Dominion Energy, Inc. (NYSE:D) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC reduced its stake in Dominion Energy, Inc. (NYSE:D) by 95.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,613 shares of the utilities provider’s stock after selling 158,304 shares during the period. International Assets Investment Management LLC’s holdings in Dominion Energy were worth $374,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Criterion Capital Advisors LLC acquired a new stake in shares of Dominion Energy in the 4th quarter worth about $29,000. Rise Advisors LLC bought a new stake in shares of Dominion Energy during the first quarter valued at approximately $30,000. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Dominion Energy during the fourth quarter worth approximately $30,000. Venturi Wealth Management LLC grew its holdings in Dominion Energy by 84.5% in the 4th quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock worth $32,000 after buying an additional 310 shares in the last quarter. Finally, Janiczek Wealth Management LLC increased its position in Dominion Energy by 20,100.0% in the 4th quarter. Janiczek Wealth Management LLC now owns 808 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 804 shares during the period. 73.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

D has been the subject of several recent analyst reports. Wells Fargo & Company increased their price target on Dominion Energy from $51.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Friday, May 3rd. Mizuho increased their target price on shares of Dominion Energy from $45.00 to $52.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Scotiabank dropped their price target on shares of Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. Bank of America upgraded shares of Dominion Energy from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $43.00 to $54.00 in a report on Friday, May 10th. Finally, StockNews.com raised Dominion Energy from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Dominion Energy currently has an average rating of “Hold” and an average price target of $51.73.

Dominion Energy Price Performance

NYSE D opened at $49.90 on Tuesday. Dominion Energy, Inc. has a 1 year low of $39.18 and a 1 year high of $54.74. The business’s fifty day moving average is $51.57 and its two-hundred day moving average is $48.70. The stock has a market capitalization of $41.80 billion, a P/E ratio of 25.72, a P/E/G ratio of 1.32 and a beta of 0.60. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.94 and a current ratio of 1.05.

Dominion Energy (NYSE:D) last announced its earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, topping 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 company had revenue of $3.63 billion for the quarter, compared to analyst estimates of $4.34 billion. During the same period in the previous year, the firm earned $0.99 earnings per share. Dominion Energy’s revenue for the quarter was down 6.5% compared to the same quarter last year. On average, research analysts forecast that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Friday, May 31st were given a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 5.35%. The ex-dividend date was Friday, May 31st. Dominion Energy’s dividend payout ratio (DPR) is currently 137.63%.

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.