NBC Securities Inc. Reduces Position in Dominion Energy, Inc. (NYSE:D)

NBC Securities Inc. lessened its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 87.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,891 shares of the utilities provider’s stock after selling 57,380 shares during the period. NBC Securities Inc.’s holdings in Dominion Energy were worth $388,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. grew its stake in Dominion Energy by 196.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 392,568 shares of the utilities provider’s stock valued at $18,451,000 after acquiring an additional 259,978 shares in the last quarter. Morgan Stanley grew its stake in shares of Dominion Energy by 12.8% in the 3rd quarter. Morgan Stanley now owns 7,082,946 shares of the utilities provider’s stock valued at $316,395,000 after buying an additional 803,341 shares during the period. International Assets Investment Management LLC grew its stake in shares of Dominion Energy by 1,797.9% in the 4th 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 period. Diversified Trust Co grew its stake in shares of Dominion Energy by 97.3% in the 4th quarter. Diversified Trust Co now owns 14,339 shares of the utilities provider’s stock valued at $674,000 after buying an additional 7,071 shares during the period. Finally, Sapient Capital LLC purchased a new stake in shares of Dominion Energy in the 4th quarter valued at approximately $263,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Price Performance

Dominion Energy stock opened at $49.21 on Friday. Dominion Energy, Inc. has a 52-week low of $39.18 and a 52-week high of $54.74. The company’s 50 day moving average is $51.53 and its two-hundred day moving average is $48.65. The firm has a market cap of $41.22 billion, a PE ratio of 25.37, a price-to-earnings-growth ratio of 1.33 and a beta of 0.60. The company has a quick ratio of 0.94, a current ratio of 1.05 and a debt-to-equity ratio of 1.37.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. Dominion Energy had a net margin of 11.57% and a return on equity of 7.50%. The business had revenue of $3.63 billion for the quarter, compared to analyst estimates of $4.34 billion. During the same period last year, the business earned $0.99 EPS. The company’s revenue was down 6.5% on a year-over-year basis. On average, research analysts expect that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Friday, May 31st were issued a $0.6675 dividend. The ex-dividend date was Friday, May 31st. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.43%. Dominion Energy’s payout ratio is 137.63%.

Analysts Set New Price Targets

Several research firms have recently weighed in on D. Mizuho increased their price target on shares of Dominion Energy from $45.00 to $52.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Scotiabank decreased their price objective on shares of Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. Barclays decreased their price objective on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. StockNews.com upgraded shares of Dominion Energy from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Finally, Evercore ISI upped their price objective on shares of Dominion Energy from $47.00 to $53.00 and gave the stock an “in-line” rating in a report on Friday, May 3rd. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $51.73.

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.