Prosperity Consulting Group LLC Sells 1,262 Shares of Dominion Energy Inc. (NYSE:D)

Prosperity Consulting Group LLC cut its position in shares of Dominion Energy Inc. (NYSE:D) by 8.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,243 shares of the utilities provider’s stock after selling 1,262 shares during the quarter. Prosperity Consulting Group LLC’s holdings in Dominion Energy were worth $799,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in D. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Dominion Energy by 450.0% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider’s stock valued at $25,000 after buying an additional 378 shares in the last quarter. Orion Capital Management LLC bought a new stake in Dominion Energy during the fourth quarter worth about $27,000. Park Square Financial Group LLC purchased a new stake in Dominion Energy in the fourth quarter worth about $27,000. VSM Wealth Advisory LLC bought a new position in shares of Dominion Energy during the first quarter valued at approximately $28,000. Finally, Navigoe LLC bought a new stake in shares of Dominion Energy in the 4th quarter worth approximately $29,000. 73.04% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

D has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their price objective on Dominion Energy from $53.00 to $56.00 and gave the company an “underweight” rating in a research note on Tuesday, July 15th. Morgan Stanley reduced their price target on Dominion Energy from $62.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, June 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Dominion Energy has an average rating of “Hold” and a consensus price target of $58.88.

Dominion Energy Trading Up 1.1%

Shares of NYSE:D opened at $58.66 on Wednesday. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.73 and a quick ratio of 0.53. Dominion Energy Inc. has a 1 year low of $48.07 and a 1 year high of $61.97. The company has a market cap of $50.02 billion, a P/E ratio of 21.97, a PEG ratio of 1.26 and a beta of 0.56. The stock’s fifty day moving average price is $56.52 and its 200-day moving average price is $55.27.

Dominion Energy (NYSE:D) last posted its earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.11. Dominion Energy had a net margin of 15.55% and a return on equity of 9.51%. The business had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $3.95 billion. During the same quarter in the prior year, the business earned $0.55 EPS. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. Sell-side analysts expect that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Thursday, May 29th were paid a dividend of $0.6675 per share. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $2.67 dividend on an annualized basis and a yield of 4.55%. Dominion Energy’s dividend payout ratio is presently 100.00%.

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.