Banque Cantonale Vaudoise Sells 26,439 Shares of Dominion Energy, Inc. (NYSE:D)

Banque Cantonale Vaudoise cut its stake in shares of Dominion Energy, Inc. (NYSE:D) by 75.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,465 shares of the utilities provider’s stock after selling 26,439 shares during the period. Banque Cantonale Vaudoise’s holdings in Dominion Energy were worth $416,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of D. JPMorgan Chase & Co. boosted its position in Dominion Energy by 9.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 23,394,919 shares of the utilities provider’s stock worth $1,045,051,000 after buying an additional 1,928,823 shares during the period. Wellington Management Group LLP grew its stake in shares of Dominion Energy by 13.2% in the fourth quarter. Wellington Management Group LLP now owns 18,493,273 shares of the utilities provider’s stock worth $869,184,000 after purchasing an additional 2,153,488 shares during the last quarter. Capital Research Global Investors increased its holdings in Dominion Energy by 136.5% in the fourth quarter. Capital Research Global Investors now owns 17,970,856 shares of the utilities provider’s stock valued at $844,630,000 after purchasing an additional 10,370,768 shares during the period. Northern Trust Corp raised its position in Dominion Energy by 2.7% during the 3rd quarter. Northern Trust Corp now owns 8,527,408 shares of the utilities provider’s stock worth $380,919,000 after purchasing an additional 220,238 shares during the last quarter. Finally, Federated Hermes Inc. lifted its holdings in Dominion Energy by 1.0% during the 4th quarter. Federated Hermes Inc. now owns 7,612,107 shares of the utilities provider’s stock worth $357,769,000 after buying an additional 75,600 shares during the period. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Stock Performance

Shares of Dominion Energy stock opened at $49.21 on Friday. The business has a 50-day simple moving average of $51.53 and a 200 day simple moving average of $48.67. The firm has a market capitalization of $41.22 billion, a price-to-earnings ratio of 25.37, a PEG ratio of 1.33 and a beta of 0.60. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.05 and a quick ratio of 0.94. Dominion Energy, Inc. has a one year low of $39.18 and a one year high of $54.74.

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

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Investors 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 dividend payout ratio is presently 137.63%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on D. Scotiabank lowered their price objective on Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating for the company in a research report on Monday, April 22nd. StockNews.com raised shares of Dominion Energy from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. Bank of America upgraded shares of Dominion Energy from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $43.00 to $54.00 in a research report on Friday, May 10th. Wells Fargo & Company boosted their target price on shares of Dominion Energy from $51.00 to $55.00 and gave the company an “equal weight” rating in a report on Friday, May 3rd. Finally, BMO Capital Markets increased their price target on Dominion Energy from $51.00 to $52.00 and gave the stock a “market perform” rating in a report on Monday, May 6th. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $51.73.

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.