Fidelis Capital Partners LLC Decreases Stake in Dominion Energy, Inc. (NYSE:D)

Fidelis Capital Partners LLC trimmed its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 9.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,986 shares of the utilities provider’s stock after selling 899 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Dominion Energy were worth $440,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Dominion Energy by 16.0% in the first quarter. Vanguard Group Inc. now owns 88,355,205 shares of the utilities provider’s stock valued at $4,346,193,000 after purchasing an additional 12,178,713 shares during the last quarter. Capital Research Global Investors grew its stake in shares of Dominion Energy by 136.5% during the 4th quarter. Capital Research Global Investors now owns 17,970,856 shares of the utilities provider’s stock worth $844,630,000 after acquiring an additional 10,370,768 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Dominion Energy by 12.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 24,494,873 shares of the utilities provider’s stock worth $1,204,904,000 after acquiring an additional 2,801,687 shares during the last quarter. Wellington Management Group LLP raised its stake in Dominion Energy by 13.2% in the 4th quarter. Wellington Management Group LLP now owns 18,493,273 shares of the utilities provider’s stock valued at $869,184,000 after acquiring an additional 2,153,488 shares during the period. Finally, Jupiter Asset Management Ltd. purchased a new stake in Dominion Energy during the second quarter valued at about $67,854,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Analyst Ratings Changes

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

Dominion Energy Trading Up 0.8 %

Shares of D opened at $57.93 on Monday. Dominion Energy, Inc. has a 1-year low of $39.18 and a 1-year high of $58.94. The company has a market capitalization of $48.52 billion, a P/E 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. The firm’s 50 day simple moving average is $55.23 and its 200 day simple moving average is $52.02.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.09. The firm had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.73 billion. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The business’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the company posted $0.53 EPS. Sell-side 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 disclosed a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 30th were given a dividend of $0.6675 per share. The ex-dividend date was Friday, August 30th. This represents a $2.67 annualized dividend and a dividend yield of 4.61%. Dominion Energy’s dividend payout ratio (DPR) is presently 137.63%.

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.