Securian Asset Management Inc. Sells 1,089 Shares of Dominion Energy, Inc. (NYSE:D)

Securian Asset Management Inc. decreased its position in Dominion Energy, Inc. (NYSE:D) by 2.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 48,197 shares of the utilities provider’s stock after selling 1,089 shares during the quarter. Securian Asset Management Inc.’s holdings in Dominion Energy were worth $2,362,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in D. Sharp Financial Services LLC purchased a new position in shares of Dominion Energy in the 2nd quarter worth $419,000. Czech National Bank increased its stake in shares of Dominion Energy by 8.5% during the second quarter. Czech National Bank now owns 159,729 shares of the utilities provider’s stock valued at $7,827,000 after buying an additional 12,494 shares during the period. Hexagon Capital Partners LLC lifted its position in shares of Dominion Energy by 7.0% in the 2nd quarter. Hexagon Capital Partners LLC now owns 9,018 shares of the utilities provider’s stock worth $442,000 after purchasing an additional 589 shares during the period. SG Americas Securities LLC grew its position in shares of Dominion Energy by 121.1% in the 2nd quarter. SG Americas Securities LLC now owns 214,676 shares of the utilities provider’s stock worth $10,519,000 after buying an additional 117,571 shares during the last quarter. Finally, Opal Wealth Advisors LLC purchased a new stake in Dominion Energy during the 2nd quarter worth approximately $35,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on D shares. Evercore ISI lifted their price objective on shares of Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a research note on Friday, May 3rd. JPMorgan Chase & Co. upped their target price on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday. Mizuho increased their price target on shares of Dominion Energy from $45.00 to $52.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. BMO Capital Markets increased their price objective on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research report on Monday, August 5th. Finally, Scotiabank cut 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 equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $52.73.

Dominion Energy Stock Up 0.4 %

NYSE D traded up $0.23 on Monday, reaching $54.70. The company had a trading volume of 1,057,099 shares, compared to its average volume of 4,623,224. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.78. Dominion Energy, Inc. has a 1 year low of $39.18 and a 1 year high of $57.60. The firm has a 50-day moving average of $51.37 and a 200-day moving average of $49.73. The firm has a market capitalization of $45.89 billion, a PE ratio of 28.13, a P/E/G ratio of 1.46 and a beta of 0.58.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.09. The firm had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.73 billion. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. Dominion Energy’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.53 earnings per share. On average, equities research analysts anticipate that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, August 30th will be given a dividend of $0.6675 per share. The ex-dividend date is Friday, August 30th. This represents a $2.67 dividend on an annualized basis and a yield of 4.88%. Dominion Energy’s dividend payout ratio (DPR) is presently 137.63%.

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.