Courier Capital LLC Sells 7,784 Shares of Dominion Energy, Inc. (NYSE:D)

Courier Capital LLC trimmed its stake in Dominion Energy, Inc. (NYSE:D) by 21.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,197 shares of the utilities provider’s stock after selling 7,784 shares during the quarter. Courier Capital LLC’s holdings in Dominion Energy were worth $1,436,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of D. Assenagon Asset Management S.A. boosted its stake in shares of Dominion Energy by 196.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 392,568 shares of the utilities provider’s stock worth $18,451,000 after acquiring an additional 259,978 shares during the period. Morgan Stanley boosted its stake in shares of Dominion Energy by 12.8% during the 3rd quarter. Morgan Stanley now owns 7,082,946 shares of the utilities provider’s stock worth $316,395,000 after acquiring an additional 803,341 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Dominion Energy by 1,797.9% during the 4th quarter. International Assets Investment Management LLC now owns 165,917 shares of the utilities provider’s stock worth $7,798,000 after acquiring an additional 157,175 shares during the period. Diversified Trust Co boosted its stake in shares of Dominion Energy by 97.3% during the 4th quarter. Diversified Trust Co now owns 14,339 shares of the utilities provider’s stock worth $674,000 after acquiring an additional 7,071 shares during the period. Finally, Sapient Capital LLC bought a new position in shares of Dominion Energy during the 4th quarter worth approximately $263,000. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Price Performance

Shares of NYSE D opened at $49.00 on Friday. The stock has a market capitalization of $41.04 billion, a PE ratio of 25.26, a P/E/G ratio of 1.33 and a beta of 0.60. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.05 and a quick ratio of 0.94. The business has a fifty day moving average price of $51.64 and a two-hundred day moving average price of $48.73. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $54.74.

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

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Friday, May 31st were issued a dividend of $0.6675 per share. The ex-dividend date was Friday, May 31st. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.45%. Dominion Energy’s dividend payout ratio (DPR) is currently 137.63%.

Analysts Set New Price Targets

D has been the subject of several research analyst reports. Bank of America upgraded Dominion Energy from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $43.00 to $54.00 in a research note on Friday, May 10th. Evercore ISI boosted their price target on Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a research note on Friday, May 3rd. BMO Capital Markets boosted their price target on Dominion Energy from $51.00 to $52.00 and gave the company a “market perform” rating in a research note on Monday, May 6th. Wells Fargo & Company boosted their price target on Dominion Energy from $51.00 to $55.00 and gave the company an “equal weight” rating in a research note on Friday, May 3rd. Finally, Scotiabank reduced their price target on 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. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Dominion Energy presently has an average rating of “Hold” and an average 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.