Leisure Capital Management Sells 88 Shares of Dominion Energy Inc. (D)
Leisure Capital Management trimmed its stake in Dominion Energy Inc. (NYSE:D) by 3.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 2,616 shares of the utilities provider’s stock after selling 88 shares during the quarter. Leisure Capital Management’s holdings in Dominion Energy were worth $201,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of D. Candriam Luxembourg S.C.A. raised its stake in shares of Dominion Energy by 3.8% during the second quarter. Candriam Luxembourg S.C.A. now owns 41,042 shares of the utilities provider’s stock valued at $3,145,000 after purchasing an additional 1,488 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of Dominion Energy by 4.1% during the second quarter. Bessemer Group Inc. now owns 17,265 shares of the utilities provider’s stock valued at $1,324,000 after purchasing an additional 674 shares in the last quarter. Aviva PLC raised its stake in shares of Dominion Energy by 2.0% during the second quarter. Aviva PLC now owns 395,741 shares of the utilities provider’s stock valued at $30,330,000 after purchasing an additional 7,620 shares in the last quarter. IBM Retirement Fund raised its stake in shares of Dominion Energy by 123.8% during the second quarter. IBM Retirement Fund now owns 15,374 shares of the utilities provider’s stock valued at $1,316,000 after purchasing an additional 8,506 shares in the last quarter. Finally, LMR Partners LLP bought a new stake in shares of Dominion Energy during the second quarter valued at about $677,000. Institutional investors own 64.44% of the company’s stock.
A number of brokerages recently weighed in on D. Royal Bank Of Canada set a $77.00 price objective on shares of Dominion Energy and gave the company a “hold” rating in a research note on Saturday, June 3rd. Deutsche Bank AG lifted their price objective on shares of Dominion Energy from $76.00 to $77.00 and gave the company a “hold” rating in a research note on Thursday, August 3rd. Zacks Investment Research upgraded shares of Dominion Energy from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $78.00 price objective on shares of Dominion Energy in a research note on Thursday, September 14th. Finally, KeyCorp restated a “hold” rating on shares of Dominion Energy in a research note on Friday, September 1st. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Dominion Energy presently has a consensus rating of “Hold” and an average target price of $80.25.
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Shares of Dominion Energy Inc. (NYSE:D) opened at 76.93 on Friday. The company has a market capitalization of $49.43 billion, a PE ratio of 22.27 and a beta of 0.29. Dominion Energy Inc. has a 12 month low of $69.51 and a 12 month high of $81.65. The firm has a 50-day moving average of $78.55 and a 200 day moving average of $78.07.
Dominion Energy (NYSE:D) last issued its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, beating the 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 business had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the prior year, the firm posted $0.71 earnings per share. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, equities research analysts expect that Dominion Energy Inc. will post $3.63 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Friday, September 1st were paid a dividend of $0.755 per share. This represents a $3.02 annualized dividend and a dividend yield of 3.93%. The ex-dividend date was Wednesday, August 30th. Dominion Energy’s dividend payout ratio (DPR) is presently 87.28%.
About Dominion Energy
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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