Front Row Advisors LLC Sells 300 Shares of Dominion Energy, Inc. (NYSE:D)

Front Row Advisors LLC lessened its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 7.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,735 shares of the utilities provider’s stock after selling 300 shares during the period. Front Row Advisors LLC’s holdings in Dominion Energy were worth $183,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. NewEdge Advisors LLC lifted its stake in shares of Dominion Energy by 31.5% in the 2nd quarter. NewEdge Advisors LLC now owns 54,207 shares of the utilities provider’s stock worth $2,656,000 after purchasing an additional 12,999 shares during the period. Creative Planning boosted its stake in shares of Dominion Energy by 1.1% in the second quarter. Creative Planning now owns 236,057 shares of the utilities provider’s stock worth $11,567,000 after acquiring an additional 2,606 shares during the period. Oliver Lagore Vanvalin Investment Group boosted its stake in Dominion Energy by 78.7% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 1,142 shares of the utilities provider’s stock worth $56,000 after purchasing an additional 503 shares during the period. Mackenzie Financial Corp boosted its position in shares of Dominion Energy by 0.7% during the second quarter. Mackenzie Financial Corp now owns 852,891 shares of the utilities provider’s stock worth $41,792,000 after acquiring an additional 6,280 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Dominion Energy by 2.1% during the second quarter. The Manufacturers Life Insurance Company now owns 1,464,803 shares of the utilities provider’s stock valued at $71,775,000 after purchasing an additional 29,963 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Price Performance

Shares of NYSE D opened at $57.16 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.78. The stock has a market capitalization of $47.88 billion, a price-to-earnings ratio of 29.46, a PEG ratio of 1.53 and a beta of 0.60. The firm’s 50 day simple moving average is $55.81 and its 200-day simple moving average is $52.33. Dominion Energy, Inc. has a 12 month low of $39.18 and a 12 month high of $58.94.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 earnings per share for the quarter, beating 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 company had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.73 billion. During the same quarter in the previous year, the company earned $0.53 earnings per share. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. Analysts expect that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Dividend Announcement

The firm also recently declared 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. The ex-dividend date was Friday, August 30th. This represents a $2.67 dividend on an annualized basis and a yield of 4.67%. Dominion Energy’s dividend payout ratio is currently 137.63%.

Analysts Set New Price Targets

A number of research firms recently issued reports on D. 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 target on the stock. Scotiabank increased their target price on Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. JPMorgan Chase & Co. lifted their price target on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Finally, BMO Capital Markets upped their price objective 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. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dominion Energy presently has an average rating of “Hold” and an average 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.