Dominion Energy Inc. (D) Stake Reduced by Westwood Holdings Group Inc.
Westwood Holdings Group Inc. decreased its stake in Dominion Energy Inc. (NYSE:D) by 48.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,095 shares of the utilities provider’s stock after selling 5,705 shares during the period. Westwood Holdings Group Inc.’s holdings in Dominion Energy were worth $473,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the company. Palisade Capital Management LLC NJ increased its position in Dominion Energy by 1.9% in the first quarter. Palisade Capital Management LLC NJ now owns 6,805 shares of the utilities provider’s stock valued at $528,000 after buying an additional 130 shares during the period. City Holding Co. increased its position in Dominion Energy by 4.4% in the first quarter. City Holding Co. now owns 22,744 shares of the utilities provider’s stock valued at $1,764,000 after buying an additional 950 shares during the period. Bank of Montreal Can increased its position in Dominion Energy by 6.8% in the first quarter. Bank of Montreal Can now owns 432,917 shares of the utilities provider’s stock valued at $33,581,000 after buying an additional 27,629 shares during the period. Coastline Trust Co increased its position in Dominion Energy by 4.0% in the first quarter. Coastline Trust Co now owns 12,319 shares of the utilities provider’s stock valued at $956,000 after buying an additional 475 shares during the period. Finally, BB&T Corp increased its position in Dominion Energy by 3.5% in the first quarter. BB&T Corp now owns 122,663 shares of the utilities provider’s stock valued at $9,516,000 after buying an additional 4,101 shares during the period. Hedge funds and other institutional investors own 66.12% of the company’s stock.
Shares of Dominion Energy Inc. (NYSE D) traded down 0.08% during midday trading on Tuesday, reaching $77.86. The company’s stock had a trading volume of 210,590 shares. The stock has a 50-day moving average price of $77.52 and a 200 day moving average price of $77.14. Dominion Energy Inc. has a 52 week low of $69.51 and a 52 week high of $81.65. The stock has a market capitalization of $48.91 billion, a PE ratio of 22.53 and a beta of 0.28.
Dominion Energy (NYSE:D) last released its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. The firm had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Dominion Energy had a return on equity of 14.04% and a net margin of 17.48%. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.71 earnings per share. Equities analysts forecast that Dominion Energy Inc. will post $3.65 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Friday, September 1st will be given a dividend of $0.755 per share. The ex-dividend date is Wednesday, August 30th. This represents a $3.02 dividend on an annualized basis and a yield of 3.88%. Dominion Energy’s payout ratio is 87.28%.
D has been the topic of several recent analyst reports. Barclays PLC reiterated an “overweight” rating and set a $89.00 target price (up from $80.00) on shares of Dominion Energy in a research report on Sunday, April 23rd. Deutsche Bank AG increased their target price on Dominion Energy from $74.00 to $76.00 and gave the stock a “hold” rating in a research report on Tuesday, April 11th. Zacks Investment Research downgraded Dominion Energy from a “hold” rating to a “sell” rating in a research report on Monday, June 12th. BidaskClub downgraded Dominion Energy from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Finally, Citigroup Inc. reduced their target price on Dominion Energy from $78.00 to $76.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 26th. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $80.57.
Dominion Energy Company Profile
Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.
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