Sigma Planning Corp reduced its stake in shares of Dominion Energy, Inc. (NYSE:D – Get Rating) by 4.3% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 30,494 shares of the utilities provider’s stock after selling 1,374 shares during the quarter. Sigma Planning Corp’s holdings in Dominion Energy were worth $2,591,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of D. Accurate Wealth Management LLC lifted its stake in Dominion Energy by 4.2% in the fourth quarter. Accurate Wealth Management LLC now owns 3,137 shares of the utilities provider’s stock valued at $241,000 after acquiring an additional 125 shares during the last quarter. Rothschild Investment Corp IL lifted its stake in shares of Dominion Energy by 0.5% in the first quarter. Rothschild Investment Corp IL now owns 23,885 shares of the utilities provider’s stock worth $2,030,000 after buying an additional 127 shares during the last quarter. Pinnacle Associates Ltd. lifted its stake in shares of Dominion Energy by 0.4% in the fourth quarter. Pinnacle Associates Ltd. now owns 36,300 shares of the utilities provider’s stock worth $2,852,000 after buying an additional 128 shares during the last quarter. Capital Advisors Ltd. LLC lifted its stake in shares of Dominion Energy by 4.4% in the fourth quarter. Capital Advisors Ltd. LLC now owns 3,035 shares of the utilities provider’s stock worth $238,000 after buying an additional 129 shares during the last quarter. Finally, Delta Asset Management LLC TN lifted its stake in shares of Dominion Energy by 1.4% in the fourth quarter. Delta Asset Management LLC TN now owns 9,289 shares of the utilities provider’s stock worth $730,000 after buying an additional 129 shares during the last quarter. Institutional investors own 68.39% of the company’s stock.
D has been the topic of a number of research reports. StockNews.com initiated coverage on shares of Dominion Energy in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Morgan Stanley dropped their target price on shares of Dominion Energy from $91.00 to $87.00 and set an “equal weight” rating on the stock in a research report on Monday, May 23rd. Finally, KeyCorp boosted their target price on shares of Dominion Energy from $90.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Dominion Energy has a consensus rating of “Hold” and an average price target of $85.71.
Dominion Energy (NYSE:D – Get Rating) last announced its quarterly earnings results on Thursday, May 5th. The utilities provider reported $1.18 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.01). Dominion Energy had a net margin of 20.81% and a return on equity of 12.99%. The company had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.31 billion. During the same period last year, the company earned $1.09 earnings per share. The business’s revenue was up 10.6% compared to the same quarter last year. Sell-side analysts anticipate that Dominion Energy, Inc. will post 4.11 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, June 20th. Stockholders of record on Friday, June 3rd were paid a dividend of $0.6675 per share. The ex-dividend date was Thursday, June 2nd. This represents a $2.67 annualized dividend and a dividend yield of 3.51%. Dominion Energy’s dividend payout ratio is currently 74.58%.
About Dominion Energy (Get Rating)
Dominion Energy, Inc produces and distributes energy. The company operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to residential, commercial, industrial, and governmental customers in Virginia and North Carolina.
- Get a free copy of the StockNews.com research report on Dominion Energy (D)
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