Tocqueville Asset Management L.P. Sells 1,050 Shares of Dominion Energy, Inc. (NYSE:D)

Tocqueville Asset Management L.P. decreased its position in shares of Dominion Energy, Inc. (NYSE:D) by 4.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,754 shares of the utilities provider’s stock after selling 1,050 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Dominion Energy were worth $1,119,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Assenagon Asset Management S.A. boosted its position in shares of Dominion Energy by 196.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 392,568 shares of the utilities provider’s stock valued at $18,451,000 after buying an additional 259,978 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of Dominion Energy by 1,797.9% during the fourth quarter. International Assets Investment Management LLC now owns 165,917 shares of the utilities provider’s stock valued at $7,798,000 after buying an additional 157,175 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Dominion Energy by 105.0% during the first quarter. SG Americas Securities LLC now owns 97,105 shares of the utilities provider’s stock valued at $4,777,000 after buying an additional 49,740 shares during the last quarter. Wedmont Private Capital boosted its position in shares of Dominion Energy by 14.1% during the first quarter. Wedmont Private Capital now owns 4,822 shares of the utilities provider’s stock valued at $239,000 after buying an additional 596 shares during the last quarter. Finally, Sapient Capital LLC purchased a new position in shares of Dominion Energy during the fourth quarter valued at approximately $263,000. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Performance

Shares of NYSE D traded down $0.16 during trading on Friday, reaching $51.41. 2,680,003 shares of the stock traded hands, compared to its average volume of 3,187,703. Dominion Energy, Inc. has a 52-week low of $39.18 and a 52-week high of $54.74. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.05 and a quick ratio of 0.94. The company has a 50-day moving average of $51.28 and a 200-day moving average of $49.02. The stock has a market capitalization of $43.06 billion, a P/E ratio of 26.50, a price-to-earnings-growth ratio of 1.38 and a beta of 0.58.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. Dominion Energy had a return on equity of 7.50% and a net margin of 11.57%. The firm had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $4.34 billion. During the same quarter in the prior year, the firm earned $0.99 EPS. The business’s revenue for the quarter was down 6.5% compared to the same quarter last year. Analysts forecast that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Friday, May 31st were paid a dividend of $0.6675 per share. The ex-dividend date was Friday, May 31st. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.19%. Dominion Energy’s payout ratio is 137.63%.

Analysts Set New Price Targets

Several research analysts recently issued reports on D shares. StockNews.com raised Dominion Energy from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Bank of America raised Dominion Energy from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $43.00 to $54.00 in a research report on Friday, May 10th. Evercore ISI boosted their price objective on Dominion Energy from $47.00 to $53.00 and gave the stock an “in-line” rating in a research report on Friday, May 3rd. Wells Fargo & Company boosted their price objective on Dominion Energy from $51.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Friday, May 3rd. Finally, BMO Capital Markets cut their price objective on Dominion Energy from $52.00 to $51.00 and set a “market perform” rating on the stock in a research report on Tuesday, July 9th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Dominion Energy has a consensus rating of “Hold” and an average target price of $51.64.

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.