Meyer Handelman Co. Cuts Position in Dominion Energy, Inc. (NYSE:D)

Meyer Handelman Co. decreased its position in Dominion Energy, Inc. (NYSE:DGet Rating) by 3.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,233 shares of the utilities provider’s stock after selling 500 shares during the quarter. Meyer Handelman Co.’s holdings in Dominion Energy were worth $1,296,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Accurate Wealth Management LLC grew its position in Dominion Energy by 4.0% during the first quarter. Accurate Wealth Management LLC now owns 3,261 shares of the utilities provider’s stock valued at $277,000 after purchasing an additional 124 shares in the last quarter. Sheaff Brock Investment Advisors LLC grew its position in Dominion Energy by 3.0% during the first quarter. Sheaff Brock Investment Advisors LLC now owns 4,250 shares of the utilities provider’s stock valued at $361,000 after purchasing an additional 125 shares in the last quarter. Rothschild Investment Corp IL grew its position in Dominion Energy by 0.5% during the first quarter. Rothschild Investment Corp IL now owns 23,885 shares of the utilities provider’s stock valued at $2,030,000 after purchasing an additional 127 shares in the last quarter. Hartford Financial Management Inc. grew its position in Dominion Energy by 0.3% in the first quarter. Hartford Financial Management Inc. now owns 45,300 shares of the utilities provider’s stock worth $3,849,000 after acquiring an additional 128 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV grew its position in Dominion Energy by 1.2% in the first quarter. Nations Financial Group Inc. IA ADV now owns 10,630 shares of the utilities provider’s stock worth $903,000 after acquiring an additional 128 shares in the last quarter. Hedge funds and other institutional investors own 69.75% of the company’s stock.

Wall Street Analysts Forecast Growth

D has been the subject of several recent research reports. Barclays decreased their target price on shares of Dominion Energy from $93.00 to $86.00 and set an “equal weight” rating for the company in a research report on Monday, July 18th. Morgan Stanley decreased their target price on shares of Dominion Energy from $92.00 to $90.00 and set an “equal weight” rating for the company in a research report on Thursday. Mizuho decreased their target price on shares of Dominion Energy from $87.00 to $81.00 in a research report on Friday, July 15th. UBS Group reduced their price objective on shares of Dominion Energy from $99.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday, June 30th. Finally, BMO Capital Markets boosted their price objective on shares of Dominion Energy from $87.00 to $91.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $86.00.

Dominion Energy Price Performance

NYSE:D traded down $1.37 during mid-day trading on Friday, reaching $77.07. 49,169 shares of the company were exchanged, compared to its average volume of 3,579,091. Dominion Energy, Inc. has a 12 month low of $70.37 and a 12 month high of $88.78. The company has a fifty day moving average of $81.78 and a 200 day moving average of $82.08. The company has a quick ratio of 0.74, a current ratio of 0.86 and a debt-to-equity ratio of 1.44. The stock has a market cap of $64.16 billion, a PE ratio of 28.98, a PEG ratio of 3.03 and a beta of 0.41.

Dominion Energy (NYSE:DGet Rating) last issued its earnings results on Monday, August 8th. The utilities provider reported $0.77 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.77. The company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.51 billion. Dominion Energy had a net margin of 15.09% and a return on equity of 12.95%. The company’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.76 EPS. On average, research analysts anticipate that Dominion Energy, Inc. will post 4.11 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 20th. Investors of record on Friday, September 2nd were given a $0.6675 dividend. The ex-dividend date of this dividend was Thursday, September 1st. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.46%. Dominion Energy’s dividend payout ratio is 100.00%.

Dominion Energy Profile

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Dominion Energy, Inc produces and distributes energy in the United States. The company operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.7 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.

See Also

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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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