Dominion Energy Inc. (D) Shares Sold by Markston International LLC
Markston International LLC lessened its stake in Dominion Energy Inc. (NYSE:D) by 47.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,500 shares of the utilities provider’s stock after selling 1,353 shares during the period. Markston International LLC’s holdings in Dominion Energy were worth $115,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the business. Tradewinds Capital Management LLC lifted its stake in shares of Dominion Energy by 1.0% during the 1st quarter. Tradewinds Capital Management LLC now owns 1,306 shares of the utilities provider’s stock valued at $101,000 after buying an additional 13 shares in the last quarter. Tortoise Capital Advisors L.L.C. lifted its stake in shares of Dominion Energy by 336.3% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 1,396 shares of the utilities provider’s stock valued at $107,000 after buying an additional 1,076 shares in the last quarter. Enterprise Financial Services Corp lifted its stake in shares of Dominion Energy by 5.8% during the 2nd quarter. Enterprise Financial Services Corp now owns 1,456 shares of the utilities provider’s stock valued at $112,000 after buying an additional 80 shares in the last quarter. Clean Yield Group purchased a new position in shares of Dominion Energy during the 1st quarter valued at $117,000. Finally, Bollard Group LLC lifted its stake in shares of Dominion Energy by 0.8% during the 2nd quarter. Bollard Group LLC now owns 1,528 shares of the utilities provider’s stock valued at $117,000 after buying an additional 12 shares in the last quarter. 64.44% of the stock is owned by institutional investors and hedge funds.
D has been the topic of a number of research reports. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $78.00 target price on shares of Dominion Energy in a report on Thursday, September 14th. Zacks Investment Research upgraded shares of Dominion Energy from a “sell” rating to a “hold” rating in a report on Friday, August 4th. KeyCorp restated a “hold” rating on shares of Dominion Energy in a report on Friday, September 1st. BidaskClub downgraded shares of Dominion Energy from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. 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. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $80.25.
Shares of Dominion Energy Inc. (NYSE D) opened at 77.04 on Friday. The stock has a market capitalization of $49.50 billion, a PE ratio of 22.30 and a beta of 0.29. Dominion Energy Inc. has a 52-week low of $69.51 and a 52-week high of $81.65. The firm has a 50-day moving average of $78.55 and a 200 day moving average of $78.07.
Dominion Energy (NYSE:D) last announced its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.94 billion. During the same period last year, the business earned $0.71 earnings per share. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. Equities research analysts forecast that Dominion Energy Inc. will post $3.63 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 20th. Shareholders of record on Friday, September 1st were given a dividend of $0.755 per share. This represents a $3.02 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date was Wednesday, August 30th. Dominion Energy’s dividend payout ratio is presently 87.28%.
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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