Point72 Asset Management L.P. Sells 413,500 Shares of Dominion Energy, Inc. (NYSE:D)

Point72 Asset Management L.P. lessened its stake in Dominion Energy, Inc. (NYSE:D) by 37.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 697,894 shares of the utilities provider’s stock after selling 413,500 shares during the period. Point72 Asset Management L.P. owned about 0.09% of Dominion Energy worth $53,012,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sittner & Nelson LLC bought a new stake in shares of Dominion Energy during the 4th quarter valued at about $30,000. First Personal Financial Services boosted its position in shares of Dominion Energy by 2,323.5% during the 1st quarter. First Personal Financial Services now owns 412 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 395 shares in the last quarter. Certified Advisory Corp acquired a new position in Dominion Energy during the 1st quarter worth approximately $31,000. JNBA Financial Advisors raised its stake in Dominion Energy by 569.1% during the 1st quarter. JNBA Financial Advisors now owns 455 shares of the utilities provider’s stock worth $35,000 after buying an additional 387 shares during the period. Finally, Orion Capital Management LLC acquired a new position in Dominion Energy during the 4th quarter worth approximately $38,000. Hedge funds and other institutional investors own 65.85% of the company’s stock.

Dominion Energy stock opened at $74.72 on Thursday. Dominion Energy, Inc. has a one year low of $67.85 and a one year high of $86.95. The stock has a fifty day moving average of $76.03. The company has a quick ratio of 0.44, a current ratio of 0.56 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $60.26 billion, a price-to-earnings ratio of 71.16, a P/E/G ratio of 2.92 and a beta of 0.35.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Tuesday, May 4th. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.01. Dominion Energy had a return on equity of 12.39% and a net margin of 6.01%. The company had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.68 billion. During the same quarter last year, the business posted $0.92 earnings per share. The firm’s revenue was down 1.7% compared to the same quarter last year. On average, research analysts forecast that Dominion Energy, Inc. will post 3.86 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, June 20th. Investors of record on Friday, June 4th were given a $0.63 dividend. The ex-dividend date of this dividend was Thursday, June 3rd. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.37%. Dominion Energy’s dividend payout ratio (DPR) is presently 71.19%.

A number of research firms recently weighed in on D. Credit Suisse Group upped their price target on Dominion Energy from $80.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 21st. KeyCorp increased their price objective on Dominion Energy from $82.00 to $83.00 and gave the stock an “overweight” rating in a research note on Tuesday. Scotiabank raised Dominion Energy from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $88.00 to $92.00 in a research note on Tuesday, July 6th. They noted that the move was a valuation call. Zacks Investment Research downgraded Dominion Energy from a “hold” rating to a “sell” rating and set a $80.00 price target for the company. in a research report on Wednesday, April 7th. Finally, Mizuho decreased their price target on Dominion Energy from $80.00 to $77.00 and set a “neutral” rating for the company in a research report on Tuesday, July 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $84.30.

Dominion Energy Company Profile

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.

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

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