Coldstream Capital Management Inc. Trims Position in Dominion Energy Inc (NYSE:D)

Coldstream Capital Management Inc. lessened its position in shares of Dominion Energy Inc (NYSE:D) by 11.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,963 shares of the utilities provider’s stock after selling 386 shares during the period. Coldstream Capital Management Inc.’s holdings in Dominion Energy were worth $227,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Nalls Sherbakoff Group LLC bought a new stake in Dominion Energy during the fourth quarter valued at $26,000. Interactive Financial Advisors bought a new stake in Dominion Energy during the first quarter valued at $26,000. Altshuler Shaham Ltd acquired a new position in shares of Dominion Energy during the fourth quarter valued at about $27,000. Massey Quick Simon & CO. LLC acquired a new position in shares of Dominion Energy during the first quarter valued at about $27,000. Finally, Mark Sheptoff Financial Planning LLC raised its holdings in shares of Dominion Energy by 133.3% during the first quarter. Mark Sheptoff Financial Planning LLC now owns 350 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 200 shares during the period. Institutional investors own 63.80% of the company’s stock.

D has been the topic of a number of analyst reports. Macquarie lowered shares of Dominion Energy from an “outperform” rating to a “neutral” rating in a report on Monday, March 18th. They noted that the move was a valuation call. Wolfe Research set a $79.00 target price on shares of Dominion Energy and gave the stock a “hold” rating in a report on Monday, March 18th. Zacks Investment Research lowered shares of Dominion Energy from a “hold” rating to a “sell” rating in a report on Friday, March 8th. Mizuho initiated coverage on shares of Dominion Energy in a research note on Monday, March 11th. They issued a “neutral” rating and a $76.00 price objective for the company. Finally, Bank of America upgraded shares of Dominion Energy from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $79.00 to $80.00 in a research note on Thursday, June 13th. They noted that the move was a valuation call. Twelve research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $85.85.

NYSE:D traded down $0.27 during mid-day trading on Monday, hitting $77.05. 4,646,258 shares of the company’s stock were exchanged, compared to its average volume of 4,384,359. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.44 and a current ratio of 0.61. The stock has a market cap of $62.04 billion, a P/E ratio of 19.02, a PEG ratio of 3.83 and a beta of 0.27. Dominion Energy Inc has a one year low of $67.30 and a one year high of $79.47. The company has a fifty day moving average price of $76.48.

Dominion Energy (NYSE:D) last issued its earnings results on Friday, May 3rd. The utilities provider reported $1.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.02). The company had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $4.84 billion. Dominion Energy had a return on equity of 12.35% and a net margin of 9.19%. Dominion Energy’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.14 EPS. Equities analysts predict that Dominion Energy Inc will post 4.19 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Friday, June 7th were paid a $0.9175 dividend. This represents a $3.67 annualized dividend and a dividend yield of 4.76%. The ex-dividend date was Thursday, June 6th. Dominion Energy’s dividend payout ratio is currently 90.62%.

About Dominion Energy

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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