IHT Wealth Management LLC decreased its position in Dominion Energy Inc. (NYSE:D) by 0.5% during the first quarter, Holdings Channel reports. The firm owned 6,954 shares of the utilities provider’s stock after selling 36 shares during the period. IHT Wealth Management LLC’s holdings in Dominion Energy were worth $542,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of D. BlackRock Inc. boosted its stake in shares of Dominion Energy by 3,615.9% in the first quarter. BlackRock Inc. now owns 45,518,516 shares of the utilities provider’s stock worth $3,530,873,000 after buying an additional 44,293,566 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Dominion Energy by 3.4% in the first quarter. Vanguard Group Inc. now owns 43,602,368 shares of the utilities provider’s stock worth $3,382,237,000 after buying an additional 1,435,767 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Dominion Energy by 24.0% in the first quarter. Wells Fargo & Company MN now owns 4,900,432 shares of the utilities provider’s stock worth $380,127,000 after buying an additional 949,647 shares during the last quarter. Epoch Investment Partners Inc. boosted its stake in shares of Dominion Energy by 44.1% in the first quarter. Epoch Investment Partners Inc. now owns 2,741,725 shares of the utilities provider’s stock worth $212,676,000 after buying an additional 838,574 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Dominion Energy by 2.7% in the first quarter. Wellington Management Group LLP now owns 30,572,031 shares of the utilities provider’s stock worth $2,371,472,000 after buying an additional 790,484 shares during the last quarter. 66.12% of the stock is currently owned by institutional investors and hedge funds.

Shares of Dominion Energy Inc. (NYSE D) traded down 0.36% on Thursday, hitting $77.56. 355,548 shares of the stock traded hands. The stock has a market cap of $49.84 billion, a price-to-earnings ratio of 22.45 and a beta of 0.28. The company’s 50 day moving average is $77.15 and its 200 day moving average is $77.21. Dominion Energy Inc. has a one year low of $69.51 and a one year high of $81.65.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.01. The firm had revenue of $2.81 billion for 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%. Dominion Energy’s revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the business posted $0.71 EPS. On average, equities analysts forecast that Dominion Energy Inc. will post $3.64 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.755 per share. The ex-dividend date is Wednesday, August 30th. This represents a $3.02 annualized dividend and a yield of 3.88%. Dominion Energy’s dividend payout ratio (DPR) is presently 87.28%.

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D has been the topic of a number of research reports. Zacks Investment Research raised shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a research note on Tuesday, July 11th. BidaskClub lowered shares of Dominion Energy from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Barclays PLC restated an “overweight” rating and issued a $89.00 target price (up from $80.00) on shares of Dominion Energy in a report on Sunday, April 23rd. Morgan Stanley reduced their target price on shares of Dominion Energy from $81.00 to $79.00 and set an “equal weight” rating on the stock in a report on Monday, May 8th. Finally, Citigroup Inc. reduced their target price on shares of Dominion Energy from $78.00 to $76.00 and set a “neutral” rating on the stock in a report on Wednesday, July 26th. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $80.57.

About Dominion Energy

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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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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