Main Street Group LTD Sells 4,419 Shares of Dominion Energy, Inc. (NYSE:D)

Main Street Group LTD decreased its position in Dominion Energy, Inc. (NYSE:D) by 17.3% during the second quarter, HoldingsChannel reports. The firm owned 21,160 shares of the utilities provider’s stock after selling 4,419 shares during the quarter. Dominion Energy comprises approximately 0.4% of Main Street Group LTD’s holdings, making the stock its 22nd biggest position. Main Street Group LTD’s holdings in Dominion Energy were worth $1,021,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Pinnacle Wealth Management Advisory Group LLC grew its holdings in Dominion Energy by 1.8% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 10,909 shares of the utilities provider’s stock valued at $535,000 after buying an additional 195 shares during the last quarter. Arlington Capital Management Inc. grew its stake in shares of Dominion Energy by 1.2% in the first quarter. Arlington Capital Management Inc. now owns 16,476 shares of the utilities provider’s stock worth $810,000 after acquiring an additional 197 shares during the last quarter. Valley National Advisers Inc. raised its stake in Dominion Energy by 8.6% during the 2nd quarter. Valley National Advisers Inc. now owns 2,504 shares of the utilities provider’s stock valued at $122,000 after purchasing an additional 198 shares during the last quarter. Centennial Wealth Advisory LLC boosted its holdings in Dominion Energy by 2.8% in the 2nd quarter. Centennial Wealth Advisory LLC now owns 7,381 shares of the utilities provider’s stock valued at $362,000 after purchasing an additional 199 shares during the period. Finally, Ridgewood Investments LLC boosted its holdings in Dominion Energy by 0.9% in the 1st quarter. Ridgewood Investments LLC now owns 24,536 shares of the utilities provider’s stock valued at $1,207,000 after purchasing an additional 210 shares during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Dominion Energy from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Bank of America raised Dominion Energy from an “underperform” rating to a “neutral” rating and upped their price target for the company from $43.00 to $54.00 in a report on Friday, May 10th. JPMorgan Chase & Co. lifted their price objective 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 report on Tuesday, August 20th. Finally, BMO Capital Markets raised their target price on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research report on Monday, August 5th. 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, the company has an average rating of “Hold” and a consensus target price of $54.00.

Dominion Energy Price Performance

Dominion Energy stock traded down $0.23 during mid-day trading on Friday, hitting $57.11. 2,582,535 shares of the company were exchanged, compared to its average volume of 4,480,816. Dominion Energy, Inc. has a 1-year low of $39.18 and a 1-year high of $58.13. The company has a market capitalization 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 business has a fifty day moving average of $53.60 and a 200 day moving average of $51.18. 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 (NYSE:D) last posted its quarterly earnings data 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. The company had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The company’s revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the business posted $0.53 earnings per share. As a group, sell-side analysts expect that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 4.68%. The ex-dividend date of this dividend is Friday, August 30th. Dominion Energy’s payout ratio is presently 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.