Carolinas Wealth Consulting LLC Sells 1,634 Shares of Dominion Energy, Inc. (NYSE:D)

Carolinas Wealth Consulting LLC decreased its holdings in Dominion Energy, Inc. (NYSE:D) by 44.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,051 shares of the utilities provider’s stock after selling 1,634 shares during the period. Carolinas Wealth Consulting LLC’s holdings in Dominion Energy were worth $100,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Caprock Group LLC boosted its position in Dominion Energy by 133.0% in the second quarter. Caprock Group LLC now owns 9,679 shares of the utilities provider’s stock valued at $474,000 after buying an additional 5,525 shares in the last quarter. SG Americas Securities LLC grew its position in Dominion Energy by 105.0% during the 1st quarter. SG Americas Securities LLC now owns 97,105 shares of the utilities provider’s stock worth $4,777,000 after acquiring an additional 49,740 shares during the last quarter. Wedmont Private Capital grew its position in Dominion Energy by 14.1% during the 1st quarter. Wedmont Private Capital now owns 4,822 shares of the utilities provider’s stock worth $239,000 after acquiring an additional 596 shares during the last quarter. Vinva Investment Management Ltd increased its holdings in Dominion Energy by 27.0% in the 4th quarter. Vinva Investment Management Ltd now owns 6,818 shares of the utilities provider’s stock worth $321,000 after purchasing an additional 1,451 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of Dominion Energy during the first quarter valued at about $708,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. BMO Capital Markets upped their price target on shares of Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research report on Monday, August 5th. Finally, Scotiabank lifted their price target on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $54.11.

Dominion Energy Trading Down 1.6 %

D opened at $57.41 on Thursday. Dominion Energy, Inc. has a twelve month low of $39.18 and a twelve month high of $58.94. The company has a fifty day moving average of $54.99 and a 200-day moving average of $51.83. The stock has a market cap of $48.16 billion, a PE ratio of 29.59, a price-to-earnings-growth ratio of 1.57 and a beta of 0.60. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.09. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The firm had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.73 billion. During the same period last year, the business posted $0.53 EPS. The business’s revenue was up 10.1% compared to the same quarter last year. On average, sell-side analysts predict that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, August 30th will be given a dividend of $0.6675 per share. The ex-dividend date is Friday, August 30th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.65%. Dominion Energy’s payout ratio is presently 137.63%.

Dominion Energy Company 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.