Perigon Wealth Management LLC cut its position in shares of Dominion Energy Inc. (NYSE:D) by 1.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,445 shares of the utilities provider’s stock after selling 390 shares during the period. Perigon Wealth Management LLC’s holdings in Dominion Energy were worth $2,051,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. boosted its position 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. boosted its position 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 boosted its position 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 boosted its position 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 boosted its position 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. 64.83% of the stock is owned by hedge funds and other institutional investors.

Shares of Dominion Energy Inc. (NYSE:D) traded up 0.3861% during midday trading on Tuesday, hitting $77.9799. 401,726 shares of the company were exchanged. The company has a 50-day moving average of $77.05 and a 200 day moving average of $77.26. Dominion Energy Inc. has a one year low of $69.51 and a one year high of $81.65. The company has a market capitalization of $50.11 billion, a P/E ratio of 22.5702 and a beta of 0.28.

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, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.01. Dominion Energy had a net margin of 17.48% and a return on equity of 14.04%. The business had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the prior year, the business posted $0.71 earnings per share. Dominion Energy’s 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 fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Friday, September 1st will be given a dividend of $0.755 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $3.02 annualized dividend and a yield of 3.89%. Dominion Energy’s dividend payout ratio is 87.28%.

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A number of brokerages have recently issued reports 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. Zacks Investment Research cut shares of Dominion Energy from a “hold” rating to a “sell” rating in a research note on Monday, June 12th. BidaskClub cut shares of Dominion Energy from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Morgan Stanley dropped their price objective on shares of 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. Finally, Deutsche Bank AG increased 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. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus 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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