Amalgamated Bank Has $8.30 Million Holdings in Dominion Energy, Inc. (NYSE:D)

Amalgamated Bank trimmed its position in shares of Dominion Energy, Inc. (NYSE:D) by 2.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 169,279 shares of the utilities provider’s stock after selling 4,126 shares during the quarter. Amalgamated Bank’s holdings in Dominion Energy were worth $8,295,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Family Firm Inc. purchased a new stake in shares of Dominion Energy in the second quarter worth approximately $27,000. Rise Advisors LLC bought a new position in Dominion Energy during the 1st quarter valued at $30,000. LRI Investments LLC purchased a new position in Dominion Energy during the 1st quarter worth $30,000. Triad Wealth Partners LLC bought a new stake in shares of Dominion Energy in the 2nd quarter worth $33,000. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of Dominion Energy in the second quarter valued at about $35,000. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Price Performance

D opened at $57.50 on Friday. The firm has a 50-day moving average price of $55.11 and a 200-day moving average price of $51.87. Dominion Energy, Inc. has a twelve month low of $39.18 and a twelve month 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. The company has a market capitalization of $48.24 billion, a price-to-earnings ratio of 29.64, a PEG ratio of 1.57 and a beta of 0.60.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.09. The business had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. Dominion Energy’s revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 EPS. Equities analysts expect 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 will be paid on Friday, September 20th. Stockholders of record on Friday, August 30th will be given a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.64%. Dominion Energy’s dividend payout ratio (DPR) is currently 137.63%.

Analysts Set New Price Targets

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

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.