Sterling Capital Management LLC Sells 220 Shares of Dominion Energy Inc (NYSE:D)

Sterling Capital Management LLC cut its holdings in Dominion Energy Inc (NYSE:D) by 6.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,958 shares of the utilities provider’s stock after selling 220 shares during the period. Sterling Capital Management LLC’s holdings in Dominion Energy were worth $229,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Interactive Financial Advisors bought a new position in Dominion Energy during the 1st quarter valued at about $26,000. Benjamin Edwards Inc. bought a new position in Dominion Energy in the 2nd quarter worth about $26,000. Mark Sheptoff Financial Planning LLC grew its stake in Dominion Energy by 133.3% in the 1st quarter. Mark Sheptoff Financial Planning LLC now owns 350 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 200 shares in the last quarter. Manchester Financial Inc. bought a new position in Dominion Energy in the 2nd quarter worth about $27,000. Finally, NuWave Investment Management LLC grew its stake in Dominion Energy by 651.0% in the 2nd quarter. NuWave Investment Management LLC now owns 368 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 319 shares in the last quarter. Hedge funds and other institutional investors own 65.11% of the company’s stock.

In other news, VP Jeffrey Michael Zeiler bought 15,112 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was bought at an average price of $6.31 per share, with a total value of $95,356.72. Also, Director Michael E. Szymanczyk bought 21,400 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were purchased at an average cost of $78.85 per share, with a total value of $1,687,390.00. Following the transaction, the director now directly owns 19,541 shares of the company’s stock, valued at $1,540,807.85. The disclosure for this purchase can be found here. 0.26% of the stock is currently owned by corporate insiders.

Shares of D traded down $0.08 during mid-day trading on Friday, hitting $80.84. The company’s stock had a trading volume of 8,128,660 shares, compared to its average volume of 3,165,408. The company’s 50-day moving average is $76.96 and its 200-day moving average is $76.49. Dominion Energy Inc has a 52-week low of $67.41 and a 52-week high of $81.24. The firm has a market capitalization of $64.32 billion, a price-to-earnings ratio of 19.96, a PEG ratio of 4.00 and a beta of 0.22. The company has a current ratio of 0.60, a quick ratio of 0.42 and a debt-to-equity ratio of 1.38.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.02. Dominion Energy had a net margin of 5.94% and a return on equity of 11.74%. The firm had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter in the prior year, the company earned $0.86 EPS. The company’s revenue was up 28.6% compared to the same quarter last year. As a group, sell-side analysts predict that Dominion Energy Inc will post 4.14 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were given a $0.9175 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $3.67 annualized dividend and a dividend yield of 4.54%. Dominion Energy’s payout ratio is presently 90.62%.

A number of equities analysts have commented on the stock. Wolfe Research upgraded shares of Dominion Energy from a “peer perform” rating to an “outperform” rating in a research note on Thursday, August 1st. Bank of America upgraded shares of Dominion Energy from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $79.00 to $80.00 in a research note on Thursday, June 13th. They noted that the move was a valuation call. Morgan Stanley set a $84.00 target price on shares of Dominion Energy and gave the stock a “hold” rating in a research note on Friday, August 16th. TheStreet upgraded shares of Dominion Energy from a “c+” rating to a “b-” rating in a research note on Thursday. Finally, Zacks Investment Research downgraded shares of Dominion Energy from a “hold” rating to a “sell” rating and set a $83.00 target price on the stock. in a research note on Thursday, July 4th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $79.64.

Dominion Energy Company Profile

Dominion Energy, Inc produces and transports energy. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities.

See Also: Net Margin

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:D).

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.