Dominion Energy Inc (D) Stake Lowered by Bridgewater Associates LP

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Bridgewater Associates LP trimmed its position in shares of Dominion Energy Inc (NYSE:D) by 52.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,170 shares of the utilities provider’s stock after selling 56,746 shares during the period. Bridgewater Associates LP’s holdings in Dominion Energy were worth $3,557,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Argent Trust Co increased its holdings in Dominion Energy by 27.1% in the 4th quarter. Argent Trust Co now owns 10,782 shares of the utilities provider’s stock valued at $874,000 after acquiring an additional 2,297 shares during the last quarter. Global X Management Co. LLC grew its stake in shares of Dominion Energy by 17.9% in the 1st quarter. Global X Management Co. LLC now owns 6,090 shares of the utilities provider’s stock worth $411,000 after buying an additional 925 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Dominion Energy by 12.0% in the 1st quarter. Daiwa Securities Group Inc. now owns 21,521 shares of the utilities provider’s stock worth $1,451,000 after buying an additional 2,310 shares in the last quarter. Mackay Shields LLC purchased a new position in shares of Dominion Energy in the 1st quarter worth $8,905,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Dominion Energy by 1.4% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 143,039 shares of the utilities provider’s stock worth $9,645,000 after buying an additional 2,032 shares in the last quarter. Hedge funds and other institutional investors own 67.30% of the company’s stock.

NYSE:D opened at $72.45 on Thursday. Dominion Energy Inc has a one year low of $61.53 and a one year high of $85.30. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.52 and a quick ratio of 0.36. The stock has a market capitalization of $46.27 billion, a PE ratio of 20.13, a price-to-earnings-growth ratio of 2.83 and a beta of 0.26.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Wednesday, August 1st. The utilities provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.79 by $0.07. Dominion Energy had a net margin of 23.69% and a return on equity of 13.13%. The business had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.04 billion. During the same quarter in the previous year, the business posted $0.67 EPS. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. research analysts forecast that Dominion Energy Inc will post 4.12 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 20th. Investors of record on Friday, September 7th will be paid a dividend of $0.835 per share. The ex-dividend date of this dividend is Thursday, September 6th. This represents a $3.34 annualized dividend and a dividend yield of 4.61%. Dominion Energy’s dividend payout ratio (DPR) is presently 92.78%.

In other news, Director John W. Harris acquired 10,000 shares of Dominion Energy stock in a transaction that occurred on Tuesday, August 28th. The stock was purchased at an average price of $71.15 per share, for a total transaction of $711,500.00. Following the purchase, the director now directly owns 17,495 shares in the company, valued at approximately $1,244,769.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.34% of the company’s stock.

A number of brokerages have commented on D. ValuEngine raised shares of Dominion Energy from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 26th. Guggenheim reissued a “buy” rating and issued a $77.00 price objective on shares of Dominion Energy in a research note on Monday, July 23rd. JPMorgan Chase & Co. lifted their price objective on shares of Dominion Energy from $67.00 to $70.00 and gave the stock a “hold” rating in a research note on Monday, July 23rd. Zacks Investment Research raised shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a research note on Monday, July 2nd. Finally, Bank of America dropped their price objective on shares of Dominion Energy from $72.00 to $71.00 and set a “neutral” rating for the company in a research note on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the company. Dominion Energy has a consensus rating of “Hold” and an average price target of $84.09.

About Dominion Energy

Dominion Energy, Inc produces and transports energy in the United States. 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 through gas, coal, nuclear, oil, renewables, biomass, hydro, solar, and power purchase agreements; and related energy supply operations.

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

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