Blair William & Co. IL Sells 5,949 Shares of Dominion Energy, Inc. (NYSE:D)

Blair William & Co. IL reduced its holdings in Dominion Energy, Inc. (NYSE:D) by 16.8% in the 2nd quarter, Holdings Channel reports. The fund owned 29,552 shares of the utilities provider’s stock after selling 5,949 shares during the quarter. Blair William & Co. IL’s holdings in Dominion Energy were worth $1,448,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Family Firm Inc. bought a new position in Dominion Energy in the second quarter valued at $27,000. Rise Advisors LLC bought a new position in shares of Dominion Energy in the 1st quarter valued at about $30,000. LRI Investments LLC acquired a new stake in shares of Dominion Energy in the first quarter valued at about $30,000. Triad Wealth Partners LLC bought a new stake in Dominion Energy during the second quarter worth about $33,000. Finally, Opal Wealth Advisors LLC acquired a new position in Dominion Energy during the second quarter valued at approximately $35,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on D. JPMorgan Chase & Co. boosted their target price on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Jefferies Financial Group started coverage on shares of Dominion Energy in a research note on Friday. They set a “hold” rating and a $58.00 price objective on the stock. Scotiabank raised their target price on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Finally, BMO Capital Markets boosted their price target 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 given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $54.50.

Dominion Energy Stock Down 0.1 %

Shares of Dominion Energy stock opened at $57.86 on Tuesday. The stock’s 50-day moving average is $55.36 and its 200 day moving average is $52.09. Dominion Energy, Inc. has a one year low of $39.18 and a one year high of $58.94. The firm has a market cap of $48.46 billion, a price-to-earnings ratio of 29.82, a PEG ratio of 1.57 and a beta of 0.60. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.78.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.09. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.73 billion. During the same quarter in the prior year, the business earned $0.53 earnings per share. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. Equities research analysts anticipate that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 30th were given a $0.6675 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.67 annualized dividend and a yield of 4.61%. Dominion Energy’s payout ratio is 137.63%.

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.