Webster Bank N. A. decreased its position in Dominion Energy Inc (NYSE:D) by 5.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,825 shares of the utilities provider’s stock after selling 268 shares during the period. Webster Bank N. A.’s holdings in Dominion Energy were worth $392,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quadrant Capital Group LLC increased its position in shares of Dominion Energy by 120.4% during the fourth quarter. Quadrant Capital Group LLC now owns 3,055 shares of the utilities provider’s stock valued at $227,000 after buying an additional 1,669 shares during the period. Vestcor Investment Management Corp bought a new position in Dominion Energy in the 4th quarter valued at $1,182,000. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Dominion Energy by 6.9% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,936 shares of the utilities provider’s stock valued at $243,000 after purchasing an additional 190 shares during the period. Cipher Capital LP purchased a new position in shares of Dominion Energy during the 4th quarter valued at $4,501,000. Finally, Stifel Financial Corp increased its holdings in shares of Dominion Energy by 8.7% in the fourth quarter. Stifel Financial Corp now owns 813,340 shares of the utilities provider’s stock worth $67,157,000 after purchasing an additional 65,300 shares during the period. 66.46% of the stock is owned by institutional investors and hedge funds.

Shares of Dominion Energy stock opened at $73.77 on Friday. Dominion Energy Inc has a 12-month low of $57.79 and a 12-month high of $90.89. The company has a current ratio of 0.63, a quick ratio of 0.47 and a debt-to-equity ratio of 1.14. The stock has a market cap of $63.13 billion, a PE ratio of 33.53, a price-to-earnings-growth ratio of 6.83 and a beta of 0.42. The company has a 50-day moving average of $82.42 and a two-hundred day moving average of $81.01.

Dominion Energy (NYSE:D) last announced its earnings results on Tuesday, May 5th. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.10 by ($0.01). Dominion Energy had a return on equity of 11.97% and a net margin of 10.80%. The firm had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.74 billion. During the same quarter last year, the business posted $1.10 EPS. The firm’s revenue was up 16.5% compared to the same quarter last year. On average, sell-side analysts forecast that Dominion Energy Inc will post 3.63 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Saturday, June 20th. Stockholders of record on Friday, June 5th were issued a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 5.10%. The ex-dividend date of this dividend was Thursday, June 4th. Dominion Energy’s dividend payout ratio (DPR) is presently 88.68%.

Several equities analysts recently commented on D shares. Zacks Investment Research upgraded Dominion Energy from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a research note on Wednesday, May 20th. Morgan Stanley increased their price target on shares of Dominion Energy from $84.00 to $85.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 17th. Credit Suisse Group cut shares of Dominion Energy from an “outperform” rating to a “neutral” rating and set a $75.00 price objective for the company. in a research note on Tuesday. JPMorgan Chase & Co. dropped their price target on Dominion Energy from $87.00 to $85.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 27th. Finally, Barclays cut their price objective on shares of Dominion Energy from $93.00 to $74.00 and set an “overweight” rating on the stock in a research report on Thursday, March 26th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. Dominion Energy has a consensus rating of “Hold” and a consensus price target of $82.19.

Dominion Energy Profile

Dominion Energy, Inc produces and transports energy. 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.

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

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