Sadoff Investment Management LLC lowered its position in Dominion Energy Inc. (NYSE:D) by 7.1% during the second quarter, Holdings Channel reports. The fund owned 3,748 shares of the utilities provider’s stock after selling 288 shares during the period. Sadoff Investment Management LLC’s holdings in Dominion Energy were worth $287,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Tradewinds Capital Management LLC increased its stake in shares of Dominion Energy by 1.0% in the first quarter. Tradewinds Capital Management LLC now owns 1,306 shares of the utilities provider’s stock worth $101,000 after buying an additional 13 shares during the period. Enterprise Financial Services Corp increased its stake in shares of Dominion Energy by 62.6% in the first quarter. Enterprise Financial Services Corp now owns 1,376 shares of the utilities provider’s stock worth $107,000 after buying an additional 530 shares during the period. Clean Yield Group purchased a new stake in shares of Dominion Energy during the first quarter worth $117,000. Bollard Group LLC increased its stake in shares of Dominion Energy by 0.8% in the second quarter. Bollard Group LLC now owns 1,528 shares of the utilities provider’s stock worth $117,000 after buying an additional 12 shares during the period. Finally, Advantage Investment Management LLC increased its stake in shares of Dominion Energy by 247.7% in the first quarter. Advantage Investment Management LLC now owns 1,582 shares of the utilities provider’s stock worth $123,000 after buying an additional 1,127 shares during the period. Hedge funds and other institutional investors own 64.83% of the company’s stock.
Dominion Energy Inc. (D) traded up 0.211% during trading on Thursday, hitting $78.405. 610,385 shares of the stock traded hands. Dominion Energy Inc. has a 12 month low of $69.51 and a 12 month high of $81.65. The company has a 50-day moving average price of $77.04 and a 200-day moving average price of $77.29. The stock has a market cap of $50.38 billion, a PE ratio of 22.693 and a beta of 0.28.
Dominion Energy (NYSE:D) last posted its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 EPS for the quarter, beating the Zacks’ 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 company had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same period in the prior year, the business posted $0.71 EPS. The firm’s revenue was up 8.3% compared to the same quarter last year. Equities research analysts expect that Dominion Energy Inc. will post $3.63 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Friday, September 1st will be issued a dividend of $0.755 per share. The ex-dividend date is Wednesday, August 30th. This represents a $3.02 dividend on an annualized basis and a yield of 3.86%. Dominion Energy’s dividend payout ratio is currently 87.28%.
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Several brokerages recently commented on D. Zacks Investment Research downgraded shares of Dominion Energy from a “hold” rating to a “sell” rating in a research note on Monday, June 12th. BidaskClub downgraded shares of Dominion Energy from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Barclays PLC reissued an “overweight” rating and issued a $89.00 price objective (up previously from $80.00) on shares of Dominion Energy in a research note on Sunday, April 23rd. Citigroup Inc. dropped their price objective on shares of Dominion Energy from $78.00 to $76.00 and set a “neutral” rating for the company in a research note on Wednesday, July 26th. Finally, Deutsche Bank AG increased their price objective on shares of Dominion Energy from $76.00 to $77.00 and gave the company a “hold” rating in a research note on Thursday, August 3rd. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $80.57.
About Dominion Energy
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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