Compass Wealth Management LLC Trims Position in Dominion Energy, Inc. (NYSE:D)

Compass Wealth Management LLC decreased its stake in shares of Dominion Energy, Inc. (NYSE:D) by 37.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 900 shares of the utilities provider’s stock after selling 546 shares during the quarter. Compass Wealth Management LLC’s holdings in Dominion Energy were worth $44,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its position in Dominion Energy by 9.0% during the third quarter. JPMorgan Chase & Co. now owns 23,394,919 shares of the utilities provider’s stock valued at $1,045,051,000 after purchasing an additional 1,928,823 shares during the last quarter. Wellington Management Group LLP lifted its position in Dominion Energy by 13.2% during the fourth quarter. Wellington Management Group LLP now owns 18,493,273 shares of the utilities provider’s stock valued at $869,184,000 after purchasing an additional 2,153,488 shares during the last quarter. Capital Research Global Investors lifted its position in Dominion Energy by 136.5% during the fourth quarter. Capital Research Global Investors now owns 17,970,856 shares of the utilities provider’s stock valued at $844,630,000 after purchasing an additional 10,370,768 shares during the last quarter. Northern Trust Corp lifted its position in Dominion Energy by 2.7% during the third quarter. Northern Trust Corp now owns 8,527,408 shares of the utilities provider’s stock valued at $380,919,000 after purchasing an additional 220,238 shares during the last quarter. Finally, Federated Hermes Inc. lifted its position in Dominion Energy by 1.0% during the fourth quarter. Federated Hermes Inc. now owns 7,612,107 shares of the utilities provider’s stock valued at $357,769,000 after purchasing an additional 75,600 shares during the last quarter. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Down 0.1 %

NYSE D opened at $49.42 on Thursday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.94 and a current ratio of 1.05. The company has a market capitalization of $41.39 billion, a price-to-earnings ratio of 25.47, a price-to-earnings-growth ratio of 1.32 and a beta of 0.60. The company’s 50-day simple moving average is $51.51 and its two-hundred day simple moving average is $48.63. Dominion Energy, Inc. has a one year low of $39.18 and a one year high of $54.74.

Dominion Energy (NYSE:D) last posted its earnings results on Thursday, May 2nd. The utilities provider reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. The business had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $4.34 billion. Dominion Energy had a net margin of 11.57% and a return on equity of 7.50%. The company’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.99 EPS. Equities analysts forecast that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, May 31st will be given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date is Friday, May 31st. Dominion Energy’s dividend payout ratio (DPR) is 137.63%.

Wall Street Analysts Forecast Growth

D has been the subject of several research reports. Barclays lowered their price objective on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating for the company in a research report on Monday, April 15th. Wells Fargo & Company raised their target price on shares of Dominion Energy from $51.00 to $55.00 and gave the stock an “equal weight” rating in a report on Friday, May 3rd. StockNews.com upgraded shares of Dominion Energy from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Evercore ISI raised their target price on shares of Dominion Energy from $47.00 to $53.00 and gave the stock an “in-line” rating in a report on Friday, May 3rd. Finally, Guggenheim lowered their target price on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a report on Monday, March 4th. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $51.73.

Dominion Energy Profile

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.