Dominion Energy, Inc. (NYSE:D) Shares Sold by Sompo Asset Management Co. Ltd.

Sompo Asset Management Co. Ltd. decreased its stake in shares of Dominion Energy, Inc. (NYSE:D) by 6.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 84,880 shares of the utilities provider’s stock after selling 5,930 shares during the period. Sompo Asset Management Co. Ltd.’s holdings in Dominion Energy were worth $4,159,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Family Firm Inc. bought a new position in Dominion Energy in the second quarter worth about $27,000. Rise Advisors LLC bought a new stake in shares of Dominion Energy in the 1st quarter worth approximately $30,000. LRI Investments LLC acquired a new position in Dominion Energy during the 1st quarter valued at approximately $32,000. Triad Wealth Partners LLC acquired a new position in Dominion Energy during the 2nd quarter valued at approximately $33,000. Finally, Opal Wealth Advisors LLC bought a new position in Dominion Energy during the 2nd quarter worth $35,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Jefferies Financial Group started coverage on shares of Dominion Energy in a research report on Friday. They set a “hold” rating and a $58.00 price target for the company. Scotiabank boosted their price objective on Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. BMO Capital Markets raised their price target on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Finally, JPMorgan Chase & Co. increased their target price 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. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $54.50.

Dominion Energy Stock Up 0.8 %

Shares of Dominion Energy stock opened at $57.93 on Friday. 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, Inc. has a 12-month low of $39.18 and a 12-month high of $58.94. The firm has a market capitalization of $48.60 billion, a PE ratio of 29.86, a price-to-earnings-growth ratio of 1.57 and a beta of 0.60. The stock’s fifty day moving average is $55.23 and its 200-day moving average is $51.95.

Dominion Energy (NYSE:D) last released 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. 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 for the quarter, compared to the consensus estimate of $3.73 billion. During the same period last year, the firm posted $0.53 earnings per share. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. Equities analysts anticipate that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 30th were given a dividend of $0.6675 per share. The ex-dividend date was Friday, August 30th. This represents a $2.67 dividend on an annualized basis and a yield of 4.61%. Dominion Energy’s payout ratio 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.