Cibc World Market Inc. reduced its stake in shares of Dominion Energy, Inc. (NYSE:D – Get Rating) by 49.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,514 shares of the utilities provider’s stock after selling 2,435 shares during the quarter. Cibc World Market Inc.’s holdings in Dominion Energy were worth $201,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Boston Common Asset Management LLC grew its stake in Dominion Energy by 9.7% in the second quarter. Boston Common Asset Management LLC now owns 2,788 shares of the utilities provider’s stock valued at $223,000 after purchasing an additional 247 shares in the last quarter. Perpetual Investment Management Ltd bought a new stake in shares of Dominion Energy in the 2nd quarter valued at approximately $407,000. Eagle Asset Management Inc. increased its holdings in Dominion Energy by 39.4% in the second quarter. Eagle Asset Management Inc. now owns 1,373,711 shares of the utilities provider’s stock worth $109,635,000 after buying an additional 388,417 shares during the last quarter. Hunter Associates Investment Management LLC raised its position in Dominion Energy by 76.3% during the second quarter. Hunter Associates Investment Management LLC now owns 5,954 shares of the utilities provider’s stock valued at $476,000 after acquiring an additional 2,576 shares in the last quarter. Finally, Resources Management Corp CT ADV lifted its stake in Dominion Energy by 2.2% in the second quarter. Resources Management Corp CT ADV now owns 14,142 shares of the utilities provider’s stock valued at $1,129,000 after acquiring an additional 299 shares during the last quarter. 69.75% of the stock is owned by hedge funds and other institutional investors.
Dominion Energy Price Performance
Shares of Dominion Energy stock opened at $61.03 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.71 and a quick ratio of 0.57. The company has a market cap of $50.86 billion, a PE ratio of 21.87, a price-to-earnings-growth ratio of 2.56 and a beta of 0.46. The firm has a fifty day moving average price of $67.61 and a two-hundred day moving average price of $76.46. Dominion Energy, Inc. has a fifty-two week low of $57.95 and a fifty-two week high of $88.78.
Dominion Energy Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 20th. Shareholders of record on Friday, December 2nd will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.37%. The ex-dividend date of this dividend is Thursday, December 1st. Dominion Energy’s dividend payout ratio (DPR) is presently 95.70%.
Analyst Upgrades and Downgrades
D has been the subject of several analyst reports. Maxim Group began coverage on shares of Dominion Energy in a research note on Friday, November 4th. They issued a “hold” rating for the company. UBS Group cut Dominion Energy from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $83.00 to $73.00 in a research report on Monday, November 7th. The Goldman Sachs Group raised Dominion Energy from a “sell” rating to a “neutral” rating and lowered their price objective for the company from $72.00 to $69.00 in a report on Sunday, November 13th. Morgan Stanley boosted their target price on Dominion Energy from $72.00 to $77.00 and gave the stock an “equal weight” rating in a report on Friday, November 11th. Finally, Mizuho lowered their price target on Dominion Energy from $81.00 to $71.00 and set a “neutral” rating on the stock in a report on Thursday, October 6th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $75.08.
Dominion Energy Profile
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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