Chicago Partners Investment Group LLC Has $223,000 Stock Holdings in Dominion Energy Inc. (NYSE:D)

Chicago Partners Investment Group LLC lessened its holdings in shares of Dominion Energy Inc. (NYSE:D) by 28.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 4,049 shares of the utilities provider’s stock after selling 1,640 shares during the period. Chicago Partners Investment Group LLC’s holdings in Dominion Energy were worth $223,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its holdings in Dominion Energy by 1.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,382,909 shares of the utilities provider’s stock worth $301,820,000 after acquiring an additional 68,749 shares during the period. ASR Vermogensbeheer N.V. acquired a new position in shares of Dominion Energy in the 1st quarter valued at $10,853,000. Citizens Financial Group Inc. RI grew its holdings in shares of Dominion Energy by 40.9% in the 1st quarter. Citizens Financial Group Inc. RI now owns 6,443 shares of the utilities provider’s stock valued at $361,000 after buying an additional 1,869 shares during the period. Schnieders Capital Management LLC grew its holdings in shares of Dominion Energy by 39.0% in the 1st quarter. Schnieders Capital Management LLC now owns 113,798 shares of the utilities provider’s stock valued at $6,381,000 after buying an additional 31,945 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of Dominion Energy by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 91,079,415 shares of the utilities provider’s stock valued at $5,106,823,000 after buying an additional 1,565,459 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Price Performance

Shares of NYSE D opened at $61.32 on Wednesday. The firm has a market cap of $52.33 billion, a PE ratio of 21.14, a PEG ratio of 1.33 and a beta of 0.57. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. Dominion Energy Inc. has a 1-year low of $48.07 and a 1-year high of $62.26. The company has a fifty day moving average price of $57.38 and a 200 day moving average price of $55.72.

Dominion Energy (NYSE:D) last announced its earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.02). The company had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%. Dominion Energy’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.65 earnings per share. Research analysts predict that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, September 20th. Shareholders of record on Friday, September 5th will be given a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.67 annualized dividend and a yield of 4.4%. Dominion Energy’s payout ratio is 92.07%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on D shares. Morgan Stanley decreased their price target on shares of Dominion Energy from $62.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, June 18th. JPMorgan Chase & Co. boosted their price target on shares of Dominion Energy from $53.00 to $56.00 and gave the company an “underweight” rating in a report on Tuesday, July 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $59.14.

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.