Motley Fool Wealth Management LLC Sells 240 Shares of Dominion Energy, Inc. (NYSE:D)

Motley Fool Wealth Management LLC lessened its holdings in Dominion Energy, Inc. (NYSE:DGet Rating) by 0.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 35,799 shares of the utilities provider’s stock after selling 240 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in Dominion Energy were worth $3,042,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. NN Investment Partners Holdings N.V. acquired a new stake in Dominion Energy during the 4th quarter worth approximately $912,000. Brown Advisory Inc. raised its holdings in Dominion Energy by 8.9% during the 4th quarter. Brown Advisory Inc. now owns 275,548 shares of the utilities provider’s stock worth $21,646,000 after buying an additional 22,598 shares during the period. Rockland Trust Co. acquired a new stake in Dominion Energy during the 4th quarter worth approximately $219,000. State of Michigan Retirement System raised its holdings in Dominion Energy by 0.4% during the 4th quarter. State of Michigan Retirement System now owns 203,923 shares of the utilities provider’s stock worth $16,020,000 after buying an additional 900 shares during the period. Finally, Exane Derivatives raised its holdings in Dominion Energy by 18.4% during the 4th quarter. Exane Derivatives now owns 4,173 shares of the utilities provider’s stock worth $328,000 after buying an additional 648 shares during the period. Institutional investors own 68.39% of the company’s stock.

Dominion Energy Stock Performance

Shares of D stock opened at $79.20 on Thursday. The stock has a market capitalization of $64.25 billion, a PE ratio of 22.12, a PEG ratio of 3.04 and a beta of 0.42. Dominion Energy, Inc. has a one year low of $70.37 and a one year high of $88.78. The business’s 50 day simple moving average is $79.58 and its 200 day simple moving average is $81.17. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.79 and a quick ratio of 0.65.

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

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 20th. Stockholders of record on Friday, June 3rd were given a dividend of $0.6675 per share. The ex-dividend date of this dividend was Thursday, June 2nd. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.37%. Dominion Energy’s dividend payout ratio (DPR) is presently 74.58%.

Analyst Ratings Changes

D has been the topic of a number of recent research reports. KeyCorp lifted their price objective on shares of Dominion Energy from $90.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, April 20th. UBS Group decreased their target price on shares of Dominion Energy from $99.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday, June 30th. Mizuho decreased their target price on shares of Dominion Energy from $87.00 to $81.00 in a research note on Friday, July 15th. StockNews.com began coverage on shares of Dominion Energy in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Morgan Stanley raised their target price on shares of Dominion Energy from $78.00 to $84.00 and gave the company an “equal weight” rating in a research note on Thursday, July 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $84.17.

Dominion Energy Company Profile

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Dominion Energy, Inc produces and distributes energy in the United States. 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 approximately 2.7 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.

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

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