Park Place Capital Corp Sells 3,436 Shares of Dominion Energy, Inc. (NYSE:D)

Park Place Capital Corp trimmed its holdings in Dominion Energy, Inc. (NYSE:D) by 26.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 9,570 shares of the utilities provider’s stock after selling 3,436 shares during the period. Park Place Capital Corp’s holdings in Dominion Energy were worth $469,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of Dominion Energy by 16.0% during the first quarter. Vanguard Group Inc. now owns 88,355,205 shares of the utilities provider’s stock worth $4,346,193,000 after buying an additional 12,178,713 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Dominion Energy by 12.9% in 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 purchasing an additional 2,801,687 shares during the last quarter. Capital Research Global Investors lifted its position in shares of Dominion Energy by 20.1% during the first quarter. Capital Research Global Investors now owns 21,584,470 shares of the utilities provider’s stock worth $1,061,740,000 after purchasing an additional 3,613,614 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Dominion Energy by 13.2% during the fourth quarter. Wellington Management Group LLP now owns 18,493,273 shares of the utilities provider’s stock worth $869,184,000 after buying an additional 2,153,488 shares in the last quarter. Finally, Federated Hermes Inc. increased its position in shares of Dominion Energy by 1.0% in the 4th quarter. Federated Hermes Inc. now owns 7,612,107 shares of the utilities provider’s stock valued at $357,769,000 after purchasing an additional 75,600 shares during the last quarter. Institutional investors own 73.04% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on D shares. StockNews.com upgraded shares of Dominion Energy from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. Scotiabank decreased their price target on 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. Bank of America raised shares of Dominion Energy from an “underperform” rating to a “neutral” rating and increased their target price for the company from $43.00 to $54.00 in a report on Friday, May 10th. Wells Fargo & Company raised their price target on Dominion Energy from $51.00 to $55.00 and gave the company an “equal weight” rating in a research report on Friday, May 3rd. Finally, Mizuho boosted their price target on Dominion Energy from $45.00 to $52.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $52.18.

Dominion Energy Trading Down 3.5 %

Shares of D stock traded down $1.94 on Monday, reaching $54.14. 2,196,171 shares of the stock were exchanged, compared to its average volume of 4,646,230. Dominion Energy, Inc. has a one year low of $39.18 and a one year high of $57.60. The stock has a market cap of $45.35 billion, a PE ratio of 28.91, a P/E/G ratio of 1.50 and a beta of 0.58. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.05 and a quick ratio of 0.94. The stock has a 50 day moving average price of $51.24 and a 200 day moving average price of $49.40.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.09. The company had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.73 billion. Dominion Energy had a return on equity of 7.68% 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 period in the prior year, the firm earned $0.53 earnings per share. Equities research analysts forecast that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently declared 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 is Friday, August 30th. This represents a $2.67 annualized dividend and a dividend yield of 4.93%. Dominion Energy’s dividend payout ratio is 137.63%.

Dominion Energy 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.