Wedbush Securities Inc. cut its stake in Dominion Energy Inc. (NYSE:D) by 1.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,737 shares of the utilities provider’s stock after selling 179 shares during the quarter. Wedbush Securities Inc.’s holdings in Dominion Energy were worth $1,053,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares 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 acquiring an additional 44,293,566 shares during 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 acquiring an additional 1,435,767 shares during the last quarter. 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 acquiring an additional 949,647 shares during the last quarter. Epoch Investment Partners Inc. increased its stake in shares of Dominion Energy by 44.1% in the first quarter. Epoch Investment Partners Inc. now owns 2,741,725 shares of the utilities provider’s stock worth $212,676,000 after acquiring an additional 838,574 shares during the last quarter. Finally, 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 acquiring an additional 790,484 shares during the last quarter. 64.49% of the stock is currently owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY NOTICE: This report was originally posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this report on another domain, it was illegally copied and reposted in violation of US & international copyright & trademark law. The correct version of this report can be accessed at https://sportsperspectives.com/2017/09/11/wedbush-securities-inc-reduces-stake-in-dominion-energy-inc-d.html.
Shares of Dominion Energy Inc. (NYSE:D) opened at 79.24 on Monday. The company has a 50-day moving average of $78.20 and a 200-day moving average of $77.93. The company has a market capitalization of $50.92 billion, a PE ratio of 22.93 and a beta of 0.29. Dominion Energy Inc. has a one year low of $69.51 and a one year high of $81.65.
Dominion Energy (NYSE:D) last issued its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (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 firm had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same period in the previous year, the business earned $0.71 EPS. The company’s revenue was up 8.3% compared to the same quarter last year. On average, analysts anticipate that Dominion Energy Inc. will post $3.64 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.755 per share. The ex-dividend date is Wednesday, August 30th. This represents a $3.02 annualized dividend and a dividend yield of 3.81%. Dominion Energy’s dividend payout ratio is presently 87.28%.
A number of equities 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 $85.00 price target on the stock in a research note on Tuesday, July 11th. Royal Bank Of Canada set a $77.00 price objective on shares of Dominion Energy and gave the stock a “hold” rating in a report on Saturday, June 3rd. BidaskClub cut shares of Dominion Energy from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. KeyCorp reiterated a “hold” rating on shares of Dominion Energy in a report on Friday, September 1st. Finally, Deutsche Bank AG upped their price objective on shares of Dominion Energy from $76.00 to $77.00 and gave the stock 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 issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $80.57.
Dominion Energy 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.
Receive News & Ratings for Dominion Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dominion Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.