Csenge Advisory Group Sells 881 Shares of Dominion Energy, Inc. (NYSE:D)

Csenge Advisory Group lowered its position in Dominion Energy, Inc. (NYSE:D) by 6.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,602 shares of the utilities provider’s stock after selling 881 shares during the period. Csenge Advisory Group’s holdings in Dominion Energy were worth $620,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Assenagon Asset Management S.A. raised its position in Dominion Energy by 196.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 392,568 shares of the utilities provider’s stock worth $18,451,000 after purchasing an additional 259,978 shares during the last quarter. Morgan Stanley boosted its stake in Dominion Energy by 12.8% in the 3rd quarter. Morgan Stanley now owns 7,082,946 shares of the utilities provider’s stock worth $316,395,000 after purchasing an additional 803,341 shares during the period. International Assets Investment Management LLC lifted its position in Dominion Energy by 1,797.9% during the 4th quarter. International Assets Investment Management LLC now owns 165,917 shares of the utilities provider’s stock worth $7,798,000 after buying an additional 157,175 shares in the last quarter. Diversified Trust Co lifted its position in Dominion Energy by 97.3% during the 4th quarter. Diversified Trust Co now owns 14,339 shares of the utilities provider’s stock worth $674,000 after buying an additional 7,071 shares in the last quarter. Finally, Wedmont Private Capital lifted its position in Dominion Energy by 14.1% during the 1st quarter. Wedmont Private Capital now owns 4,822 shares of the utilities provider’s stock worth $239,000 after buying an additional 596 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on D. Mizuho raised their target price on shares of Dominion Energy from $45.00 to $52.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Evercore ISI raised their target price on shares of Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a research report on Friday, May 3rd. Scotiabank cut their target price on shares of Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. BMO Capital Markets cut their price target on shares of Dominion Energy from $52.00 to $51.00 and set a “market perform” rating on the stock in a report on Tuesday. Finally, Barclays cut their price target on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $51.64.

Dominion Energy Stock Up 3.5 %

D stock traded up $1.74 during trading on Thursday, reaching $51.49. The stock had a trading volume of 1,580,163 shares, compared to its average volume of 4,771,969. Dominion Energy, Inc. has a one year low of $39.18 and a one year high of $54.74. The company has a quick ratio of 0.94, a current ratio of 1.05 and a debt-to-equity ratio of 1.37. The company’s 50 day moving average is $51.34 and its two-hundred day moving average is $48.80. The company has a market capitalization of $43.13 billion, a price-to-earnings ratio of 25.64, a P/E/G ratio of 1.32 and a beta of 0.58.

Dominion Energy (NYSE:D) last released its earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. The firm had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $4.34 billion. Dominion Energy had a net margin of 11.57% and a return on equity of 7.50%. The company’s quarterly revenue was down 6.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.99 earnings per share. Equities research analysts forecast that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Friday, May 31st were issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 5.19%. The ex-dividend date was Friday, May 31st. Dominion Energy’s dividend payout ratio (DPR) is presently 137.63%.

About Dominion Energy

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.