Liberty Mutual Group Asset Management Inc. Sells 10,234 Shares of Dominion Energy Inc. (D)

Liberty Mutual Group Asset Management Inc. reduced its stake in shares of Dominion Energy Inc. (NYSE:D) by 23.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,870 shares of the utilities provider’s stock after selling 10,234 shares during the period. Liberty Mutual Group Asset Management Inc.’s holdings in Dominion Energy were worth $2,627,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in Dominion Energy by 7.7% in the first quarter. Geode Capital Management LLC now owns 5,843,417 shares of the utilities provider’s stock valued at $452,596,000 after buying an additional 420,250 shares during the last quarter. Azimuth Capital Management LLC boosted its stake in Dominion Energy by 4.4% in the first quarter. Azimuth Capital Management LLC now owns 14,497 shares of the utilities provider’s stock valued at $1,125,000 after buying an additional 611 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Dominion Energy by 17.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 108,933 shares of the utilities provider’s stock valued at $8,450,000 after buying an additional 16,229 shares during the last quarter. Vanguard Group Inc. boosted its stake in Dominion Energy by 3.4% in the first quarter. Vanguard Group Inc. now owns 43,602,368 shares of the utilities provider’s stock valued at $3,382,237,000 after buying an additional 1,435,767 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its stake in Dominion Energy by 2.0% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 31,235 shares of the utilities provider’s stock valued at $2,423,000 after buying an additional 620 shares during the last quarter. Institutional investors and hedge funds own 64.83% of the company’s stock.

Shares of Dominion Energy Inc. (NYSE D) traded up 0.73% on Friday, reaching $78.69. The company had a trading volume of 2,303,023 shares. The company has a market capitalization of $50.57 billion, a price-to-earnings ratio of 22.78 and a beta of 0.28. Dominion Energy Inc. has a 12 month low of $69.51 and a 12 month high of $81.65. The stock has a 50 day moving average price of $77.11 and a 200-day moving average price of $77.32.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.67 EPS for the quarter, topping 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 the consensus estimate of $2.94 billion. During the same period in the prior year, the business posted $0.71 EPS. The company’s quarterly revenue was up 8.3% on a year-over-year basis. Analysts forecast that Dominion Energy Inc. will post $3.63 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Friday, September 1st will be paid 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 dividend yield of 3.84%. Dominion Energy’s dividend payout ratio is 87.28%.

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