Marcum Wealth LLC Sells 288 Shares of Dominion Energy, Inc. (NYSE:D)

Marcum Wealth LLC trimmed its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 3.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 7,989 shares of the utilities provider’s stock after selling 288 shares during the period. Marcum Wealth LLC’s holdings in Dominion Energy were worth $391,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in Dominion Energy by 16.0% in the first quarter. Vanguard Group Inc. now owns 88,355,205 shares of the utilities provider’s stock valued at $4,346,193,000 after buying an additional 12,178,713 shares in the last quarter. Capital Research Global Investors boosted its holdings in Dominion Energy by 136.5% during the fourth quarter. Capital Research Global Investors now owns 17,970,856 shares of the utilities provider’s stock worth $844,630,000 after purchasing an additional 10,370,768 shares during the last quarter. Norges Bank purchased a new position in Dominion Energy in the fourth quarter valued at about $329,792,000. ClearBridge Investments Ltd purchased a new stake in shares of Dominion Energy during the 4th quarter valued at approximately $214,220,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Dominion Energy by 12.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 24,494,873 shares of the utilities provider’s stock valued at $1,204,904,000 after buying an additional 2,801,687 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Price Performance

Shares of D stock traded down $2.05 during mid-day trading on Monday, reaching $54.03. The stock had a trading volume of 5,070,277 shares, compared to its average volume of 4,665,993. Dominion Energy, Inc. has a 12-month low of $39.18 and a 12-month high of $57.60. The company has a market cap of $45.25 billion, a P/E ratio of 27.89, a price-to-earnings-growth ratio of 1.50 and a beta of 0.58. The business has a 50-day simple moving average of $51.24 and a 200 day simple moving average of $49.40. The company has a current ratio of 1.05, a quick ratio of 0.94 and a debt-to-equity ratio of 1.37.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.09. The company had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.73 billion. Dominion Energy had a return on equity of 7.68% and a net margin of 11.63%. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period last year, the business posted $0.53 EPS. On average, sell-side analysts anticipate that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, August 30th will be given a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.67 dividend on an annualized basis and a yield of 4.94%. Dominion Energy’s dividend payout ratio is currently 137.63%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wells Fargo & Company increased their price target on shares of Dominion Energy from $51.00 to $55.00 and gave the stock an “equal weight” rating in a report on Friday, May 3rd. Bank of America upgraded shares of Dominion Energy from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $43.00 to $54.00 in a research note on Friday, May 10th. Evercore ISI boosted their target price on shares of Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a research report on Friday, May 3rd. Mizuho upped their target price on shares of Dominion Energy from $45.00 to $52.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Finally, Scotiabank reduced their target price on shares of Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $52.18.

Dominion Energy Company Profile

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.