Dominion Energy Inc. (D) Shares Sold by Boston Financial Mangement LLC

Boston Financial Mangement LLC lessened its stake in shares of Dominion Energy Inc. (NYSE:D) by 10.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,910 shares of the utilities provider’s stock after selling 1,290 shares during the quarter. Boston Financial Mangement LLC’s holdings in Dominion Energy were worth $839,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of Dominion Energy by 3,615.9% in the 1st quarter. BlackRock Inc. now owns 45,518,516 shares of the utilities provider’s stock worth $3,530,873,000 after acquiring an additional 44,293,566 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Dominion Energy by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 44,796,520 shares of the utilities provider’s stock worth $3,432,756,000 after acquiring an additional 1,194,152 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Dominion Energy by 2.7% in the 1st quarter. Wellington Management Group LLP now owns 30,572,031 shares of the utilities provider’s stock worth $2,371,472,000 after acquiring an additional 790,484 shares during the last quarter. Federated Investors Inc. PA raised its holdings in shares of Dominion Energy by 5.4% in the 2nd quarter. Federated Investors Inc. PA now owns 8,967,983 shares of the utilities provider’s stock worth $687,216,000 after acquiring an additional 461,484 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Dominion Energy by 24.7% in the 2nd quarter. Wells Fargo & Company MN now owns 6,110,200 shares of the utilities provider’s stock worth $468,223,000 after acquiring an additional 1,209,768 shares during the last quarter. 64.41% of the stock is currently owned by institutional investors.

Shares of Dominion Energy Inc. (NYSE:D) opened at $80.67 on Friday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.26 and a current ratio of 0.47. Dominion Energy Inc. has a one year low of $69.51 and a one year high of $82.13. The stock has a market cap of $51,913.57, a P/E ratio of 21.98, a PEG ratio of 3.91 and a beta of 0.29.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Monday, October 30th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.02. Dominion Energy had a net margin of 17.21% and a return on equity of 13.32%. The company had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same quarter last year, the business posted $1.14 EPS. Dominion Energy’s quarterly revenue was up 1.5% compared to the same quarter last year. research analysts expect that Dominion Energy Inc. will post 3.61 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.77 per share. The ex-dividend date is Thursday, November 30th. This represents a $3.08 annualized dividend and a dividend yield of 3.82%. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.76. Dominion Energy’s dividend payout ratio (DPR) is presently 89.09%.

D has been the subject of several analyst reports. J P Morgan Chase & Co increased their price objective on shares of Dominion Energy from $78.00 to $82.00 and gave the company a “neutral” rating in a research note on Thursday, October 12th. Zacks Investment Research upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research note on Tuesday, October 3rd. KeyCorp reiterated a “hold” rating on shares of Dominion Energy in a research note on Friday, October 20th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $78.00 price objective on shares of Dominion Energy in a research note on Thursday, September 14th. Finally, Bank of America Corporation initiated coverage on shares of Dominion Energy in a research note on Tuesday, October 24th. They issued a “neutral” rating and a $80.00 price objective for the company. Thirteen equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $80.70.

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

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