Dominion Energy, Inc. (NYSE:D) Shares Sold by American Century Companies Inc.

American Century Companies Inc. decreased its stake in shares of Dominion Energy, Inc. (NYSE:D) by 11.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 174,880 shares of the utilities provider’s stock after selling 22,670 shares during the period. American Century Companies Inc.’s holdings in Dominion Energy were worth $8,569,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Family Firm Inc. acquired a new position in shares of Dominion Energy in the 2nd quarter valued at about $27,000. Rise Advisors LLC acquired a new position in Dominion Energy during the first quarter valued at approximately $30,000. LRI Investments LLC purchased a new stake in Dominion Energy during the first quarter worth approximately $30,000. Triad Wealth Partners LLC acquired a new stake in shares of Dominion Energy in the second quarter worth $33,000. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Dominion Energy in the second quarter worth $35,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Down 0.1 %

D stock opened at $57.86 on Tuesday. The stock has a market cap of $48.46 billion, a PE ratio of 29.82, a price-to-earnings-growth ratio of 1.57 and a beta of 0.60. The firm’s 50-day simple moving average is $55.36 and its 200 day simple moving average is $52.09. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $58.94. 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 posted its earnings results on Thursday, August 1st. The utilities provider reported $0.65 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $3.73 billion. During the same period last year, the firm earned $0.53 EPS. The firm’s revenue was up 10.1% compared to the same quarter last year. As a group, sell-side analysts predict 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 paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date of this dividend was Friday, August 30th. Dominion Energy’s payout ratio is currently 137.63%.

Analyst Upgrades and Downgrades

D has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their target price on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Jefferies Financial Group initiated coverage on shares of Dominion Energy in a research report on Friday. They set a “hold” rating and a $58.00 target price on the stock. BMO Capital Markets raised their price target on shares of Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Finally, Scotiabank boosted their price objective 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. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus 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.