Glass Jacobson Investment Advisors llc Trims Holdings in Dominion Energy, Inc. (NYSE:D)

Glass Jacobson Investment Advisors llc reduced its stake in Dominion Energy, Inc. (NYSE:D) by 5.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,186 shares of the utilities provider’s stock after selling 225 shares during the quarter. Glass Jacobson Investment Advisors llc’s holdings in Dominion Energy were worth $205,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Garner Asset Management Corp increased its holdings in shares of Dominion Energy by 14.2% during the 2nd quarter. Garner Asset Management Corp now owns 17,796 shares of the utilities provider’s stock worth $872,000 after buying an additional 2,214 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in Dominion Energy by 16.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 92,473 shares of the utilities provider’s stock worth $4,531,000 after acquiring an additional 13,357 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in shares of Dominion Energy by 0.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 59,153 shares of the utilities provider’s stock valued at $2,898,000 after purchasing an additional 500 shares during the last quarter. Axxcess Wealth Management LLC increased its position in shares of Dominion Energy by 193.9% during the 2nd quarter. Axxcess Wealth Management LLC now owns 81,333 shares of the utilities provider’s stock worth $3,985,000 after purchasing an additional 53,656 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in Dominion Energy in the 2nd quarter valued at about $1,508,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Dominion Energy Stock Up 0.2 %

Shares of NYSE D opened at $57.50 on Friday. The stock has a market cap of $48.24 billion, a P/E ratio of 29.64, a PEG ratio of 1.57 and a beta of 0.60. The business’s fifty day simple moving average is $55.11 and its 200-day simple moving average is $51.87. Dominion Energy, Inc. has a 12-month low of $39.18 and a 12-month high of $58.94. 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 (NYSE:D) last posted its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.73 billion. During the same quarter last year, the company earned $0.53 EPS. Dominion Energy’s revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, equities analysts predict that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders 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 yield of 4.64%. The ex-dividend date is Friday, August 30th. Dominion Energy’s dividend payout ratio (DPR) is presently 137.63%.

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.