Quest Capital Management Inc. ADV Sells 328,918 Shares of Dominion Energy Inc (NYSE:D)

Quest Capital Management Inc. ADV trimmed its position in Dominion Energy Inc (NYSE:D) by 98.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 3,677 shares of the utilities provider’s stock after selling 328,918 shares during the quarter. Quest Capital Management Inc. ADV’s holdings in Dominion Energy were worth $284,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of D. Buckingham Asset Management LLC grew its position in Dominion Energy by 4.3% in the second quarter. Buckingham Asset Management LLC now owns 24,640 shares of the utilities provider’s stock worth $1,905,000 after acquiring an additional 1,025 shares in the last quarter. Usca Ria LLC purchased a new position in Dominion Energy in the second quarter worth about $7,933,000. Institute for Wealth Management LLC. grew its position in Dominion Energy by 3.3% in the second quarter. Institute for Wealth Management LLC. now owns 8,462 shares of the utilities provider’s stock worth $654,000 after acquiring an additional 272 shares in the last quarter. Eliot Finkel Investment Counsel LLC grew its position in Dominion Energy by 2.4% in the second quarter. Eliot Finkel Investment Counsel LLC now owns 42,535 shares of the utilities provider’s stock worth $3,289,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Whitener Capital Management Inc. grew its position in Dominion Energy by 1.4% in the second quarter. Whitener Capital Management Inc. now owns 18,084 shares of the utilities provider’s stock worth $1,398,000 after acquiring an additional 254 shares in the last quarter. 64.29% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms recently commented on D. Credit Suisse Group upgraded Dominion Energy from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 1st. Wolfe Research upgraded Dominion Energy from a “peer perform” rating to an “outperform” rating in a research report on Thursday, August 1st. Zacks Investment Research lowered Dominion Energy from a “hold” rating to a “sell” rating and set a $83.00 price target for the company. in a research report on Thursday, July 4th. ValuEngine lowered Dominion Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, June 12th. Finally, TheStreet lowered Dominion Energy from a “b” rating to a “c+” rating in a research report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $79.33.



Shares of NYSE:D traded down $0.79 during trading hours on Tuesday, hitting $77.00. 36,646 shares of the company’s stock traded hands, compared to its average volume of 4,457,025. Dominion Energy Inc has a 1 year low of $67.41 and a 1 year high of $79.47. The business has a fifty day moving average price of $76.39 and a 200-day moving average price of $75.79. The firm has a market capitalization of $62.21 billion, a P/E ratio of 19.07, a price-to-earnings-growth ratio of 3.84 and a beta of 0.25. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.60 and a quick ratio of 0.42.

Dominion Energy (NYSE:D) last announced its earnings results on Wednesday, July 31st. The utilities provider reported $0.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.02. Dominion Energy had a return on equity of 11.74% and a net margin of 5.94%. The business had revenue of $3.97 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same quarter in the previous year, the business earned $0.86 earnings per share. The company’s revenue for the quarter was up 28.6% compared to the same quarter last year. As a group, equities analysts predict that Dominion Energy Inc will post 4.14 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be given a dividend of $0.9175 per share. The ex-dividend date is Thursday, September 5th. This represents a $3.67 annualized dividend and a dividend yield of 4.77%. Dominion Energy’s dividend payout ratio (DPR) is presently 90.62%.

Dominion Energy Company Profile

Dominion Energy, Inc produces and transports energy. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities.

Further Reading: Oversold

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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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