Vectors Research Management LLC cut its holdings in Dominion Energy, Inc. (NYSE:D – Get Rating) by 5.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,049 shares of the utilities provider’s stock after selling 2,181 shares during the quarter. Vectors Research Management LLC’s holdings in Dominion Energy were worth $3,196,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. IFM Investors Pty Ltd boosted its position in Dominion Energy by 121.0% during the first quarter. IFM Investors Pty Ltd now owns 238,937 shares of the utilities provider’s stock worth $20,302,000 after acquiring an additional 130,836 shares during the last quarter. Mount Yale Investment Advisors LLC boosted its holdings in shares of Dominion Energy by 4.1% in the 1st quarter. Mount Yale Investment Advisors LLC now owns 5,662 shares of the utilities provider’s stock valued at $481,000 after purchasing an additional 225 shares during the last quarter. Waldron Private Wealth LLC boosted its holdings in shares of Dominion Energy by 6.3% in the 1st quarter. Waldron Private Wealth LLC now owns 4,926 shares of the utilities provider’s stock valued at $418,000 after purchasing an additional 293 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Dominion Energy by 27.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 924,427 shares of the utilities provider’s stock valued at $78,549,000 after purchasing an additional 200,056 shares during the last quarter. Finally, Gladstone Institutional Advisory LLC acquired a new position in shares of Dominion Energy in the 1st quarter valued at $205,000. 69.75% of the stock is currently owned by institutional investors and hedge funds.
Dominion Energy Stock Up 1.3 %
D stock traded up $0.78 during mid-day trading on Thursday, hitting $61.03. 3,608,921 shares of the company were exchanged, compared to its average volume of 6,750,775. The company has a market capitalization of $50.86 billion, a PE ratio of 21.87, a price-to-earnings-growth ratio of 2.56 and a beta of 0.46. The company has a current ratio of 0.71, a quick ratio of 0.57 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a twelve month low of $57.95 and a twelve month high of $88.78. The firm has a fifty day simple moving average of $67.61 and a 200 day simple moving average of $76.46.
Dominion Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 20th. Stockholders of record on Friday, December 2nd will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.37%. The ex-dividend date is Thursday, December 1st. Dominion Energy’s dividend payout ratio (DPR) is presently 95.70%.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on the stock. The Goldman Sachs Group upgraded shares of Dominion Energy from a “sell” rating to a “neutral” rating and decreased their price target for the company from $72.00 to $69.00 in a report on Sunday, November 13th. Guggenheim cut their target price on shares of Dominion Energy from $90.00 to $75.00 in a research note on Monday, October 24th. JPMorgan Chase & Co. downgraded shares of Dominion Energy from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $83.00 to $76.00 in a research note on Monday, November 7th. Wolfe Research downgraded shares of Dominion Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, November 7th. Finally, TheStreet downgraded shares of Dominion Energy from a “b-” rating to a “c+” rating in a research note on Thursday, October 6th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $75.08.
About Dominion Energy
Dominion Energy, Inc produces and distributes energy in the United States. The company operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.7 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.
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