Fiduciary Trust Co. Has $686,000 Stake in Dominion Energy Inc. (D)

Fiduciary Trust Co. reduced its position in shares of Dominion Energy Inc. (NYSE:D) by 1.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,841 shares of the utilities provider’s stock after selling 107 shares during the period. Fiduciary Trust Co.’s holdings in Dominion Energy were worth $686,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in D. Tradewinds Capital Management LLC boosted its position in Dominion Energy by 1.0% in the first quarter. Tradewinds Capital Management LLC now owns 1,306 shares of the utilities provider’s stock valued at $101,000 after buying an additional 13 shares in the last quarter. Enterprise Financial Services Corp raised 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 valued at $107,000 after buying an additional 530 shares during the last quarter. Clean Yield Group purchased a new stake in shares of Dominion Energy during the first quarter valued at approximately $117,000. Bollard Group LLC raised its stake in shares of Dominion Energy by 0.9% in the first quarter. Bollard Group LLC now owns 1,516 shares of the utilities provider’s stock valued at $118,000 after buying an additional 13 shares during the last quarter. Finally, Advantage Investment Management LLC raised 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 valued at $123,000 after buying an additional 1,127 shares during the last quarter. Institutional investors and hedge funds own 64.83% of the company’s stock.

Shares of Dominion Energy Inc. (D) traded up 0.73% during mid-day trading on Friday, reaching $78.69. The company’s stock had a trading volume of 2,303,023 shares. The stock has a market cap of $50.57 billion, a P/E ratio of 22.78 and a beta of 0.28. Dominion Energy Inc. has a one year low of $69.51 and a one year high of $81.65. The stock has a 50 day moving average of $77.11 and a 200-day moving average of $77.32.

Dominion Energy (NYSE:D) last released its earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.01. The business had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.94 billion. Dominion Energy had a net margin of 17.48% and a return on equity of 14.04%. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period last year, the firm posted $0.71 earnings per share. On average, equities research analysts expect that Dominion Energy Inc. will post $3.63 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Friday, September 1st will be given a dividend of $0.755 per share. This represents a $3.02 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date is Wednesday, August 30th. Dominion Energy’s payout ratio is presently 87.28%.

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Several analysts have issued reports on D shares. Zacks Investment Research upgraded Dominion Energy from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Royal Bank Of Canada set a $77.00 target price on Dominion Energy and gave the stock a “hold” rating in a research report on Saturday, June 3rd. Morgan Stanley decreased their target price on Dominion Energy from $81.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Monday, May 8th. Deutsche Bank AG upped their price objective on Dominion Energy from $76.00 to $77.00 and gave the company a “hold” rating in a research report on Thursday, August 3rd. Finally, Citigroup Inc. decreased their price objective on Dominion Energy from $78.00 to $76.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 26th. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $80.57.

Dominion Energy Company 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.

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

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