarter. Finally, Verdence Capital Advisors LLC boosted its stake in shares of Dominion Energy by 4.6% in the 1st quarter. Verdence Capital Advisors LLC now owns 4,688 shares of the utilities provider's stock worth $263,000 after buying an additional 208 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Trading Up 1.5%

D traded up $0.86 on Tuesday, hitting $58.55. The company had a trading volume of 4,017,585 shares, compared to its average volume of 4,809,730. The firm has a market cap of $49.93 billion, a P/E ratio of 21.93, a PEG ratio of 1.25 and a beta of 0.56. Dominion Energy Inc. has a 1 year low of $48.07 and a 1 year high of $61.97. The company's fifty day moving average price is $56.09 and its 200 day moving average price is $55.07. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.82 by $0.11. Dominion Energy had a net margin of 15.55% and a return on equity of 9.51%. The company had revenue of $4.08 billion for the quarter, compared to analyst estimates of $3.95 billion. During the same period in the prior year, the firm earned $0.55 earnings per share. The business's revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, equities analysts expect 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 was paid on Friday, June 20th. Stockholders of record on Thursday, May 29th were given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date of this dividend was Thursday, May 29th. Dominion Energy's dividend payout ratio is currently 100.00%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Argus upgraded shares of Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. JPMorgan Chase & Co. increased their price target on shares of Dominion Energy from $53.00 to $56.00 and gave the stock an "underweight" rating in a report on Tuesday, July 15th. Finally, Morgan Stanley cut 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 note 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 stock presently has a consensus rating of "Hold" and an average target price of $58.88.

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.