Pacer Advisors Inc. Decreases Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Pacer Advisors Inc. trimmed its stake in shares of Dominion Energy, Inc. (NYSE:DGet Rating) by 2.9% in the 1st quarter, Holdings Channel reports. The firm owned 41,647 shares of the utilities provider’s stock after selling 1,232 shares during the period. Pacer Advisors Inc.’s holdings in Dominion Energy were worth $3,539,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Dominion Energy during the fourth quarter valued at approximately $319,198,000. Caisse DE Depot ET Placement DU Quebec increased its holdings in Dominion Energy by 1,885.3% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,082,089 shares of the utilities provider’s stock valued at $320,689,000 after buying an additional 3,876,471 shares during the last quarter. BlackRock Inc. increased its holdings in Dominion Energy by 6.3% during the fourth quarter. BlackRock Inc. now owns 55,640,019 shares of the utilities provider’s stock valued at $4,371,081,000 after buying an additional 3,308,258 shares during the last quarter. Capital Research Global Investors increased its holdings in Dominion Energy by 17.2% during the fourth 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, Bank of New York Mellon Corp increased its holdings in Dominion Energy by 20.7% during the third quarter. Bank of New York Mellon Corp now owns 9,118,316 shares of the utilities provider’s stock valued at $665,818,000 after buying an additional 1,560,823 shares during the last quarter. 68.39% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:D opened at $77.15 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.65 and a current ratio of 0.79. The firm has a fifty day moving average price of $82.01 and a 200 day moving average price of $80.96. Dominion Energy, Inc. has a fifty-two week low of $70.37 and a fifty-two week high of $88.78. The firm has a market cap of $62.59 billion, a price-to-earnings ratio of 21.55, a P/E/G ratio of 2.88 and a beta of 0.41.

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

The business also recently announced a quarterly dividend, which was paid on Monday, June 20th. Investors of record on Friday, June 3rd were given a dividend of $0.6675 per share. The ex-dividend date was Thursday, June 2nd. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.46%. Dominion Energy’s dividend payout ratio is 74.58%.

D has been the subject of a number of recent analyst reports. KeyCorp upped their price target on shares of Dominion Energy from $90.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 20th. StockNews.com initiated coverage on shares of Dominion Energy in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Morgan Stanley dropped their price target on shares of Dominion Energy from $91.00 to $87.00 and set an “equal weight” rating for the company in a research report on Monday, May 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $85.71.

Dominion Energy Company 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.

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

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