Holderness Investments Co. Sells 544 Shares of Dominion Energy, Inc. (NYSE:D)

Holderness Investments Co. lessened its holdings in Dominion Energy, Inc. (NYSE:D) by 4.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,374 shares of the utilities provider’s stock after selling 544 shares during the period. Holderness Investments Co.’s holdings in Dominion Energy were worth $606,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Jump Financial LLC acquired a new stake in shares of Dominion Energy during the 4th quarter valued at $266,000. Clearbridge Investments LLC acquired a new stake in shares of Dominion Energy during the fourth quarter valued at about $217,000. Corient Private Wealth LLC grew its holdings in shares of Dominion Energy by 12.5% during the fourth quarter. Corient Private Wealth LLC now owns 298,788 shares of the utilities provider’s stock worth $14,043,000 after purchasing an additional 33,174 shares during the last quarter. Assetmark Inc. increased its stake in shares of Dominion Energy by 16.6% in the fourth quarter. Assetmark Inc. now owns 25,296 shares of the utilities provider’s stock valued at $1,189,000 after buying an additional 3,603 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in Dominion Energy by 48.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,970 shares of the utilities provider’s stock valued at $140,000 after buying an additional 975 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Price Performance

Shares of D opened at $57.93 on Friday. The business’s 50 day moving average price is $55.23 and its two-hundred day moving average price is $51.99. The firm has a market cap of $48.52 billion, a PE ratio of 29.86, a price-to-earnings-growth ratio of 1.57 and a beta of 0.60. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.78 and a current ratio of 0.93. Dominion Energy, Inc. has a 52-week low of $39.18 and a 52-week high of $58.94.

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

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 30th were issued a $0.6675 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.67 annualized dividend and a yield of 4.61%. Dominion Energy’s payout ratio is currently 137.63%.

Analyst Ratings Changes

Several equities analysts have issued reports on D shares. JPMorgan Chase & Co. upped their price target on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Jefferies Financial Group started coverage on Dominion Energy in a report on Friday. They issued a “hold” rating and a $58.00 price objective for the company. Scotiabank lifted their target price on Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Finally, BMO Capital Markets increased 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. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $54.50.

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.