Mutual of America Capital Management LLC Cuts Stock Position in Dominion Energy, Inc. (NYSE:D)

Mutual of America Capital Management LLC trimmed its position in shares of Dominion Energy, Inc. (NYSE:D) by 3.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 105,704 shares of the utilities provider’s stock after selling 4,009 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Dominion Energy were worth $5,179,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of D. Jump Financial LLC purchased a new position in Dominion Energy in the fourth quarter valued at $266,000. Clearbridge Investments LLC acquired a new position in shares of Dominion Energy during the fourth quarter worth about $217,000. Corient Private Wealth LLC increased its stake in shares of Dominion Energy by 12.5% during the fourth quarter. Corient Private Wealth LLC now owns 298,788 shares of the utilities provider’s stock worth $14,043,000 after buying an additional 33,174 shares during the period. Assetmark Inc. raised its holdings in Dominion Energy by 16.6% in the fourth quarter. Assetmark Inc. now owns 25,296 shares of the utilities provider’s stock valued at $1,189,000 after acquiring an additional 3,603 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Dominion Energy by 48.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,970 shares of the utilities provider’s stock worth $140,000 after acquiring an additional 975 shares during the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Price Performance

Shares of NYSE D opened at $57.93 on Friday. The stock has a market cap of $48.60 billion, a P/E ratio of 29.86, a P/E/G ratio of 1.57 and a beta of 0.60. Dominion Energy, Inc. has a twelve month low of $39.18 and a twelve month high of $58.94. The stock has a 50 day moving average of $55.23 and a two-hundred day moving average of $51.99. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.65 EPS 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 during the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter in the prior year, the firm earned $0.53 EPS. Dominion Energy’s revenue for the quarter was up 10.1% on a year-over-year basis. On average, research analysts forecast that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 30th were paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.61%. The ex-dividend date was Friday, August 30th. Dominion Energy’s dividend payout ratio is presently 137.63%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on D. Scotiabank increased their price objective on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. BMO Capital Markets raised their price target on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research note on Monday, August 5th. Jefferies Financial Group assumed coverage on Dominion Energy in a research report on Friday. They set a “hold” rating and a $58.00 price objective for the company. Finally, JPMorgan Chase & Co. raised their target price on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $54.50.

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.