LFA Lugano Financial Advisors SA reduces stake in Dominion Energy, Inc. (NYSE:D)

Financial Advisors


LFA Lugano Financial Advisors SA reduced its stake in Dominion Energy, Inc. (NYSE:D – Get Rating) shares by 50.0% in the fourth quarter, according to its latest filing with the Securities and Exchange Commission (SEC). The company made it clear. The fund owned 3,486 shares of the utility company after selling his 3,486 shares during the quarter. LFA Lugano Financial Advisors SA’s Dominion Energy holding was valued at $214,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently revised their holdings in D. Vanguard Group Inc. Vanguard Group Inc. now owns 73,953,046 shares of the utility company worth $5,110,895,000 after purchasing an additional 2,767,626 of his shares last quarter. BlackRock Inc. increased his position in Dominion Energy by 5.5% in the third quarter. BlackRock Inc. now owns 58,954,665 shares of the utility company worth $4,074,356,000 after purchasing an additional 3,051,912 shares of him last quarter. State Street Corp increased his position in Dominion Energy by 3.9% in the third quarter. State Street Corp now owns 49,478,314 shares of utility company stock worth $3,419,446,000 after purchasing an additional 1,853,875 shares last quarter. Price T Rowe Associates Inc. MD increased its position in Dominion Energy by 9.9% in the third quarter. Price T Rowe Associates Inc. MD now owns 30,771,075 shares of the utility company worth $2,126,590,000 after purchasing an additional 2,763,501 shares in the previous quarter. Finally, the Canada Pension Plan Investment Board increased its position in Dominion Energy by 486.1% in the third quarter. The Canada Pension Plan Investment Board owns 10,364,622 shares of the utility company valued at $716,299,000 after purchasing an additional 8,596,097 shares in the previous quarter. Institutional investors and hedge funds own 70.30% of the company’s shares.

Dominion Energy stock performance

NYSE D shares fell $0.50 in midday trading on Friday to reach $56.07. His 2,047,235 shares in the company traded, with an average trading volume of 4,534,425 shares for him. Dominion Energy, Inc. has a 52-week low of $52.03 and a 52-week high of $86.28. The stock has a 50-day moving average price of $56.06 and a 200-day moving average price of $59.73. The company has a debt to equity ratio of 1.49, a current ratio of 0.73 and a quick ratio of 0.60. The company has a market capitalization of $46.83 billion, a price/earnings ratio of 51.12, a PEG ratio of 0.72 and a beta of 0.43.

Dominion Energy (NYSE:D – Get Rating) last reported quarterly earnings data on Friday, May 5. The utility provider reported earnings of $0.99 per share for the quarter. This misses analyst consensus expectations of $1.11 ($0.12). Dominion Energy’s net profit margin was 5.79% and return on equity was 13.35%. The company posted $5.25 billion in revenue for the quarter, compared to consensus expectations of $4.46 billion. His earnings per share for the company in the same period last year were $1.18. Dominion Energy’s fourth quarter revenue increased 22.7% compared to the same period last year. Sell-side analysts expect Dominion Energy, Inc. to post his 3.89 earnings per share for the current financial year.

Dominion Energy Dividend Announcement

The company recently announced a quarterly dividend, which was paid out on Monday, March 20th. Shareholders of record on Friday, March 3 were awarded a dividend of $0.6675. This represents his $2.67 dividend and his 4.76% yield on an annualized basis. The ex-dividend date was Thursday, March 2nd. Dominion Energy’s Dividend Payout Ratio (DPR) is currently 244.95%.

Analyst upgrades and downgrades

D has been the subject of several recent research reports. UBS Group lowered its price target for Dominion Energy shares to $57.00 from his $60.00 and set the company’s rating to “neutral” in a research report on Tuesday, March 7. BMO Capital Markets lowered its price target for Dominion Energy shares to $61.00 from $66.00 in a research report on Monday, February 27, setting the company’s “Outperform” rating. Guggenheim lowered its price target for Dominion Energy from $69.00 to $63.00 in a research report on Tuesday, February 28, giving the company a Buy rating. Credit Suisse Group lowered its price target for Dominion Energy shares from $67.00 to $58.00 and set the company’s rating to “neutral” in a research report on Tuesday, February 14. Finally, in his Thursday, April 20 research report, Morgan Stanley raised its price target for Dominion Energy stock from his $58.00 to his $63.00, giving the company an “equal-weighted” rating. One investment analyst gave a sell rating, 12 assigned a hold rating, and two assigned a buy rating to the company. According to MarketBeat.com data, the stock currently has an average rating of ‘Hold’ and a consensus target price of $64.18.

Dominion Energy Company Profile

(get rating)

Dominion Energy, Inc is engaged in the production and distribution of energy. It operates through Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, Contract Assets, Corporate and Other business segments. The Corporate and Other segment focuses on corporate, service companies, non-controlling interests in Dominion privatizations, and unregulated retail energy marketing operations.

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Dominion Energy (NYSE:D) Quarterly Institutional Ownership

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