Epoch Investment Partners Inc. lessened its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 27.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,216,810 shares of the utilities provider’s stock after selling 458,198 shares during the quarter. Epoch Investment Partners Inc. owned 0.15% of Dominion Energy worth $89,520,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in D. Smith Asset Management Group LP bought a new stake in shares of Dominion Energy in the 2nd quarter worth $29,000. Laurel Wealth Planning LLC bought a new stake in shares of Dominion Energy in the 2nd quarter worth $29,000. Moisand Fitzgerald Tamayo LLC grew its stake in shares of Dominion Energy by 83.3% in the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 440 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 200 shares in the last quarter. KB Financial Partners LLC purchased a new position in shares of Dominion Energy in the 1st quarter worth about $37,000. Finally, Logan Capital Management Inc. purchased a new position in shares of Dominion Energy in the 1st quarter worth about $38,000. Institutional investors and hedge funds own 66.10% of the company’s stock.
Shares of D stock traded up $0.54 during trading on Thursday, hitting $73.91. The company had a trading volume of 46,183 shares, compared to its average volume of 3,540,528. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 1.41. The stock’s 50-day moving average is $76.12 and its two-hundred day moving average is $76.45. The stock has a market capitalization of $59.76 billion, a price-to-earnings ratio of 26.30, a price-to-earnings-growth ratio of 2.98 and a beta of 0.35. Dominion Energy, Inc. has a 52 week low of $67.85 and a 52 week high of $86.95.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 20th. Investors of record on Friday, September 3rd were given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend was Thursday, September 2nd. Dominion Energy’s dividend payout ratio (DPR) is 71.19%.
A number of equities analysts recently weighed in on D shares. KeyCorp boosted their price target on shares of Dominion Energy from $82.00 to $83.00 and gave the stock an “overweight” rating in a report on Tuesday, July 20th. Scotiabank raised shares of Dominion Energy from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $88.00 to $92.00 in a report on Tuesday, July 6th. They noted that the move was a valuation call. Mizuho cut their price target on shares of Dominion Energy from $80.00 to $77.00 and set a “neutral” rating on the stock in a report on Tuesday, July 13th. Morgan Stanley dropped their price objective on shares of Dominion Energy from $82.00 to $80.00 and set an “equal weight” rating on the stock in a report on Friday, September 17th. Finally, TheStreet downgraded shares of Dominion Energy from a “b” rating to a “c+” rating in a report on Friday, August 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $83.90.
Dominion Energy Company Profile
Dominion Energy, Inc engages in the provision of electricity and natural gas to homes, businesses, and wholesale customers. Its operations also include a regulated interstate natural gas transmission pipeline and underground storage system. It operates through following business segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, Contracted Assets and Corporate and Other.
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