Commonwealth Retirement Investments LLC reduced its stake in shares of Dominion Energy, Inc. (NYSE:D – Free Report) by 13.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,159 shares of the utilities provider’s stock after selling 1,259 shares during the quarter. Commonwealth Retirement Investments LLC’s holdings in Dominion Energy were worth $400,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of D. Vanguard Group Inc. lifted its stake in shares of Dominion Energy by 16.0% in the 1st quarter. Vanguard Group Inc. now owns 88,355,205 shares of the utilities provider’s stock valued at $4,346,193,000 after purchasing an additional 12,178,713 shares during the period. Capital Research Global Investors lifted its stake in Dominion Energy by 136.5% in the fourth quarter. Capital Research Global Investors now owns 17,970,856 shares of the utilities provider’s stock valued at $844,630,000 after buying an additional 10,370,768 shares during the period. Norges Bank bought a new position in Dominion Energy during the fourth quarter worth about $329,792,000. ClearBridge Investments Ltd bought a new position in Dominion Energy during the fourth quarter worth about $214,220,000. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Dominion Energy by 12.9% during the 1st 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 buying an additional 2,801,687 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.
Dominion Energy Stock Down 0.4 %
D opened at $57.11 on Friday. The stock’s fifty day simple moving average is $53.60 and its 200 day simple moving average is $51.18. Dominion Energy, Inc. has a 1-year low of $39.18 and a 1-year high of $58.13. The stock has a market cap of $47.91 billion, a PE ratio of 29.45, a price-to-earnings-growth ratio of 1.54 and a beta of 0.60. 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 Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date of this dividend is Friday, August 30th. Dominion Energy’s dividend payout ratio is presently 137.63%.
Analyst Ratings Changes
D has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their price target 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. StockNews.com upgraded shares of Dominion Energy from a “sell” rating to a “hold” rating in a report on Friday, May 10th. BMO Capital Markets lifted 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. Scotiabank upped their price objective on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Finally, Bank of America upgraded Dominion Energy from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $43.00 to $54.00 in a report on Friday, May 10th. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $54.00.
View Our Latest Analysis on Dominion Energy
Dominion Energy Company 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.
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