Sei Investments Co. Decreases Holdings in Dominion Energy, Inc. (NYSE:D)

Sei Investments Co. cut its stake in Dominion Energy, Inc. (NYSE:D) by 8.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 453,641 shares of the utilities provider’s stock after selling 39,658 shares during the quarter. Sei Investments Co. owned about 0.05% of Dominion Energy worth $22,229,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in D. Vanguard Group Inc. raised its holdings in Dominion Energy by 16.0% in the first quarter. Vanguard Group Inc. now owns 88,355,205 shares of the utilities provider’s stock worth $4,346,193,000 after purchasing an additional 12,178,713 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Dominion Energy by 1.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 29,635,621 shares of the utilities provider’s stock valued at $1,452,145,000 after purchasing an additional 477,181 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Dominion Energy by 12.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 24,494,873 shares of the utilities provider’s stock worth $1,204,904,000 after buying an additional 2,801,687 shares during the last quarter. Capital Research Global Investors lifted its stake in shares of Dominion Energy by 20.1% during the first quarter. Capital Research Global Investors now owns 21,584,470 shares of the utilities provider’s stock worth $1,061,740,000 after buying an additional 3,613,614 shares during the period. Finally, Wellington Management Group LLP increased its position in shares of 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 valued at $869,184,000 after acquiring an additional 2,153,488 shares during the period. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Stock Performance

D opened at $57.21 on Thursday. The firm has a fifty day moving average price of $55.48 and a 200 day moving average price of $52.16. Dominion Energy, Inc. has a 1 year low of $39.18 and a 1 year high of $58.94. The stock has a market cap of $48.00 billion, a P/E ratio of 29.49, a P/E/G ratio of 1.55 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 issued its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.09. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The business 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 posted $0.53 earnings per share. The company’s revenue was up 10.1% compared to the same quarter last year. Equities research analysts anticipate that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 30th were issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.67%. The ex-dividend date of this dividend was Friday, August 30th. Dominion Energy’s payout ratio is currently 137.63%.

Analysts Set New Price Targets

A number of brokerages have commented on D. Scotiabank lifted their price target on Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. BMO Capital Markets lifted their target price on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. JPMorgan Chase & Co. increased their price target 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. Finally, Jefferies Financial Group initiated coverage on shares of Dominion Energy in a research note on Friday, September 20th. They set a “hold” rating and a $58.00 price objective for the company. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $54.50.

Dominion Energy 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.