Weather Gauge Advisory LLC Reduces Stock Holdings in Dominion Energy Inc (NYSE:D)

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Weather Gauge Advisory LLC cut its stake in shares of Dominion Energy Inc (NYSE:D) by 8.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 36,026 shares of the utilities provider’s stock after selling 3,206 shares during the quarter. Dominion Energy comprises 3.5% of Weather Gauge Advisory LLC’s holdings, making the stock its 6th biggest position. Weather Gauge Advisory LLC’s holdings in Dominion Energy were worth $2,925,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Quadrant Capital Group LLC lifted its stake in Dominion Energy by 120.4% during the fourth quarter. Quadrant Capital Group LLC now owns 3,055 shares of the utilities provider’s stock valued at $227,000 after buying an additional 1,669 shares in the last quarter. Mariner LLC increased its position in shares of Dominion Energy by 9.4% in the fourth quarter. Mariner LLC now owns 39,191 shares of the utilities provider’s stock worth $3,246,000 after acquiring an additional 3,366 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. acquired a new stake in shares of Dominion Energy during the fourth quarter valued at approximately $937,000. Dai Ichi Life Insurance Company Ltd lifted its position in shares of Dominion Energy by 1.9% in the 4th quarter. Dai Ichi Life Insurance Company Ltd now owns 47,746 shares of the utilities provider’s stock valued at $3,954,000 after acquiring an additional 904 shares in the last quarter. Finally, Meeder Asset Management Inc. boosted its stake in Dominion Energy by 26.2% in the 4th quarter. Meeder Asset Management Inc. now owns 963 shares of the utilities provider’s stock worth $80,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 66.38% of the company’s stock.

NYSE D traded up $0.24 during trading on Tuesday, hitting $73.92. 4,868,179 shares of the company traded hands, compared to its average volume of 4,233,438. Dominion Energy Inc has a 12 month low of $57.79 and a 12 month high of $90.89. The business has a fifty day simple moving average of $81.95 and a 200 day simple moving average of $80.84. The company has a market capitalization of $61.84 billion, a P/E ratio of 33.67, a PEG ratio of 6.68 and a beta of 0.42. The company has a current ratio of 0.63, a quick ratio of 0.47 and a debt-to-equity ratio of 1.14.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $1.09 EPS for the quarter, missing the Zacks’ consensus estimate of $1.10 by ($0.01). Dominion Energy had a net margin of 10.80% and a return on equity of 11.97%. The company had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.74 billion. During the same period in the prior year, the company posted $1.10 EPS. The business’s revenue was up 16.5% on a year-over-year basis. Equities research analysts predict that Dominion Energy Inc will post 3.63 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Saturday, June 20th. Stockholders of record on Friday, June 5th were paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 5.09%. The ex-dividend date was Thursday, June 4th. Dominion Energy’s payout ratio is 88.68%.

Several analysts have recently commented on the company. Credit Suisse Group cut Dominion Energy from an “outperform” rating to a “neutral” rating and set a $75.00 target price for the company. in a research report on Tuesday, July 7th. BMO Capital Markets cut Dominion Energy from a “market perform” rating to an “underperform” rating and set a $68.00 target price on the stock. in a research note on Tuesday, July 7th. Seaport Global Securities initiated coverage on shares of Dominion Energy in a research report on Tuesday, June 9th. They issued a “buy” rating and a $93.00 price target for the company. Argus decreased their price target on shares of Dominion Energy from $87.00 to $80.00 in a report on Tuesday, July 7th. Finally, Barclays dropped their price objective on shares of Dominion Energy from $93.00 to $74.00 and set an “overweight” rating on the stock in a research note on Thursday, March 26th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $82.06.

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

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