Marble Harbor Investment Counsel LLC lowered its position in Dominion Energy Inc (NYSE:D) by 23.6% in the 2nd quarter, Holdings Channel reports. The firm owned 3,400 shares of the utilities provider’s stock after selling 1,050 shares during the quarter. Marble Harbor Investment Counsel LLC’s holdings in Dominion Energy were worth $232,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Kaizen Advisory LLC raised its stake in shares of Dominion Energy by 136.6% during the second quarter. Kaizen Advisory LLC now owns 1,474 shares of the utilities provider’s stock valued at $100,000 after acquiring an additional 851 shares in the last quarter. Lee Financial Co raised its stake in shares of Dominion Energy by 1,549.0% during the first quarter. Lee Financial Co now owns 1,616 shares of the utilities provider’s stock valued at $109,000 after acquiring an additional 1,518 shares in the last quarter. KHP Capital LLC bought a new stake in shares of Dominion Energy during the first quarter valued at approximately $137,000. Macroview Investment Management LLC bought a new stake in shares of Dominion Energy during the first quarter valued at approximately $144,000. Finally, Private Capital Group LLC raised its stake in shares of Dominion Energy by 1,708.3% during the first quarter. Private Capital Group LLC now owns 2,170 shares of the utilities provider’s stock valued at $146,000 after acquiring an additional 2,050 shares in the last quarter. 67.72% of the stock is owned by institutional investors and hedge funds.

Several analysts have recently weighed in on D shares. Zacks Investment Research raised shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $81.00 price target for the company in a research note on Tuesday, August 7th. Scotiabank initiated coverage on shares of Dominion Energy in a research note on Tuesday, July 24th. They issued a “hold” rating and a $167.00 price objective for the company. JPMorgan Chase & Co. reduced their price objective on shares of Dominion Energy from $67.00 to $62.00 and set a “hold” rating for the company in a research note on Thursday, June 7th. ValuEngine downgraded shares of Dominion Energy from a “sell” rating to a “strong sell” rating in a research note on Tuesday, May 22nd. Finally, Bank of America reduced their price objective on shares of Dominion Energy from $72.00 to $71.00 and set a “neutral” rating for the company in a research note on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $83.50.

NYSE D opened at $71.78 on Tuesday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.36 and a current ratio of 0.52. Dominion Energy Inc has a 12-month low of $61.53 and a 12-month high of $85.30. The firm has a market capitalization of $46.91 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 2.88 and a beta of 0.28.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Wednesday, August 1st. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.07. Dominion Energy had a net margin of 23.69% and a return on equity of 13.13%. The business had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.04 billion. During the same period in the previous year, the company earned $0.67 earnings per share. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. sell-side analysts anticipate that Dominion Energy Inc will post 4.13 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 20th. Stockholders of record on Friday, September 7th will be issued a dividend of $0.835 per share. This represents a $3.34 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date is Thursday, September 6th. Dominion Energy’s dividend payout ratio (DPR) is presently 92.78%.

About Dominion Energy

Dominion Energy, Inc produces and transports energy in the United States. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities through gas, coal, nuclear, oil, renewables, biomass, hydro, solar, and power purchase agreements; and related energy supply operations.

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

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