Redmond Asset Management LLC lessened its stake in Dominion Energy Inc (NYSE:D) by 0.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,498 shares of the utilities provider’s stock after selling 166 shares during the period. Redmond Asset Management LLC’s holdings in Dominion Energy were worth $2,281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Executive Wealth Management LLC boosted its stake in Dominion Energy by 11.8% in the second quarter. Executive Wealth Management LLC now owns 49,815 shares of the utilities provider’s stock valued at $3,852,000 after acquiring an additional 5,244 shares in the last quarter. Stephens Inc. AR boosted its stake in Dominion Energy by 4.7% in the second quarter. Stephens Inc. AR now owns 184,541 shares of the utilities provider’s stock valued at $14,269,000 after acquiring an additional 8,216 shares in the last quarter. Hartford Financial Management Inc. boosted its stake in Dominion Energy by 0.5% in the second quarter. Hartford Financial Management Inc. now owns 42,785 shares of the utilities provider’s stock valued at $3,308,000 after acquiring an additional 195 shares in the last quarter. TRUE Private Wealth Advisors acquired a new position in Dominion Energy in the second quarter valued at $93,000. Finally, Amica Retiree Medical Trust boosted its stake in shares of Dominion Energy by 72.0% during the second quarter. Amica Retiree Medical Trust now owns 5,245 shares of the utilities provider’s stock worth $406,000 after buying an additional 2,195 shares during the period. Institutional investors own 63.99% of the company’s stock.
NYSE:D traded up $1.04 during mid-day trading on Thursday, reaching $76.37. The stock had a trading volume of 101,834 shares, compared to its average volume of 4,097,681. The company has a quick ratio of 0.42, a current ratio of 0.60 and a debt-to-equity ratio of 1.38. The stock has a market cap of $60.52 billion, a price-to-earnings ratio of 18.84, a price-to-earnings-growth ratio of 3.71 and a beta of 0.25. Dominion Energy Inc has a twelve month low of $67.41 and a twelve month high of $79.47. The firm’s 50 day moving average price is $76.41.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be given a $0.9175 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $3.67 dividend on an annualized basis and a yield of 4.81%. Dominion Energy’s payout ratio is currently 90.62%.
D has been the subject of several recent research reports. Credit Suisse Group upgraded shares of Dominion Energy from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 1st. Wolfe Research upgraded shares of Dominion Energy from a “peer perform” rating to an “outperform” rating in a research note on Thursday, August 1st. KeyCorp initiated coverage on shares of Dominion Energy in a research note on Tuesday, June 4th. They set a “sector weight” rating for the company. Morgan Stanley initiated coverage on shares of Dominion Energy in a research note on Wednesday, August 7th. They set an “equal weight” rating and a $81.00 target price for the company. Finally, Bank of America upgraded shares of Dominion Energy from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $79.00 to $80.00 in a research note on Thursday, June 13th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $79.08.
About Dominion Energy
Dominion Energy, Inc produces and transports energy. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities.
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