Dominion Energy Inc. (D) Position Lowered by Northstar Asset Management LLC
Northstar Asset Management LLC reduced its position in shares of Dominion Energy Inc. (NYSE:D) by 28.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,492 shares of the utilities provider’s stock after selling 1,400 shares during the period. Northstar Asset Management LLC’s holdings in Dominion Energy were worth $268,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Sheets Smith Wealth Management boosted its stake in Dominion Energy by 2.6% in the first quarter. Sheets Smith Wealth Management now owns 3,081 shares of the utilities provider’s stock worth $239,000 after buying an additional 78 shares during the period. Bank of Montreal Can boosted its stake 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 worth $33,581,000 after buying an additional 27,629 shares during the period. Regentatlantic Capital LLC boosted its stake in Dominion Energy by 1.9% in the first quarter. Regentatlantic Capital LLC now owns 8,082 shares of the utilities provider’s stock worth $627,000 after buying an additional 147 shares during the period. First National Bank of Omaha boosted its stake in Dominion Energy by 12.3% in the first quarter. First National Bank of Omaha now owns 3,650 shares of the utilities provider’s stock worth $283,000 after buying an additional 400 shares during the period. Finally, TNB Financial acquired a new stake in Dominion Energy during the first quarter worth approximately $1,141,000. Institutional investors and hedge funds own 66.12% of the company’s stock.
Shares of Dominion Energy Inc. (NYSE D) traded down 0.55% during mid-day trading on Friday, hitting $77.39. The stock had a trading volume of 1,462,487 shares. The company has a market cap of $49.73 billion, a PE ratio of 22.40 and a beta of 0.28. The stock has a 50 day moving average price of $77.07 and a 200-day moving average price of $77.23. Dominion Energy Inc. has a 52-week low of $69.51 and a 52-week high of $81.65.
Dominion Energy (NYSE:D) last released its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.01. Dominion Energy had a return on equity of 14.04% and a net margin of 17.48%. The firm had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same period last year, the business posted $0.71 EPS. Dominion Energy’s quarterly revenue was up 8.3% on a year-over-year basis. On average, equities analysts expect that Dominion Energy Inc. will post $3.64 earnings per share for the current fiscal 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 paid a $0.755 dividend. This represents a $3.02 annualized dividend and a yield of 3.90%. The ex-dividend date of this dividend is Wednesday, August 30th. Dominion Energy’s payout ratio is currently 87.28%.
A number of analysts have recently commented on D shares. Barclays PLC restated an “overweight” rating and issued a $89.00 price objective (up from $80.00) on shares of Dominion Energy in a research report on Sunday, April 23rd. Morgan Stanley cut their price objective on Dominion Energy from $81.00 to $79.00 and set an “equal weight” rating for the company in a research report on Monday, May 8th. Royal Bank Of Canada set a $77.00 price objective on Dominion Energy and gave the company a “hold” rating in a research report on Saturday, June 3rd. Zacks Investment Research cut Dominion Energy from a “hold” rating to a “sell” rating in a research report on Monday, June 12th. Finally, BidaskClub cut Dominion Energy from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average 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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