Hoese & Co LLP Has $504,000 Holdings in Dominion Energy, Inc. (NYSE:D)

Hoese & Co LLP cut its stake in Dominion Energy, Inc. (NYSE:DGet Rating) by 9.1% in the first quarter, HoldingsChannel reports. The institutional investor owned 5,927 shares of the utilities provider’s stock after selling 590 shares during the quarter. Dominion Energy makes up about 0.5% of Hoese & Co LLP’s holdings, making the stock its 27th biggest holding. Hoese & Co LLP’s holdings in Dominion Energy were worth $504,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. increased its holdings in Dominion Energy by 6.3% during the 4th quarter. BlackRock Inc. now owns 55,640,019 shares of the utilities provider’s stock valued at $4,371,081,000 after purchasing an additional 3,308,258 shares in the last quarter. State Street Corp boosted its position in Dominion Energy by 1.2% in the 4th quarter. State Street Corp now owns 42,683,815 shares of the utilities provider’s stock valued at $3,353,241,000 after buying an additional 493,101 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Dominion Energy by 5.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 21,175,100 shares of the utilities provider’s stock valued at $1,663,516,000 after buying an additional 1,005,105 shares during the last quarter. Capital Research Global Investors boosted its position in Dominion Energy by 17.2% in the 4th quarter. Capital Research Global Investors now owns 18,060,658 shares of the utilities provider’s stock valued at $1,418,845,000 after buying an additional 2,649,044 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Dominion Energy by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 12,672,357 shares of the utilities provider’s stock valued at $993,369,000 after buying an additional 376,655 shares during the last quarter. 68.39% of the stock is owned by institutional investors and hedge funds.

NYSE:D opened at $81.24 on Friday. The stock’s fifty day simple moving average is $81.13 and its 200-day simple moving average is $81.09. The company has a quick ratio of 0.65, a current ratio of 0.79 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $65.91 billion, a P/E ratio of 22.69, a P/E/G ratio of 3.02 and a beta of 0.41. Dominion Energy, Inc. has a 12-month low of $70.37 and a 12-month high of $88.78.

Dominion Energy (NYSE:DGet Rating) last released its quarterly earnings results on Thursday, May 5th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.01). Dominion Energy had a net margin of 20.81% and a return on equity of 12.99%. The firm had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.31 billion. During the same period in the prior year, the business earned $1.09 EPS. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. As a group, equities research analysts expect that Dominion Energy, Inc. will post 4.11 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, June 20th. Shareholders of record on Friday, June 3rd were paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend was Thursday, June 2nd. Dominion Energy’s dividend payout ratio is 74.58%.

A number of brokerages have commented on D. Morgan Stanley decreased their price objective on Dominion Energy from $91.00 to $87.00 and set an “equal weight” rating on the stock in a research report on Monday, May 23rd. StockNews.com began coverage on Dominion Energy in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. UBS Group decreased their price objective on Dominion Energy from $99.00 to $90.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, KeyCorp raised their price target on Dominion Energy from $90.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $84.57.

Dominion Energy Profile (Get Rating)

Dominion Energy, Inc produces and distributes energy. The company operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to residential, commercial, industrial, and governmental customers in Virginia and North Carolina.

Further Reading

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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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