Huntington National Bank lowered its stake in Dominion Energy Inc. (NYSE:D) by 0.3% during the second quarter, Holdings Channel reports. The institutional investor owned 282,318 shares of the utilities provider’s stock after selling 768 shares during the period. Huntington National Bank’s holdings in Dominion Energy were worth $21,634,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tradewinds Capital Management LLC boosted its position in Dominion Energy by 1.0% in the first quarter. Tradewinds Capital Management LLC now owns 1,306 shares of the utilities provider’s stock valued at $101,000 after buying an additional 13 shares in the last quarter. Enterprise Financial Services Corp boosted its stake in shares of Dominion Energy by 62.6% in the first quarter. Enterprise Financial Services Corp now owns 1,376 shares of the utilities provider’s stock worth $107,000 after buying an additional 530 shares during the period. Clean Yield Group purchased a new stake in shares of Dominion Energy during the first quarter worth about $117,000. Bollard Group LLC boosted its stake in shares of Dominion Energy by 0.8% in the second quarter. Bollard Group LLC now owns 1,528 shares of the utilities provider’s stock worth $117,000 after buying an additional 12 shares during the period. Finally, Advantage Investment Management LLC boosted its stake in shares of Dominion Energy by 247.7% in the first quarter. Advantage Investment Management LLC now owns 1,582 shares of the utilities provider’s stock worth $123,000 after buying an additional 1,127 shares during the period. 66.12% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Inc. (NYSE D) traded down 0.55% during mid-day trading on Friday, reaching $77.39. The company’s stock had a trading volume of 1,462,487 shares. The firm has a 50-day moving average of $77.07 and a 200-day moving average of $77.23. The stock has a market capitalization of $49.73 billion, a price-to-earnings ratio of 22.40 and a beta of 0.28. Dominion Energy Inc. has a 52 week low of $69.51 and a 52 week high of $81.65.

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

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Friday, September 1st will be paid a $0.755 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $3.02 dividend on an annualized basis and a yield of 3.90%. Dominion Energy’s payout ratio is currently 87.28%.

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A number of analysts recently issued reports on D shares. Zacks Investment Research raised Dominion Energy from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research report on Tuesday, July 11th. Morgan Stanley decreased their target price on Dominion Energy from $81.00 to $79.00 and set an “equal weight” rating for the company in a research report on Monday, May 8th. Royal Bank Of Canada set a $77.00 target price on Dominion Energy and gave the company a “hold” rating in a research report on Saturday, June 3rd. BidaskClub cut Dominion Energy from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Finally, Deutsche Bank AG upped their target price on Dominion Energy from $76.00 to $77.00 and gave the company a “hold” rating in a research report on Thursday, August 3rd. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Dominion Energy currently has an average rating of “Hold” and an average price target 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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