Sachetta LLC Lowers Stake in Dominion Energy Inc. (NYSE:D)

Sachetta LLC trimmed its position in shares of Dominion Energy Inc. (NYSE:D) by 30.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,381 shares of the utilities provider’s stock after selling 612 shares during the period. Sachetta LLC’s holdings in Dominion Energy were worth $77,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of D. Vanguard Group Inc. raised its stake in shares of Dominion Energy by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 89,513,956 shares of the utilities provider’s stock valued at $4,821,222,000 after acquiring an additional 674,859 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Dominion Energy by 4.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 30,960,638 shares of the utilities provider’s stock worth $1,667,540,000 after acquiring an additional 1,459,926 shares during the last quarter. Geode Capital Management LLC grew its holdings in Dominion Energy by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 18,477,121 shares of the utilities provider’s stock worth $997,034,000 after acquiring an additional 601,900 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Dominion Energy by 6.3% in the 1st quarter. Bank of New York Mellon Corp now owns 15,878,683 shares of the utilities provider’s stock valued at $890,318,000 after purchasing an additional 939,835 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Dominion Energy by 2.9% in the 4th quarter. Bank of America Corp DE now owns 11,946,195 shares of the utilities provider’s stock valued at $643,422,000 after purchasing an additional 336,747 shares in the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Trading Up 0.9%

Shares of D stock opened at $57.71 on Friday. Dominion Energy Inc. has a 1-year low of $48.07 and a 1-year high of $61.97. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.73 and a quick ratio of 0.53. The business’s fifty day moving average price is $56.03 and its 200 day moving average price is $55.03. The firm has a market capitalization of $49.22 billion, a PE ratio of 21.61, a P/E/G ratio of 1.24 and a beta of 0.56.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.93 EPS for the quarter, topping the consensus estimate of $0.82 by $0.11. Dominion Energy had a return on equity of 9.51% and a net margin of 15.55%. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $3.95 billion. During the same quarter in the previous year, the company earned $0.55 EPS. The company’s quarterly revenue was up 12.2% on a year-over-year basis. As a group, sell-side analysts forecast that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Thursday, May 29th were issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.63%. The ex-dividend date was Thursday, May 29th. Dominion Energy’s dividend payout ratio (DPR) is presently 100.00%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on D shares. UBS Group raised their price target on Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Morgan Stanley cut their target price on Dominion Energy from $62.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 18th. Argus raised shares of Dominion Energy to a “hold” rating in a report on Tuesday, March 25th. Finally, JPMorgan Chase & Co. boosted their target price on Dominion Energy from $53.00 to $56.00 and gave the company an “underweight” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $58.88.

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.