Lowe Brockenbrough & Co. Inc. decreased its position in shares of Dominion Energy Inc. (NYSE:D) by 1.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,582 shares of the utilities provider’s stock after selling 177 shares during the period. Lowe Brockenbrough & Co. Inc.’s holdings in Dominion Energy were worth $1,054,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of D. BlackRock Inc. increased its stake in shares of Dominion Energy by 3,615.9% in the first quarter. BlackRock Inc. now owns 45,518,516 shares of the utilities provider’s stock worth $3,530,873,000 after buying an additional 44,293,566 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Dominion Energy by 3.4% in the first quarter. Vanguard Group Inc. now owns 43,602,368 shares of the utilities provider’s stock worth $3,382,237,000 after buying an additional 1,435,767 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of 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 worth $2,371,472,000 after buying an additional 790,484 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Dominion Energy by 7.7% in the first quarter. Geode Capital Management LLC now owns 5,843,417 shares of the utilities provider’s stock worth $452,596,000 after buying an additional 420,250 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of 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 worth $380,127,000 after buying an additional 949,647 shares in the last quarter. 66.12% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Inc. (D) traded down 0.55% on Friday, hitting $77.39. The stock had a trading volume of 1,462,487 shares. The company has a market capitalization of $49.73 billion, a PE ratio of 22.40 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. The company has a 50 day moving average of $77.07 and a 200 day moving average of $77.23.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Friday, September 1st will be issued a $0.755 dividend. The ex-dividend date 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 87.28%.

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A number of equities analysts have recently issued reports 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 report on Saturday, June 3rd. Zacks Investment Research cut Dominion Energy from a “hold” rating to a “sell” rating in a report on Monday, June 12th. BidaskClub cut Dominion Energy from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Morgan Stanley dropped their price target on Dominion Energy from $81.00 to $79.00 and set an “equal weight” rating for the company in a report on Monday, May 8th. Finally, Deutsche Bank AG raised their price target on Dominion Energy from $76.00 to $77.00 and gave the company a “hold” rating in a report on Thursday, August 3rd. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Dominion Energy has a consensus rating of “Hold” and a consensus price target of $80.57.

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

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