BNP PARIBAS ASSET MANAGEMENT Holding S.A. Sells 71,455 Shares of Dominion Energy, Inc. (NYSE:D)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. decreased its position in Dominion Energy, Inc. (NYSE:D) by 70.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,631 shares of the utilities provider’s stock after selling 71,455 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Dominion Energy were worth $1,452,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings 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 worth $4,346,193,000 after buying an additional 12,178,713 shares during the last quarter. Price T Rowe Associates Inc. MD lifted 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 valued at $1,204,904,000 after buying an additional 2,801,687 shares during the last quarter. Capital Research Global Investors grew its stake in shares of Dominion Energy by 20.1% during the 1st quarter. Capital Research Global Investors now owns 21,584,470 shares of the utilities provider’s stock worth $1,061,740,000 after acquiring an additional 3,613,614 shares during the period. Wellington Management Group LLP increased its holdings in Dominion Energy by 13.2% in the 4th quarter. Wellington Management Group LLP now owns 18,493,273 shares of the utilities provider’s stock worth $869,184,000 after acquiring an additional 2,153,488 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Dominion Energy by 6.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 14,979,739 shares of the utilities provider’s stock valued at $734,007,000 after acquiring an additional 940,402 shares during the period. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Price Performance

Dominion Energy stock opened at $55.90 on Monday. The business has a 50-day simple moving average of $52.85 and a 200 day simple moving average of $50.87. Dominion Energy, Inc. has a 52 week low of $39.18 and a 52 week high of $57.60. The stock has a market cap of $46.90 billion, a price-to-earnings ratio of 28.81, a PEG ratio of 1.49 and a beta of 0.58. 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 issued its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 EPS 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 return on equity of 7.69% and a net margin of 11.63%. Dominion Energy’s revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.53 earnings per share. On average, research analysts forecast that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The business 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 4.78%. The ex-dividend date of this dividend is Friday, August 30th. Dominion Energy’s dividend payout ratio is currently 137.63%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Bank of America upgraded shares of 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 research note on Friday, May 10th. BMO Capital Markets boosted their target price on shares of Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a report on Monday, August 5th. JPMorgan Chase & Co. raised their price target on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. StockNews.com upgraded Dominion Energy from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. Finally, Scotiabank raised their target price on Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $54.00.

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.