Jennison Associates LLC Sells 354,905 Shares of Dominion Energy Inc (NYSE:D)

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Jennison Associates LLC reduced its position in shares of Dominion Energy Inc (NYSE:D) by 19.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,503,060 shares of the utilities provider’s stock after selling 354,905 shares during the period. Jennison Associates LLC owned about 0.19% of Dominion Energy worth $116,217,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in D. Interactive Financial Advisors acquired a new stake in Dominion Energy in the 1st quarter valued at about $26,000. Mark Sheptoff Financial Planning LLC grew its position in shares of Dominion Energy by 133.3% during the 1st quarter. Mark Sheptoff Financial Planning LLC now owns 350 shares of the utilities provider’s stock worth $27,000 after buying an additional 200 shares during the period. Manchester Financial Inc. acquired a new stake in shares of Dominion Energy during the 2nd quarter worth approximately $27,000. NuWave Investment Management LLC grew its position in shares of Dominion Energy by 651.0% during the 2nd quarter. NuWave Investment Management LLC now owns 368 shares of the utilities provider’s stock worth $28,000 after buying an additional 319 shares during the period. Finally, Rocky Mountain Advisers LLC acquired a new stake in shares of Dominion Energy during the 1st quarter worth approximately $31,000. 64.29% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have recently commented on D. Morgan Stanley set a $84.00 price target on shares of Dominion Energy and gave the stock a “hold” rating in a research report on Friday, August 16th. TheStreet cut shares of Dominion Energy from a “b” rating to a “c+” rating in a research report on Friday, May 3rd. KeyCorp began coverage on shares of Dominion Energy in a research report on Tuesday, June 4th. They set a “sector weight” rating for the company. ValuEngine cut shares of Dominion Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, June 12th. Finally, Zacks Investment Research cut shares of Dominion Energy from a “hold” rating to a “sell” rating and set a $83.00 price target for the company. in a research report on Thursday, July 4th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $79.33.

NYSE D traded down $0.58 during trading on Friday, reaching $75.94. 2,469,345 shares of the stock traded hands, compared to its average volume of 4,511,557. The firm has a market cap of $61.48 billion, a price-to-earnings ratio of 18.75, a price-to-earnings-growth ratio of 3.83 and a beta of 0.25. The stock’s 50-day moving average price is $76.33 and its 200 day moving average price is $75.91. The company has a quick ratio of 0.42, a current ratio of 0.60 and a debt-to-equity ratio of 1.38. Dominion Energy Inc has a fifty-two week low of $67.41 and a fifty-two week high of $79.47.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.02. The firm had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $4.21 billion. Dominion Energy had a net margin of 5.94% and a return on equity of 11.74%. The business’s revenue for the quarter was up 28.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.86 earnings per share. Analysts anticipate that Dominion Energy Inc will post 4.13 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be issued a dividend of $0.9175 per share. This represents a $3.67 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date is Thursday, September 5th. Dominion Energy’s dividend payout ratio is currently 90.62%.

About Dominion Energy

Dominion Energy, Inc produces and transports energy. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities.

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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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