Thompson Siegel & Walmsley LLC Sells 413,521 Shares of Dominion Energy, Inc. (NYSE:D)

Thompson Siegel & Walmsley LLC cut its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 13.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,644,408 shares of the utilities provider’s stock after selling 413,521 shares during the period. Dominion Energy comprises approximately 2.1% of Thompson Siegel & Walmsley LLC’s investment portfolio, making the stock its 2nd biggest position. Thompson Siegel & Walmsley LLC owned 0.32% of Dominion Energy worth $129,576,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of D. Diamond Hill Capital Management Inc. boosted its position in Dominion Energy by 0.5% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 5,780,145 shares of the utilities provider’s stock worth $283,227,000 after buying an additional 27,984 shares during the period. J.W. Cole Advisors Inc. lifted its stake in shares of Dominion Energy by 4.6% in the second quarter. J.W. Cole Advisors Inc. now owns 15,103 shares of the utilities provider’s stock worth $740,000 after acquiring an additional 668 shares during the period. Alta Advisers Ltd boosted its holdings in Dominion Energy by 15.0% in the second quarter. Alta Advisers Ltd now owns 2,300 shares of the utilities provider’s stock valued at $113,000 after acquiring an additional 300 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in Dominion Energy by 1.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 141,616 shares of the utilities provider’s stock valued at $6,939,000 after purchasing an additional 2,142 shares during the period. Finally, Wealthspire Advisors LLC raised its holdings in Dominion Energy by 6.7% during the 2nd quarter. Wealthspire Advisors LLC now owns 7,961 shares of the utilities provider’s stock worth $390,000 after purchasing an additional 497 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Up 1.7 %

Shares of NYSE D opened at $58.16 on Friday. The business has a 50-day simple moving average of $54.47 and a two-hundred day simple moving average of $51.60. 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, Inc. has a 52 week low of $39.18 and a 52 week high of $58.18. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 EPS 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 analyst estimates 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 was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.53 earnings per share. Research analysts anticipate that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

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

Analyst Ratings Changes

D has been the topic of a number of research analyst reports. Scotiabank upped their price target on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. JPMorgan Chase & Co. upped their target price on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Finally, BMO Capital Markets lifted their target price on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. Eight investment 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 company presently has an average rating of “Hold” and a consensus price target of $54.11.

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.