Canada Pension Plan Investment Board Trims Stock Position in Dominion Energy, Inc. (NYSE:D)

Canada Pension Plan Investment Board lowered its stake in shares of Dominion Energy, Inc. (NYSE:D) by 0.7% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 11,377,865 shares of the utilities provider’s stock after selling 85,400 shares during the period. Canada Pension Plan Investment Board owned about 1.36% of Dominion Energy worth $557,515,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Ieq Capital LLC raised its stake in shares of Dominion Energy by 25.6% during the 2nd quarter. Ieq Capital LLC now owns 35,579 shares of the utilities provider’s stock valued at $1,743,000 after buying an additional 7,263 shares during the last quarter. Brighton Jones LLC raised its stake in shares of Dominion Energy by 3.9% during the 2nd quarter. Brighton Jones LLC now owns 6,865 shares of the utilities provider’s stock valued at $336,000 after buying an additional 259 shares during the last quarter. Intech Investment Management LLC increased its stake in shares of Dominion Energy by 175.0% in the 2nd quarter. Intech Investment Management LLC now owns 39,556 shares of the utilities provider’s stock valued at $1,938,000 after purchasing an additional 25,173 shares in the last quarter. Garner Asset Management Corp increased its stake in shares of Dominion Energy by 14.2% in the 2nd quarter. Garner Asset Management Corp now owns 17,796 shares of the utilities provider’s stock valued at $872,000 after purchasing an additional 2,214 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its stake in shares of Dominion Energy by 16.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 92,473 shares of the utilities provider’s stock valued at $4,531,000 after purchasing an additional 13,357 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price target 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 lifted their price target on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research note on Monday, August 5th. Finally, Scotiabank lifted their price target on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $54.11.

Dominion Energy Trading Up 0.2 %

D stock opened at $57.50 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 12-month low of $39.18 and a 12-month high of $58.94. The stock has a market cap of $48.24 billion, a price-to-earnings ratio of 29.64, a PEG ratio of 1.57 and a beta of 0.60. The business’s 50-day moving average is $55.11 and its 200 day moving average is $51.87.

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

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.64%. The ex-dividend date of this dividend is Friday, August 30th. Dominion Energy’s dividend payout ratio is currently 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.