Dominion Energy, Inc. (NYSE:D) Shares Sold by Front Row Advisors LLC

Front Row Advisors LLC lowered its stake in shares of Dominion Energy, Inc. (NYSE:D) by 7.4% in the second quarter, Holdings Channel reports. The firm owned 3,735 shares of the utilities provider’s stock after selling 300 shares during the period. Front Row Advisors LLC’s holdings in Dominion Energy were worth $183,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Caprock Group LLC lifted its holdings in Dominion Energy by 133.0% in the 2nd quarter. Caprock Group LLC now owns 9,679 shares of the utilities provider’s stock valued at $474,000 after purchasing an additional 5,525 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of Dominion Energy by 105.0% in the first quarter. SG Americas Securities LLC now owns 97,105 shares of the utilities provider’s stock worth $4,777,000 after buying an additional 49,740 shares in the last quarter. Wedmont Private Capital boosted its position in Dominion Energy by 14.1% during the first quarter. Wedmont Private Capital now owns 4,822 shares of the utilities provider’s stock worth $239,000 after acquiring an additional 596 shares during the last quarter. Vinva Investment Management Ltd grew its stake in Dominion Energy by 27.0% during the 4th quarter. Vinva Investment Management Ltd now owns 6,818 shares of the utilities provider’s stock valued at $321,000 after acquiring an additional 1,451 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new stake in Dominion Energy during the 1st quarter valued at about $708,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Price Performance

NYSE:D opened at $57.16 on Friday. Dominion Energy, Inc. has a 52 week low of $39.18 and a 52 week high of $58.94. The stock’s fifty day moving average is $55.81 and its two-hundred day moving average is $52.33. The company has a market capitalization of $47.88 billion, a P/E ratio of 29.46, a P/E/G ratio of 1.53 and a beta of 0.60. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 1.42.

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

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 30th were paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date of this dividend was Friday, August 30th. Dominion Energy’s dividend payout ratio (DPR) is 137.63%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. BMO Capital Markets boosted their target price on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. JPMorgan Chase & Co. lifted their price objective on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Scotiabank upped their target price on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Finally, Jefferies Financial Group assumed coverage on Dominion Energy in a report on Friday, September 20th. They set a “hold” rating and a $58.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Dominion Energy presently has a consensus rating of “Hold” and a consensus price target of $54.50.

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.