Dupont Capital Management Corp Sells 2,144 Shares of Dominion Energy Inc. (D)

Dupont Capital Management Corp cut its stake in Dominion Energy Inc. (NYSE:D) by 4.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,847 shares of the utilities provider’s stock after selling 2,144 shares during the period. Dupont Capital Management Corp’s holdings in Dominion Energy were worth $3,590,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Dominion Energy by 3,615.9% in the 1st 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. raised its holdings in shares of Dominion Energy by 3.4% in the 1st 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 raised its holdings in shares of Dominion Energy by 2.7% in the 1st 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 raised its holdings in shares of Dominion Energy by 7.7% in the 1st 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 raised its holdings in shares of Dominion Energy by 24.0% in the 1st 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. 64.49% of the stock is owned by institutional investors and hedge funds.

D has been the subject of a number of recent research reports. Zacks Investment Research raised Dominion Energy from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a report on Tuesday, July 11th. BidaskClub cut Dominion Energy from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Citigroup Inc. dropped their price target on Dominion Energy from $78.00 to $76.00 and set a “neutral” rating for the company in a report on Wednesday, July 26th. KeyCorp reaffirmed a “hold” rating on shares of Dominion Energy in a report on Friday, September 1st. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $77.00 price target on shares of Dominion Energy in a report on Monday, August 21st. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Dominion Energy presently has an average rating of “Hold” and a consensus target price of $80.57.

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Shares of Dominion Energy Inc. (D) opened at 78.18 on Wednesday. The company’s 50-day moving average price is $78.27 and its 200-day moving average price is $78.00. Dominion Energy Inc. has a 12-month low of $69.51 and a 12-month high of $81.65. The firm has a market capitalization of $50.24 billion, a PE ratio of 22.63 and a beta of 0.29.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.67 EPS for the quarter, beating the 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 the consensus estimate of $2.94 billion. During the same period in the previous year, the business earned $0.71 earnings per share. The company’s revenue was up 8.3% on a year-over-year basis. Analysts anticipate that Dominion Energy Inc. will post $3.64 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Friday, September 1st will be given a dividend of $0.755 per share. The ex-dividend date is Wednesday, August 30th. This represents a $3.02 annualized dividend and a yield of 3.86%. Dominion Energy’s dividend payout ratio is currently 87.28%.

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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