Dominion Energy Inc. (NYSE:D) Shares Sold by Fruth Investment Management

Fruth Investment Management decreased its stake in Dominion Energy Inc. (NYSE:D) by 0.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,600 shares of the utilities provider’s stock after selling 100 shares during the period. Fruth Investment Management’s holdings in Dominion Energy were worth $965,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in D. Louisiana State Employees Retirement System raised its position in Dominion Energy by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 39,000 shares of the utilities provider’s stock worth $2,989,000 after buying an additional 400 shares during the period. Dixon Hubard Feinour & Brown Inc. VA raised its position in Dominion Energy by 1.6% in the second quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 38,451 shares of the utilities provider’s stock worth $2,947,000 after buying an additional 600 shares during the period. Canal Capital Management LLC raised its position in Dominion Energy by 8.7% in the second quarter. Canal Capital Management LLC now owns 22,714 shares of the utilities provider’s stock worth $1,741,000 after buying an additional 1,819 shares during the period. TNB Financial raised its position in Dominion Energy by 14.5% in the second quarter. TNB Financial now owns 16,843 shares of the utilities provider’s stock worth $1,291,000 after buying an additional 2,134 shares during the period. Finally, North American Management Corp raised its position in Dominion Energy by 2.3% in the second quarter. North American Management Corp now owns 18,865 shares of the utilities provider’s stock worth $1,446,000 after buying an additional 425 shares during the period. Institutional investors and hedge funds own 66.12% of the company’s stock.

Dominion Energy Inc. (NYSE:D) opened at 77.96 on Wednesday. The company’s 50-day moving average price is $77.52 and its 200 day moving average price is $77.14. The company has a market capitalization of $48.97 billion, a PE ratio of 22.56 and a beta of 0.28. Dominion Energy Inc. has a 52 week low of $69.51 and a 52 week high of $81.65.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.01. Dominion Energy had a return on equity of 14.04% and a net margin of 17.48%. The firm had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same period last year, the company posted $0.71 EPS. The business’s quarterly revenue was up 8.3% on a year-over-year basis. On average, equities research analysts anticipate that Dominion Energy Inc. will post $3.65 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Friday, September 1st will be given a $0.755 dividend. This represents a $3.02 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date of this dividend is Wednesday, August 30th. Dominion Energy’s payout ratio is 87.28%.

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D has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Dominion Energy from a “sell” rating to a “buy” rating and set a $87.00 price objective for the company in a research note on Tuesday, April 11th. Deutsche Bank AG upped their price objective on shares of Dominion Energy from $74.00 to $76.00 and gave the company a “hold” rating in a research note on Tuesday, April 11th. Barclays PLC reaffirmed an “overweight” rating and set a $89.00 price objective (up previously from $80.00) on shares of Dominion Energy in a research note on Sunday, April 23rd. Morgan Stanley dropped their target price on shares of Dominion Energy from $81.00 to $79.00 and set an “equal weight” rating for the company in a research report on Monday, May 8th. Finally, Royal Bank Of Canada set a $77.00 target price on shares of Dominion Energy and gave the stock a “hold” rating in a research report on Saturday, June 3rd. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Dominion Energy currently has an average rating of “Hold” and a consensus price target of $80.57.

Dominion Energy Company Profile

Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.

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

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