Dominion Energy Inc. (NYSE:D) Shares Sold by Vestcor Inc

Key Points

• Vestcor Inc has decreased its holdings in Dominion Energy Inc. by 12.3%, selling 4,822 shares, leaving it with a total of 34,261 shares valued at approximately $1.92 million.
• Several other institutional investors have adjusted their positions in Dominion Energy, with some, like Farther Finance Advisors LLC, increasing their stakes significantly by as much as 114.8%.
• Dominion Energy recently announced a quarterly dividend of $0.6675, reflecting a dividend yield of 4.6%, with a payout ratio currently at 100%.

Vestcor Inc trimmed its holdings in Dominion Energy Inc. (NYSE:D - Free Report) by 12.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,261 shares of the utilities provider's stock after selling 4,822 shares during the quarter. Vestcor Inc's holdings in Dominion Energy were worth $1,921,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Sowell Financial Services LLC acquired a new stake in shares of Dominion Energy during the 1st quarter worth $314,000. QRG Capital Management Inc. grew its holdings in Dominion Energy by 13.8% during the 1st quarter. QRG Capital Management Inc. now owns 8,971 shares of the utilities provider's stock worth $503,000 after acquiring an additional 1,087 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Dominion Energy by 114.8% in the first quarter. Farther Finance Advisors LLC now owns 12,089 shares of the utilities provider's stock worth $680,000 after purchasing an additional 6,462 shares during the period. Bessemer Group Inc. boosted its holdings in shares of Dominion Energy by 7.0% in the 1st quarter. Bessemer Group Inc. now owns 9,394 shares of the utilities provider's stock valued at $527,000 after buying an additional 616 shares during the period. Finally, Golden State Wealth Management LLC boosted its position in Dominion Energy by 222.7% during the 1st quarter. Golden State Wealth Management LLC now owns 910 shares of the utilities provider's stock valued at $51,000 after purchasing an additional 628 shares during the period. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Stock Up 0.0%

NYSE:D traded up $0.02 on Tuesday, reaching $61.15. 6,794,675 shares of the stock traded hands, compared to its average volume of 5,370,435. The company has a market capitalization of $52.15 billion, a price-to-earnings ratio of 21.10, a PEG ratio of 1.31 and a beta of 0.57. 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 company's fifty day simple moving average is $56.79 and its 200 day simple moving average is $55.43. Dominion Energy Inc. has a 12 month low of $48.07 and a 12 month high of $61.97.

Dominion Energy (NYSE:D - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.02). The company had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.73 billion. Dominion Energy had a net margin of 16.45% and a return on equity of 9.81%. The business's revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 EPS. Equities analysts predict that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, September 20th. Investors of record on Friday, September 5th will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Friday, September 5th. Dominion Energy's payout ratio is presently 92.07%.

Analyst Ratings Changes

D has been the subject of a number of research analyst reports. 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 research report on Tuesday, July 15th. Morgan Stanley lowered their price target on shares of Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 18th. One 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 data from MarketBeat.com, Dominion Energy has a consensus rating of "Hold" and a consensus price target of $58.88.

Dominion Energy 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.