Redwood Investment Management LLC Has $2.17 Million Holdings in Dominion Energy, Inc. (NYSE:D)

Redwood Investment Management LLC cut its position in shares of Dominion Energy, Inc. (NYSE:D) by 3.4% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 44,132 shares of the utilities provider’s stock after selling 1,533 shares during the quarter. Redwood Investment Management LLC’s holdings in Dominion Energy were worth $2,171,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Criterion Capital Advisors LLC acquired a new stake in shares of Dominion Energy during the fourth quarter worth $29,000. Rise Advisors LLC acquired a new stake in shares of Dominion Energy during the first quarter worth $30,000. Venturi Wealth Management LLC grew its holdings in Dominion Energy by 84.5% in the fourth quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 310 shares during the period. LRI Investments LLC acquired a new stake in Dominion Energy in the first quarter worth $32,000. Finally, Janiczek Wealth Management LLC grew its holdings in Dominion Energy by 20,100.0% in the fourth quarter. Janiczek Wealth Management LLC now owns 808 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 804 shares during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Evercore ISI raised their price target on shares of Dominion Energy from $47.00 to $53.00 and gave the stock an “in-line” rating in a report on Friday, May 3rd. Scotiabank reduced their price target on shares of Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. Wells Fargo & Company raised their price target on shares of Dominion Energy from $51.00 to $55.00 and gave the stock an “equal weight” rating in a report on Friday, May 3rd. StockNews.com upgraded shares of Dominion Energy from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Finally, BMO Capital Markets dropped their price objective on shares of Dominion Energy from $52.00 to $51.00 and set a “market perform” rating on the stock in a research note on Tuesday, July 9th. 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 data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $51.64.

Dominion Energy Stock Up 0.4 %

Shares of D traded up $0.23 during trading hours on Wednesday, reaching $53.44. 6,131,097 shares of the stock traded hands, compared to its average volume of 4,650,202. The company has a current ratio of 1.05, a quick ratio of 0.94 and a debt-to-equity ratio of 1.37. The stock has a fifty day simple moving average of $51.12 and a 200 day simple moving average of $49.25. Dominion Energy, Inc. has a 52 week low of $39.18 and a 52 week high of $54.23. The company has a market cap of $44.76 billion, a price-to-earnings ratio of 27.55, a PEG ratio of 1.41 and a beta of 0.58.

Dominion Energy (NYSE:D) last released its quarterly 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. Dominion Energy had a net margin of 11.57% and a return on equity of 7.50%. The company had revenue of $3.63 billion for the quarter, compared to analyst estimates of $4.34 billion. During the same period last year, the firm earned $0.99 earnings per share. The firm’s revenue was down 6.5% on a year-over-year basis. On average, equities analysts forecast that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Dividend Announcement

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. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.00%. Dominion Energy’s payout ratio is currently 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.