Sepio Capital LP Lowers Position in Dominion Energy, Inc. (NYSE:D)

Sepio Capital LP decreased its stake in Dominion Energy, Inc. (NYSE:D) by 13.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,600 shares of the utilities provider’s stock after selling 6,039 shares during the quarter. Sepio Capital LP’s holdings in Dominion Energy were worth $1,940,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Parallel Advisors LLC lifted its stake in shares of Dominion Energy by 21.3% during the 4th quarter. Parallel Advisors LLC now owns 6,807 shares of the utilities provider’s stock valued at $320,000 after buying an additional 1,194 shares in the last quarter. TD Asset Management Inc lifted its position in shares of Dominion Energy by 5.2% in the fourth quarter. TD Asset Management Inc now owns 283,891 shares of the utilities provider’s stock valued at $13,343,000 after acquiring an additional 14,139 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted its stake in shares of Dominion Energy by 69.9% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 8,573 shares of the utilities provider’s stock worth $403,000 after acquiring an additional 3,528 shares during the period. Bank of Nova Scotia grew its position in shares of Dominion Energy by 10.0% during the fourth quarter. Bank of Nova Scotia now owns 95,315 shares of the utilities provider’s stock worth $4,480,000 after purchasing an additional 8,654 shares in the last quarter. Finally, Crestline Management LP bought a new stake in Dominion Energy during the 4th quarter valued at approximately $1,863,000. Institutional investors own 73.04% of the company’s stock.

Analysts Set New Price Targets

D has been the subject of several recent analyst reports. Jefferies Financial Group started coverage on Dominion Energy in a research note on Friday, September 20th. They issued a “hold” rating and a $58.00 price target for the company. Scotiabank raised their target price on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. BMO Capital Markets boosted their price target on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. Finally, JPMorgan Chase & Co. raised their price objective on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $54.50.

Dominion Energy Stock Up 0.1 %

Shares of NYSE D opened at $57.16 on Friday. The stock has a market capitalization of $47.88 billion, a price-to-earnings ratio of 29.46, a P/E/G ratio of 1.53 and a beta of 0.60. Dominion Energy, Inc. has a 12-month low of $39.18 and a 12-month high of $58.94. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 1.42. The firm’s 50-day moving average price is $55.81 and its 200-day moving average price is $52.29.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.09. The business 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%. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period last year, the company earned $0.53 EPS. On average, equities research analysts anticipate that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 30th were given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date of this dividend was Friday, August 30th. Dominion Energy’s dividend payout ratio (DPR) is 137.63%.

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.