Dominion Energy, Inc. (NYSE:D) Shares Sold by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC trimmed its position in Dominion Energy, Inc. (NYSE:D) by 5.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,662 shares of the utilities provider’s stock after selling 608 shares during the period. Pathway Financial Advisers LLC’s holdings in Dominion Energy were worth $521,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Dominion Energy by 16.0% during the first quarter. Vanguard Group Inc. now owns 88,355,205 shares of the utilities provider’s stock worth $4,346,193,000 after acquiring an additional 12,178,713 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Dominion Energy by 1.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 29,635,621 shares of the utilities provider’s stock worth $1,452,145,000 after purchasing an additional 477,181 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Dominion Energy by 12.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 24,494,873 shares of the utilities provider’s stock worth $1,204,904,000 after purchasing an additional 2,801,687 shares during the last quarter. Capital Research Global Investors grew its position in shares of Dominion Energy by 20.1% in the first quarter. Capital Research Global Investors now owns 21,584,470 shares of the utilities provider’s stock valued at $1,061,740,000 after purchasing an additional 3,613,614 shares during the period. Finally, Wellington Management Group LLP increased its stake in Dominion Energy by 13.2% in the fourth quarter. Wellington Management Group LLP now owns 18,493,273 shares of the utilities provider’s stock valued at $869,184,000 after purchasing an additional 2,153,488 shares during the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on the company. JPMorgan Chase & Co. lifted 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. Scotiabank upped their price target on shares of 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 lifted their price target on shares of Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Finally, Jefferies Financial Group began coverage on Dominion Energy in a report on Friday, September 20th. They set a “hold” rating and a $58.00 price objective for the company. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $54.50.

Dominion Energy Trading Up 1.1 %

Shares of D opened at $57.79 on Tuesday. Dominion Energy, Inc. has a 12 month low of $39.18 and a 12 month high of $58.94. The stock’s 50-day moving average is $55.93 and its two-hundred day moving average is $52.43. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.78. The stock has a market cap of $48.40 billion, a PE ratio of 29.79, a P/E/G ratio of 1.53 and a beta of 0.60.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.65 earnings per share 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 firm had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.73 billion. During the same quarter in the prior year, the business earned $0.53 EPS. Dominion Energy’s quarterly revenue was up 10.1% compared to the same quarter last year. Equities analysts forecast that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 30th were paid a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.67 annualized dividend and a dividend yield of 4.62%. 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.