Dominion Energy, Inc. (NYSE:D) Shares Sold by Summit Financial Group Inc.

Summit Financial Group Inc. reduced its stake in Dominion Energy, Inc. (NYSE:DFree Report) by 3.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,252 shares of the utilities provider’s stock after selling 216 shares during the period. Summit Financial Group Inc.’s holdings in Dominion Energy were worth $308,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of D. DekaBank Deutsche Girozentrale raised its stake in Dominion Energy by 34.1% in the third quarter. DekaBank Deutsche Girozentrale now owns 128,355 shares of the utilities provider’s stock valued at $5,657,000 after buying an additional 32,643 shares in the last quarter. Aviva PLC lifted its holdings in shares of Dominion Energy by 3.2% in the 3rd quarter. Aviva PLC now owns 12,856 shares of the utilities provider’s stock valued at $574,000 after purchasing an additional 400 shares during the last quarter. Kestra Advisory Services LLC lifted its holdings in shares of Dominion Energy by 13.2% in the 3rd quarter. Kestra Advisory Services LLC now owns 67,093 shares of the utilities provider’s stock valued at $2,997,000 after purchasing an additional 7,813 shares during the last quarter. Rafferty Asset Management LLC lifted its holdings in shares of Dominion Energy by 11.6% in the 3rd quarter. Rafferty Asset Management LLC now owns 85,278 shares of the utilities provider’s stock valued at $3,809,000 after purchasing an additional 8,896 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Dominion Energy in the 3rd quarter valued at about $4,833,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on D. Mizuho boosted their target price on Dominion Energy from $45.00 to $52.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Guggenheim reduced their target price on Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a report on Monday, March 4th. Evercore ISI upped their price objective on Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a research note on Friday, May 3rd. Barclays reduced their price objective on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Monday, April 15th. Finally, Bank of America raised Dominion Energy from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $43.00 to $54.00 in a research note on Friday, May 10th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $51.73.

Check Out Our Latest Report on Dominion Energy

Dominion Energy Stock Performance

NYSE D traded down $0.03 on Wednesday, hitting $49.42. 3,827,868 shares of the company’s stock were exchanged, compared to its average volume of 4,056,207. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.05 and a quick ratio of 0.94. The firm’s 50-day moving average price is $51.49 and its two-hundred day moving average price is $48.62. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $54.74. The firm has a market cap of $41.39 billion, a price-to-earnings ratio of 25.48, a P/E/G ratio of 1.32 and a beta of 0.60.

Dominion Energy (NYSE:DGet Free Report) last released its earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $4.34 billion. During the same quarter in the previous year, the firm posted $0.99 EPS. The firm’s quarterly revenue was down 6.5% on a year-over-year basis. On average, research analysts expect that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, May 31st will be issued 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%.

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.

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

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