Fulton Breakefield Broenniman LLC Reduces Stock Position in Dominion Energy, Inc. (NYSE:D)

Fulton Breakefield Broenniman LLC lessened its stake in shares of Dominion Energy, Inc. (NYSE:D) by 12.5% during the third quarter, HoldingsChannel.com reports. The fund owned 4,297 shares of the utilities provider’s stock after selling 614 shares during the quarter. Fulton Breakefield Broenniman LLC’s holdings in Dominion Energy were worth $248,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in D. Vanguard Group Inc. boosted its holdings in shares of Dominion Energy by 16.0% in 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 last quarter. Capital Research Global Investors boosted its holdings in shares of Dominion Energy by 20.1% in 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 buying an additional 3,613,614 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Dominion Energy by 12.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 24,494,873 shares of the utilities provider’s stock worth $1,204,904,000 after buying an additional 2,801,687 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new position in shares of Dominion Energy in the second quarter worth approximately $67,854,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Dominion Energy by 6.7% in the second quarter. Bank of New York Mellon Corp now owns 14,979,739 shares of the utilities provider’s stock worth $734,007,000 after buying an additional 940,402 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on D shares. Barclays raised their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday. BMO Capital Markets raised their target price on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. raised their target price on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Jefferies Financial Group started coverage on shares of Dominion Energy in a research note on Friday, September 20th. They set a “hold” rating and a $58.00 target price on the stock. Finally, Scotiabank raised their target price on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $55.40.

Dominion Energy Trading Up 5.1 %

Shares of D opened at $60.55 on Thursday. The company’s fifty day moving average is $56.88 and its 200 day moving average is $53.17. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $60.72. The stock has a market capitalization of $50.72 billion, a PE ratio of 31.21, a P/E/G ratio of 1.52 and a beta of 0.60. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.78 and a current ratio of 0.93.

Dominion Energy (NYSE:D) last posted 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 net margin of 11.63% and a return on equity of 7.69%. Dominion Energy’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.53 earnings per share. Sell-side analysts expect that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 30th were paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.41%. The ex-dividend date was Friday, August 30th. Dominion Energy’s dividend payout ratio is currently 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.