QS Investors LLC Reduces Stock Holdings in Dominion Energy, Inc. (NYSE:D)

QS Investors LLC reduced its holdings in Dominion Energy, Inc. (NYSE:D) by 2.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,815 shares of the utilities provider’s stock after selling 835 shares during the period. QS Investors LLC’s holdings in Dominion Energy were worth $2,709,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. California Public Employees Retirement System boosted its holdings in Dominion Energy by 10.2% during the second quarter. California Public Employees Retirement System now owns 6,061,301 shares of the utilities provider’s stock worth $445,930,000 after buying an additional 561,920 shares in the last quarter. Dai Ichi Life Insurance Company Ltd boosted its holdings in Dominion Energy by 30.7% during the second quarter. Dai Ichi Life Insurance Company Ltd now owns 113,974 shares of the utilities provider’s stock worth $8,385,000 after buying an additional 26,746 shares in the last quarter. Brandywine Global Investment Management LLC purchased a new stake in Dominion Energy during the second quarter worth $10,444,000. LPL Financial LLC boosted its holdings in Dominion Energy by 0.4% during the second quarter. LPL Financial LLC now owns 486,756 shares of the utilities provider’s stock worth $35,811,000 after buying an additional 2,180 shares in the last quarter. Finally, CAPROCK Group Inc. boosted its holdings in Dominion Energy by 8.9% during the second quarter. CAPROCK Group Inc. now owns 3,085 shares of the utilities provider’s stock worth $227,000 after buying an additional 252 shares in the last quarter. 66.10% of the stock is currently owned by institutional investors and hedge funds.

NYSE D opened at $73.37 on Thursday. The firm has a 50 day simple moving average of $76.12 and a 200-day simple moving average of $76.45. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.46 and a current ratio of 0.59. Dominion Energy, Inc. has a one year low of $67.85 and a one year high of $86.95. The firm has a market cap of $59.32 billion, a price-to-earnings ratio of 26.30, a PEG ratio of 2.98 and a beta of 0.35.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Thursday, August 5th. The utilities provider reported $0.76 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.01). Dominion Energy had a net margin of 16.61% and a return on equity of 12.47%. The business had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $3.48 billion. During the same period in the previous year, the business posted $0.73 EPS. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. Equities analysts predict that Dominion Energy, Inc. will post 3.87 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, September 20th. Investors of record on Friday, September 3rd were issued a $0.63 dividend. The ex-dividend date was Thursday, September 2nd. This represents a $2.52 annualized dividend and a yield of 3.43%. Dominion Energy’s dividend payout ratio (DPR) is 71.19%.

D has been the subject of a number of research analyst reports. KeyCorp upped their price objective on shares of Dominion Energy from $82.00 to $83.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 20th. Mizuho reduced their price objective on shares of Dominion Energy from $80.00 to $77.00 and set a “neutral” rating for the company in a research report on Tuesday, July 13th. TheStreet cut shares of Dominion Energy from a “b” rating to a “c+” rating in a research report on Friday, August 6th. Morgan Stanley reduced their price objective on shares of Dominion Energy from $82.00 to $80.00 and set an “equal weight” rating for the company in a research report on Friday, September 17th. Finally, Scotiabank upgraded shares of Dominion Energy from a “sector perform” rating to a “sector outperform” rating and increased their target price for the company from $88.00 to $92.00 in a research report on Tuesday, July 6th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Dominion Energy has a consensus rating of “Buy” and an average price target of $83.90.

Dominion Energy Company Profile

Dominion Energy, Inc engages in the provision of electricity and natural gas to homes, businesses, and wholesale customers. Its operations also include a regulated interstate natural gas transmission pipeline and underground storage system. It operates through following business segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, Contracted Assets and Corporate and Other.

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

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