Dominion Energy, Inc. (NYSE:D) Shares Sold by BCGM Wealth Management LLC

BCGM Wealth Management LLC trimmed its stake in shares of Dominion Energy, Inc. (NYSE:D) by 12.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,609 shares of the utilities provider’s stock after selling 1,610 shares during the period. BCGM Wealth Management LLC’s holdings in Dominion Energy were worth $569,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Family Firm Inc. purchased a new stake in shares of Dominion Energy in the 2nd quarter worth about $27,000. Rise Advisors LLC acquired a new position in shares of Dominion Energy during the 1st quarter worth approximately $30,000. LRI Investments LLC acquired a new position in shares of Dominion Energy in the first quarter worth $30,000. Triad Wealth Partners LLC acquired a new position in Dominion Energy in the 2nd quarter valued at about $33,000. Finally, Opal Wealth Advisors LLC purchased a new position in Dominion Energy in the 2nd quarter valued at about $35,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Trading Up 0.8 %

NYSE D opened at $55.90 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 1.42. The company’s fifty day simple moving average is $52.85 and its 200-day simple moving average is $50.82. The stock has a market cap of $46.90 billion, a P/E ratio of 28.81, a PEG ratio of 1.49 and a beta of 0.58. Dominion Energy, Inc. has a 52 week low of $39.18 and a 52 week high of $57.60.

Dominion Energy (NYSE:D) last released its earnings results on Thursday, August 1st. The utilities provider reported $0.65 EPS for the quarter, beating 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 company had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.73 billion. During the same period in the prior year, the business posted $0.53 EPS. The business’s revenue was up 10.1% on a year-over-year basis. Equities research analysts predict that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, August 30th will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.78%. Dominion Energy’s dividend payout ratio (DPR) is 137.63%.

Wall Street Analysts Forecast Growth

D has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their price target on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a report on Monday, August 12th. BMO Capital Markets increased their target price on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research report on Monday, August 5th. StockNews.com upgraded Dominion Energy from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Scotiabank upped their price objective on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Finally, Bank of America raised shares of Dominion Energy from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $43.00 to $54.00 in a research report on Friday, May 10th. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and a consensus price target of $54.00.

Dominion Energy Company Profile

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.