Patten Group Inc. decreased its stake in shares of Dominion Energy Inc. (NYSE:D) by 0.7% during the first quarter, Holdings Channel reports. The institutional investor owned 9,511 shares of the utilities provider’s stock after selling 69 shares during the period. Patten Group Inc.’s holdings in Dominion Energy were worth $738,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in D. BlackRock Inc. increased its position in Dominion Energy by 3,615.9% in the first quarter. BlackRock Inc. now owns 45,518,516 shares of the utilities provider’s stock valued at $3,530,873,000 after buying an additional 44,293,566 shares during the last quarter. Vanguard Group Inc. increased its position in Dominion Energy by 3.4% in the first quarter. Vanguard Group Inc. now owns 43,602,368 shares of the utilities provider’s stock valued at $3,382,237,000 after buying an additional 1,435,767 shares during the last quarter. Wells Fargo & Company MN increased its position in Dominion Energy by 24.0% in the first quarter. Wells Fargo & Company MN now owns 4,900,432 shares of the utilities provider’s stock valued at $380,127,000 after buying an additional 949,647 shares during the last quarter. Epoch Investment Partners Inc. increased its position in Dominion Energy by 44.1% in the first quarter. Epoch Investment Partners Inc. now owns 2,741,725 shares of the utilities provider’s stock valued at $212,676,000 after buying an additional 838,574 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in Dominion Energy by 2.7% in the first quarter. Wellington Management Group LLP now owns 30,572,031 shares of the utilities provider’s stock valued at $2,371,472,000 after buying an additional 790,484 shares during the last quarter. 64.83% of the stock is owned by hedge funds and other institutional investors.

Shares of Dominion Energy Inc. (D) traded up 0.3861% during mid-day trading on Tuesday, hitting $77.9799. The stock had a trading volume of 401,726 shares. The stock’s 50-day moving average is $77.05 and its 200 day moving average is $77.26. The company has a market cap of $50.11 billion, a PE ratio of 22.5702 and a beta of 0.28. Dominion Energy Inc. has a 12 month low of $69.51 and a 12 month high of $81.65.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. The firm had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.94 billion. Dominion Energy had a return on equity of 14.04% and a net margin of 17.48%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.71 earnings per share. On average, equities research analysts forecast that Dominion Energy Inc. will post $3.64 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Friday, September 1st will be paid a $0.755 dividend. This represents a $3.02 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date of this dividend is Wednesday, August 30th. Dominion Energy’s dividend payout ratio (DPR) is 87.28%.

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Several research analysts have commented on the company. Royal Bank Of Canada set a $77.00 target price on Dominion Energy and gave the stock a “hold” rating in a research note on Saturday, June 3rd. Morgan Stanley cut their target price on Dominion Energy from $81.00 to $79.00 and set an “equal weight” rating for the company in a research note on Monday, May 8th. Deutsche Bank AG raised their target price on Dominion Energy from $76.00 to $77.00 and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Zacks Investment Research downgraded Dominion Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Finally, BidaskClub downgraded Dominion Energy from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $80.57.

Dominion Energy Company Profile

Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.

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

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