Centre Asset Management LLC Has $388,000 Stake in Dominion Energy, Inc. (NYSE:D)

Centre Asset Management LLC cut its stake in Dominion Energy, Inc. (NYSE:DFree Report) by 3.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,883 shares of the utilities provider’s stock after selling 275 shares during the period. Centre Asset Management LLC’s holdings in Dominion Energy were worth $388,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Criterion Capital Advisors LLC bought a new stake in Dominion Energy during the 4th quarter worth about $29,000. Moisand Fitzgerald Tamayo LLC bought a new stake in Dominion Energy during the fourth quarter worth about $30,000. Venturi Wealth Management LLC boosted its position in Dominion Energy by 84.5% during the fourth quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 310 shares during the last quarter. Operose Advisors LLC grew its stake in Dominion Energy by 60.3% in the third quarter. Operose Advisors LLC now owns 827 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 311 shares in the last quarter. Finally, Janiczek Wealth Management LLC increased its position in shares of Dominion Energy by 20,100.0% during the 4th quarter. Janiczek Wealth Management LLC now owns 808 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 804 shares during the last quarter. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Price Performance

Shares of NYSE D traded down $0.03 during midday trading on Tuesday, reaching $49.42. 3,826,009 shares of the company were exchanged, compared to its average volume of 4,958,972. The stock has a market cap of $41.39 billion, a P/E ratio of 25.49, a PEG ratio of 1.35 and a beta of 0.60. Dominion Energy, Inc. has a one year low of $39.18 and a one year high of $54.74. The company has a quick ratio of 0.94, a current ratio of 1.05 and a debt-to-equity ratio of 1.37. The stock’s 50-day moving average price is $51.50 and its 200-day moving average price is $48.60.

Dominion Energy (NYSE:DGet Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $4.34 billion. During the same quarter in the prior year, the firm posted $0.99 earnings per share. The business’s quarterly revenue was down 6.5% on a year-over-year basis. On average, sell-side analysts anticipate 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 will be paid on Thursday, June 20th. Stockholders of record on Friday, May 31st will be paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.40%. The ex-dividend date is Friday, May 31st. Dominion Energy’s dividend payout ratio is currently 137.63%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on D. Evercore ISI upped their price target on shares of Dominion Energy from $47.00 to $53.00 and gave the stock an “in-line” rating in a research report on Friday, May 3rd. Guggenheim cut their target price on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a research note on Monday, March 4th. Wells Fargo & Company lifted their price target on Dominion Energy from $51.00 to $55.00 and gave the stock an “equal weight” rating in a report on Friday, May 3rd. Mizuho upped their price objective on Dominion Energy from $45.00 to $52.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Finally, BMO Capital Markets lifted their target price on Dominion Energy from $51.00 to $52.00 and gave the stock a “market perform” rating in a research note on Monday, May 6th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Dominion Energy presently has an average rating of “Hold” and an average price target of $51.73.

Read Our Latest Research Report on D

Dominion Energy Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding D? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dominion Energy, Inc. (NYSE:DFree Report).

Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

Receive News & Ratings for Dominion Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dominion Energy and related companies with MarketBeat.com's FREE daily email newsletter.