Dominion Energy, Inc. (NYSE:D) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC lessened its holdings in Dominion Energy, Inc. (NYSE:D) by 5.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 222,355 shares of the utilities provider’s stock after selling 11,854 shares during the period. Wedge Capital Management L L P NC’s holdings in Dominion Energy were worth $12,467,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in Dominion Energy by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 89,513,956 shares of the utilities provider’s stock valued at $4,821,222,000 after buying an additional 674,859 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Dominion Energy by 4.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 30,960,638 shares of the utilities provider’s stock valued at $1,667,540,000 after acquiring an additional 1,459,926 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Dominion Energy by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 18,477,121 shares of the utilities provider’s stock valued at $997,034,000 after acquiring an additional 601,900 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Dominion Energy by 7.7% in the 4th quarter. Bank of New York Mellon Corp now owns 14,938,848 shares of the utilities provider’s stock worth $804,606,000 after acquiring an additional 1,068,996 shares during the last quarter. Finally, Bank of America Corp DE lifted 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 worth $643,422,000 after acquiring an additional 336,747 shares during the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Trading Down 0.3%

D opened at $55.81 on Monday. Dominion Energy, Inc. has a 12 month low of $47.99 and a 12 month high of $61.97. The stock has a market capitalization of $47.59 billion, a price-to-earnings ratio of 20.67, a PEG ratio of 1.22 and a beta of 0.56. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The business has a fifty day moving average price of $54.45 and a 200 day moving average price of $54.90.

Dominion Energy (NYSE:D) last released its 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 8.99% and a net margin of 16.22%. The firm had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $3.95 billion. During the same period in the previous year, the firm posted $0.55 EPS. Dominion Energy’s revenue for the quarter was up 12.2% on a year-over-year basis. Sell-side analysts expect that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Thursday, May 29th will be given a dividend of $0.6675 per share. The ex-dividend date is Thursday, May 29th. This represents a $2.67 annualized dividend and a dividend yield of 4.78%. Dominion Energy’s dividend payout ratio is currently 100.00%.

Wall Street Analyst Weigh In

D has been the subject of a number of research reports. UBS Group lifted their price objective 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 dropped their price objective on Dominion Energy from $63.00 to $62.00 and set an “equal weight” rating for the company in a research note on Thursday, May 22nd. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $52.00 price objective (down from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. Finally, Argus raised Dominion Energy to a “hold” rating in a research note on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Dominion Energy currently has an average rating of “Hold” and a consensus target price of $58.63.

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.