Pitcairn Co. decreased its position in Dominion Energy Inc (NYSE:D) by 8.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,963 shares of the utilities provider’s stock after selling 350 shares during the quarter. Pitcairn Co.’s holdings in Dominion Energy were worth $322,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of D. Brooktree Capital Management acquired a new stake in Dominion Energy in the first quarter valued at approximately $29,000. Larson Financial Group LLC grew its position in shares of Dominion Energy by 110.5% during the second quarter. Larson Financial Group LLC now owns 381 shares of the utilities provider’s stock worth $31,000 after buying an additional 200 shares in the last quarter. Ballast Advisors LLC acquired a new stake in shares of Dominion Energy during the first quarter worth approximately $35,000. Bellevue Asset Management LLC grew its position in shares of Dominion Energy by 50.0% during the first quarter. Bellevue Asset Management LLC now owns 450 shares of the utilities provider’s stock worth $35,000 after buying an additional 150 shares in the last quarter. Finally, Key Financial Inc acquired a new stake in shares of Dominion Energy during the first quarter worth approximately $38,000. 66.38% of the stock is owned by institutional investors.
D stock opened at $81.03 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.47 and a current ratio of 0.63. The stock has a market capitalization of $68.00 billion, a price-to-earnings ratio of 36.83, a PEG ratio of 7.45 and a beta of 0.42. Dominion Energy Inc has a 1 year low of $57.79 and a 1 year high of $90.89. The stock’s fifty day moving average is $79.88 and its two-hundred day moving average is $80.54.
Dominion Energy (NYSE:D) last posted its earnings results on Friday, July 31st. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. The company had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.99 billion. Dominion Energy had a return on equity of 11.97% and a net margin of 10.80%. The firm’s quarterly revenue was down 9.7% compared to the same quarter last year. During the same period last year, the business posted $0.77 earnings per share. As a group, analysts predict that Dominion Energy Inc will post 3.61 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Sunday, September 20th. Shareholders of record on Friday, September 4th will be paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 4.64%. Dominion Energy’s payout ratio is 88.68%.
A number of research firms have recently weighed in on D. Zacks Investment Research raised shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a research report on Wednesday, May 20th. Argus decreased their price target on shares of Dominion Energy from $87.00 to $80.00 in a research report on Tuesday, July 7th. Scotiabank raised their price target on shares of Dominion Energy from $84.00 to $86.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 7th. Wells Fargo & Co reissued a “hold” rating on shares of Dominion Energy in a research report on Friday. Finally, Morgan Stanley raised their price objective on Dominion Energy from $84.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 17th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $82.06.
About Dominion Energy
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.
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