Tower Research Capital LLC TRC decreased its position in shares of Dominion Energy Inc. (NYSE:D) by 89.1% during the first quarter, Holdings Channel reports. The fund owned 2,258 shares of the utilities provider’s stock after selling 18,385 shares during the period. Tower Research Capital LLC TRC’s holdings in Dominion Energy were worth $175,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Peoples Financial Services CORP. boosted its stake in Dominion Energy by 0.8% in the first quarter. Peoples Financial Services CORP. now owns 19,720 shares of the utilities provider’s stock worth $1,529,000 after buying an additional 150 shares during the last quarter. Viking Fund Management LLC bought a new position in Dominion Energy during the first quarter worth about $1,862,000. Iowa State Bank boosted its position in Dominion Energy by 1.4% in the first quarter. Iowa State Bank now owns 65,351 shares of the utilities provider’s stock worth $5,069,000 after buying an additional 892 shares in the last quarter. Tompkins Financial Corp boosted its position in Dominion Energy by 511.1% in the first quarter. Tompkins Financial Corp now owns 27,690 shares of the utilities provider’s stock worth $2,080,000 after buying an additional 23,159 shares in the last quarter. Finally, First National Bank & Trust Co. of Newtown boosted its position in Dominion Energy by 0.7% in the first quarter. First National Bank & Trust Co. of Newtown now owns 7,256 shares of the utilities provider’s stock worth $563,000 after buying an additional 50 shares in the last quarter. 66.12% of the stock is owned by institutional investors.

Dominion Energy Inc. (NYSE:D) traded down 0.55% during mid-day trading on Friday, reaching $77.39. 1,462,487 shares of the company traded hands. The stock’s 50 day moving average price is $77.07 and its 200 day moving average price is $77.23. Dominion Energy Inc. has a 52 week low of $69.51 and a 52 week high of $81.65. The firm has a market capitalization of $49.73 billion, a price-to-earnings ratio of 22.40 and a beta of 0.28.

Dominion Energy (NYSE:D) last posted 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. Dominion Energy had a net margin of 17.48% and a return on equity of 14.04%. The business had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the prior year, the company posted $0.71 EPS. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. Equities analysts forecast that Dominion Energy Inc. will post $3.64 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.90%. Dominion Energy’s dividend payout ratio (DPR) is presently 87.28%.

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A number of research firms have issued reports on D. Royal Bank Of Canada set a $77.00 price target on shares of Dominion Energy and gave the stock a “hold” rating in a report on Saturday, June 3rd. Morgan Stanley cut their price objective on shares of Dominion Energy from $81.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Monday, May 8th. Deutsche Bank AG increased their price objective on shares of Dominion Energy from $76.00 to $77.00 and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Zacks Investment Research lowered shares of Dominion Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Finally, BidaskClub lowered shares of Dominion Energy from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average 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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