Quent Capital LLC Cuts Stake in Dominion Energy, Inc. (NYSE:D)

Quent Capital LLC reduced its stake in shares of Dominion Energy, Inc. (NYSE:D) by 9.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,071 shares of the utilities provider’s stock after selling 317 shares during the quarter. Quent Capital LLC’s holdings in Dominion Energy were worth $150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in D. Venturi Wealth Management LLC grew its holdings in shares of Dominion Energy by 84.5% in the fourth quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 310 shares in the last quarter. Trust Point Inc. purchased a new position in shares of Dominion Energy in the fourth quarter valued at $497,000. Ballentine Partners LLC purchased a new position in shares of Dominion Energy in the fourth quarter valued at $530,000. International Assets Investment Management LLC grew its holdings in shares of Dominion Energy by 1,797.9% in the fourth quarter. International Assets Investment Management LLC now owns 165,917 shares of the utilities provider’s stock valued at $7,798,000 after purchasing an additional 157,175 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in shares of Dominion Energy by 59.2% in the fourth quarter. Allworth Financial LP now owns 13,324 shares of the utilities provider’s stock valued at $626,000 after purchasing an additional 4,957 shares in the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Trading Up 0.3 %

Shares of NYSE:D traded up $0.15 on Tuesday, hitting $54.19. 5,067,344 shares of the company’s stock were exchanged, compared to its average volume of 4,668,652. Dominion Energy, Inc. has a 12 month low of $39.18 and a 12 month high of $57.60. The stock has a market capitalization of $45.39 billion, a price-to-earnings ratio of 27.93, a price-to-earnings-growth ratio of 1.50 and a beta of 0.58. The business’s 50 day simple moving average is $51.27 and its two-hundred day simple moving average is $49.46. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.05 and a quick ratio of 0.94.

Dominion Energy (NYSE:D) last released its earnings results on Thursday, August 1st. The utilities provider reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.09. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.73 billion. Dominion Energy had a return on equity of 7.68% and a net margin of 11.63%. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period last year, the company earned $0.53 earnings per share. Analysts anticipate that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, August 30th will be issued a $0.6675 dividend. The ex-dividend date is Friday, August 30th. This represents a $2.67 annualized dividend and a dividend yield of 4.93%. Dominion Energy’s payout ratio is currently 137.63%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Wells Fargo & Company raised their target price on shares of Dominion Energy from $51.00 to $55.00 and gave the company an “equal weight” rating in a report on Friday, May 3rd. Mizuho lifted their price objective on shares of Dominion Energy from $45.00 to $52.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Scotiabank dropped their price objective on shares of Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. Evercore ISI lifted their price objective on shares of Dominion Energy from $47.00 to $53.00 and gave the stock an “in-line” rating in a research note on Friday, May 3rd. Finally, BMO Capital Markets lifted their price objective on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research note on Monday. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and a consensus target price of $52.18.

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.