Fidelis Capital Partners LLC Has $440,000 Stake in Dominion Energy, Inc. (NYSE:D)

Fidelis Capital Partners LLC lessened its position in Dominion Energy, Inc. (NYSE:D) by 9.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,986 shares of the utilities provider’s stock after selling 899 shares during the period. Fidelis Capital Partners LLC’s holdings in Dominion Energy were worth $440,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Caprock Group LLC increased its holdings in Dominion Energy by 133.0% in the second quarter. Caprock Group LLC now owns 9,679 shares of the utilities provider’s stock valued at $474,000 after purchasing an additional 5,525 shares during the period. SG Americas Securities LLC raised its position in shares of Dominion Energy by 105.0% during the first quarter. SG Americas Securities LLC now owns 97,105 shares of the utilities provider’s stock worth $4,777,000 after acquiring an additional 49,740 shares during the last quarter. Wedmont Private Capital lifted its stake in shares of Dominion Energy by 14.1% in the first quarter. Wedmont Private Capital now owns 4,822 shares of the utilities provider’s stock worth $239,000 after acquiring an additional 596 shares during the period. Vinva Investment Management Ltd boosted its holdings in Dominion Energy by 27.0% in the fourth quarter. Vinva Investment Management Ltd now owns 6,818 shares of the utilities provider’s stock valued at $321,000 after acquiring an additional 1,451 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in Dominion Energy during the 1st quarter valued at approximately $708,000. 73.04% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on D shares. BMO Capital Markets boosted their price target on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. increased their price target on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Scotiabank boosted their price objective on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Finally, Jefferies Financial Group began coverage on Dominion Energy in a research report on Friday. They set a “hold” rating and a $58.00 target price on the stock. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $54.50.

Dominion Energy Stock Up 0.8 %

Shares of NYSE:D opened at $57.93 on Monday. The firm has a market cap of $48.52 billion, a P/E ratio of 29.86, a PEG ratio of 1.57 and a beta of 0.60. Dominion Energy, Inc. has a 52-week low of $39.18 and a 52-week high of $58.94. The business’s 50 day simple moving average is $55.23 and its two-hundred day simple moving average is $52.02. 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 (NYSE:D) last issued its earnings results on Thursday, August 1st. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $3.73 billion. During the same period last year, the business earned $0.53 EPS. Dominion Energy’s quarterly revenue was up 10.1% compared to the same quarter last year. As a group, research analysts forecast that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Announces Dividend

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