Stoneridge Investment Partners LLC Sells 34,138 Shares of Dominion Energy, Inc. (NYSE:D)

Stoneridge Investment Partners LLC lessened its holdings in Dominion Energy, Inc. (NYSE:D) by 87.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,109 shares of the utilities provider’s stock after selling 34,138 shares during the quarter. Stoneridge Investment Partners LLC’s holdings in Dominion Energy were worth $250,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. CoreCap Advisors LLC bought a new stake in Dominion Energy during the 2nd quarter worth $438,000. Hardin Capital Partners LLC bought a new stake in Dominion Energy in the second quarter worth approximately $421,000. HBK Sorce Advisory LLC increased its stake in shares of Dominion Energy by 2.8% in the 2nd quarter. HBK Sorce Advisory LLC now owns 10,258 shares of the utilities provider’s stock valued at $503,000 after acquiring an additional 276 shares in the last quarter. Meeder Advisory Services Inc. raised its holdings in shares of Dominion Energy by 49.9% during the second quarter. Meeder Advisory Services Inc. now owns 14,843 shares of the utilities provider’s stock valued at $727,000 after purchasing an additional 4,938 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its holdings in Dominion Energy by 16.5% in the second quarter. DekaBank Deutsche Girozentrale now owns 136,103 shares of the utilities provider’s stock worth $6,745,000 after acquiring an additional 19,260 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Up 1.7 %

NYSE:D opened at $58.16 on Friday. Dominion Energy, Inc. has a 1 year low of $39.18 and a 1 year high of $58.18. The stock’s fifty day moving average price is $54.47 and its two-hundred day moving average price is $51.57. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.78. The company has a market cap of $48.79 billion, a P/E ratio of 29.98, a P/E/G ratio of 1.53 and a beta of 0.60.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.09. The company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.53 EPS. As a group, analysts expect that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, August 30th will be paid a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.67 annualized dividend and a yield of 4.59%. Dominion Energy’s dividend payout ratio is currently 137.63%.

Analyst Ratings Changes

Several research analysts have weighed in on D shares. Scotiabank upped their price objective on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. BMO Capital Markets increased their price objective on shares of Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research note on Monday, August 5th. Finally, JPMorgan Chase & Co. lifted their target price on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $54.11.

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.