Commonwealth Financial Services LLC Sells 189 Shares of Dominion Energy, Inc. (NYSE:D)

Commonwealth Financial Services LLC reduced its stake in shares of Dominion Energy, Inc. (NYSE:D) by 3.8% in the second quarter, HoldingsChannel.com reports. The fund owned 4,809 shares of the utilities provider’s stock after selling 189 shares during the quarter. Commonwealth Financial Services LLC’s holdings in Dominion Energy were worth $237,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in D. Jump Financial LLC purchased a new position in shares of Dominion Energy in the 4th quarter worth about $266,000. Clearbridge Investments LLC bought a new position in Dominion Energy during the fourth quarter valued at approximately $217,000. Assetmark Inc. grew its position in Dominion Energy by 16.6% during the fourth quarter. Assetmark Inc. now owns 25,296 shares of the utilities provider’s stock valued at $1,189,000 after acquiring an additional 3,603 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Dominion Energy by 48.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,970 shares of the utilities provider’s stock worth $140,000 after acquiring an additional 975 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board bought a new stake in shares of Dominion Energy in the 4th quarter worth approximately $588,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Stock Up 0.8 %

Shares of NYSE:D opened at $57.93 on Monday. The stock’s 50-day moving average is $55.23 and its 200 day moving average is $52.02. The company has a market cap of $48.52 billion, a PE ratio of 29.86, a P/E/G ratio of 1.57 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, Inc. has a 1 year low of $39.18 and a 1 year high of $58.94.

Dominion Energy (NYSE:D) last posted its earnings results on Thursday, August 1st. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $3.73 billion. During the same period in the previous year, the firm earned $0.53 earnings per share. The business’s revenue was up 10.1% compared to the same quarter last year. Sell-side analysts anticipate that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 30th were issued a $0.6675 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.67 annualized dividend and a yield of 4.61%. Dominion Energy’s dividend payout ratio (DPR) is presently 137.63%.

Analyst Upgrades and Downgrades

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

Dominion Energy 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.