Blair William & Co. IL Reduces Position in Dominion Energy, Inc. (NYSE:D)

Blair William & Co. IL lowered its holdings in Dominion Energy, Inc. (NYSE:D) by 16.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,552 shares of the utilities provider’s stock after selling 5,949 shares during the period. Blair William & Co. IL’s holdings in Dominion Energy were worth $1,448,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of D. Vanguard Personalized Indexing Management LLC boosted its position in Dominion Energy by 16.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 92,473 shares of the utilities provider’s stock valued at $4,531,000 after purchasing an additional 13,357 shares during the period. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Dominion Energy by 0.9% during the second quarter. Mercer Global Advisors Inc. ADV now owns 59,153 shares of the utilities provider’s stock valued at $2,898,000 after acquiring an additional 500 shares during the period. Axxcess Wealth Management LLC grew its position in shares of Dominion Energy by 193.9% during the second quarter. Axxcess Wealth Management LLC now owns 81,333 shares of the utilities provider’s stock worth $3,985,000 after acquiring an additional 53,656 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Dominion Energy in the 2nd quarter worth about $1,508,000. Finally, Edgestream Partners L.P. bought a new stake in Dominion Energy in the 2nd quarter valued at about $214,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the company. Jefferies Financial Group began coverage on Dominion Energy in a research report on Friday. They issued a “hold” rating and a $58.00 target price on the stock. JPMorgan Chase & Co. raised their price target on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a report on Monday, August 12th. BMO Capital Markets upped their price objective on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. Finally, Scotiabank raised their target price on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Dominion Energy has an average rating of “Hold” and an average target price of $54.50.

Dominion Energy Stock Performance

D opened at $57.86 on Tuesday. The stock has a market cap of $48.46 billion, a PE ratio of 29.82, a P/E/G ratio of 1.57 and a beta of 0.60. Dominion Energy, Inc. has a 1 year low of $39.18 and a 1 year high of $58.94. The stock’s 50 day simple moving average is $55.36 and its 200-day simple moving average is $52.09. 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 earnings results 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 for the quarter, compared to analysts’ expectations of $3.73 billion. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.53 earnings per share. Sell-side analysts forecast 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. Investors of record on Friday, August 30th were issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.61%. The ex-dividend date was Friday, August 30th. Dominion Energy’s dividend payout ratio is currently 137.63%.

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.