Bokf Na Has $727,000 Stock Position in Dominion Energy, Inc. (NYSE:D)

Bokf Na lowered its position in shares of Dominion Energy, Inc. (NYSE:D) by 28.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,837 shares of the utilities provider’s stock after selling 5,973 shares during the quarter. Bokf Na’s holdings in Dominion Energy were worth $727,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Family Firm Inc. acquired a new stake in Dominion Energy in the 2nd quarter valued at about $27,000. Rise Advisors LLC acquired a new stake in Dominion Energy in the 1st quarter valued at about $30,000. LRI Investments LLC acquired a new stake in Dominion Energy in the 1st quarter valued at about $32,000. Triad Wealth Partners LLC acquired a new stake in Dominion Energy in the 2nd quarter valued at about $33,000. Finally, Opal Wealth Advisors LLC acquired a new stake in Dominion Energy in the 2nd quarter valued at about $35,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Up 1.7 %

Dominion Energy stock opened at $58.16 on Monday. The company’s 50 day simple moving average is $54.47 and its 200 day simple moving average is $51.62. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $58.18. The firm has a market capitalization of $48.79 billion, a price-to-earnings ratio of 29.98, a PEG ratio of 1.53 and a beta of 0.60. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.78.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.09. The business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. Dominion Energy’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.53 EPS. As a group, sell-side analysts anticipate that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.6675 per share. The ex-dividend date is Friday, August 30th. This represents a $2.67 annualized dividend and a yield of 4.59%. Dominion Energy’s dividend payout ratio (DPR) is currently 137.63%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. BMO Capital Markets raised their target price on shares of Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research note on Monday, August 5th. Finally, Scotiabank raised their target price on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $54.11.

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.