M&R Capital Management Inc. Reduces Stock Holdings in Dominion Energy Inc (NYSE:D)

M&R Capital Management Inc. decreased its position in Dominion Energy Inc (NYSE:D) by 2.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,576 shares of the utilities provider’s stock after selling 248 shares during the quarter. M&R Capital Management Inc.’s holdings in Dominion Energy were worth $755,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of D. Larson Financial Group LLC increased its holdings in shares of Dominion Energy by 110.5% during the second quarter. Larson Financial Group LLC now owns 381 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 200 shares in the last quarter. Demars Financial Group LLC bought a new position in shares of Dominion Energy during the second quarter valued at $32,000. Rockbridge Investment Management LCC bought a new position in shares of Dominion Energy during the second quarter valued at $32,000. Bellevue Asset Management LLC increased its holdings in shares of Dominion Energy by 50.0% during the first quarter. Bellevue Asset Management LLC now owns 450 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 150 shares in the last quarter. Finally, Blue Square Asset Management LLC bought a new position in shares of Dominion Energy during the second quarter valued at $39,000. Institutional investors and hedge funds own 66.53% of the company’s stock.

A number of equities analysts have weighed in on D shares. Mizuho lowered Dominion Energy from a “neutral” rating to an “underperform” rating and set a $68.00 target price for the company. in a research report on Tuesday, July 7th. Scotiabank increased their price objective on shares of Dominion Energy from $84.00 to $86.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 7th. TheStreet downgraded shares of Dominion Energy from a “b-” rating to a “c+” rating in a research report on Friday, July 31st. Credit Suisse Group downgraded shares of Dominion Energy from an “outperform” rating to a “neutral” rating and set a $75.00 price objective on the stock. in a research report on Tuesday, July 7th. Finally, Seaport Global Securities started coverage on shares of Dominion Energy in a research report on Tuesday, June 9th. They set a “buy” rating and a $93.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $81.94.

In other news, CEO Thomas F. Farrell II sold 50,000 shares of the stock in a transaction on Monday, September 14th. The shares were sold at an average price of $80.63, for a total value of $4,031,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,101,044 shares of the company’s stock, valued at $88,777,177.72. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.26% of the company’s stock.

D stock traded down $0.34 during midday trading on Thursday, reaching $78.59. 4,889,417 shares of the company’s stock traded hands, compared to its average volume of 4,085,764. The stock’s 50-day moving average is $78.50 and its 200 day moving average is $78.70. The company has a current ratio of 0.64, a quick ratio of 0.46 and a debt-to-equity ratio of 1.30. The stock has a market cap of $66.03 billion, a P/E ratio of 106.18, a PEG ratio of 6.33 and a beta of 0.37. Dominion Energy Inc has a 52-week low of $57.79 and a 52-week high of $90.89.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Friday, July 31st. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.05. The firm had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.99 billion. Dominion Energy had a net margin of 3.77% and a return on equity of 12.09%. The company’s revenue for the quarter was down 9.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.77 earnings per share. As a group, research analysts expect that Dominion Energy Inc will post 3.62 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Sunday, September 20th. Stockholders of record on Friday, September 4th were paid a $0.94 dividend. The ex-dividend date was Thursday, September 3rd. This represents a $3.76 dividend on an annualized basis and a dividend yield of 4.78%. Dominion Energy’s dividend payout ratio (DPR) is presently 88.68%.

Dominion Energy Company 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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