Dominion Energy, Inc. (NYSE:D) Shares Sold by Harbour Trust & Investment Management Co

Harbour Trust & Investment Management Co reduced its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 35.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,596 shares of the utilities provider’s stock after selling 2,565 shares during the quarter. Harbour Trust & Investment Management Co’s holdings in Dominion Energy were worth $225,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in D. Criterion Capital Advisors LLC acquired a new stake in shares of Dominion Energy in the 4th quarter valued at about $29,000. Rise Advisors LLC acquired a new stake in shares of Dominion Energy in the 1st quarter valued at about $30,000. LRI Investments LLC acquired a new stake in shares of Dominion Energy in the 1st quarter valued at about $30,000. Triad Wealth Partners LLC acquired a new stake in shares of Dominion Energy in the 2nd quarter valued at about $33,000. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Dominion Energy in the 2nd quarter valued at about $35,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

D has been the subject of several analyst reports. StockNews.com raised Dominion Energy from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. Scotiabank upped their price objective on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research note on Tuesday. JPMorgan Chase & Co. upped their price objective on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Evercore ISI increased their target price on Dominion Energy from $47.00 to $53.00 and gave the stock an “in-line” rating in a research note on Friday, May 3rd. Finally, Wells Fargo & Company increased their target price on Dominion Energy from $51.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Friday, May 3rd. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Dominion Energy currently has a consensus rating of “Hold” and an average target price of $53.64.

Dominion Energy Price Performance

NYSE:D traded up $0.03 during trading hours on Thursday, reaching $56.44. 1,845,030 shares of the company traded hands, compared to its average volume of 4,552,846. The firm’s 50-day moving average is $51.94 and its 200-day moving average is $50.26. The stock has a market cap of $47.27 billion, a P/E ratio of 29.07, a P/E/G ratio of 1.50 and a beta of 0.58. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.78. Dominion Energy, Inc. has a 1-year low of $39.18 and a 1-year high of $57.60.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.09. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The business had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.73 billion. During the same quarter last year, the firm earned $0.53 earnings per share. The business’s revenue was up 10.1% on a year-over-year basis. Equities research analysts expect that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, August 30th will be issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date of this dividend is Friday, August 30th. Dominion Energy’s payout ratio is currently 137.63%.

About Dominion Energy

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.