Dominion Energy Inc (NYSE:D) Shares Sold by Torch Wealth Management LLC
Torch Wealth Management LLC decreased its stake in shares of Dominion Energy Inc (NYSE:D) by 4.0% during the second quarter, HoldingsChannel reports. The firm owned 3,549 shares of the utilities provider’s stock after selling 149 shares during the quarter. Torch Wealth Management LLC’s holdings in Dominion Energy were worth $274,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of the business. Benedict Financial Advisors Inc. increased its stake in Dominion Energy by 1.0% during the 2nd quarter. Benedict Financial Advisors Inc. now owns 24,962 shares of the utilities provider’s stock valued at $1,930,000 after purchasing an additional 251 shares in the last quarter. Sigma Planning Corp increased its stake in shares of Dominion Energy by 4.8% in the second quarter. Sigma Planning Corp now owns 32,674 shares of the utilities provider’s stock worth $2,526,000 after acquiring an additional 1,494 shares during the period. Executive Wealth Management LLC increased its stake in shares of Dominion Energy by 11.8% in the second quarter. Executive Wealth Management LLC now owns 49,815 shares of the utilities provider’s stock worth $3,852,000 after acquiring an additional 5,244 shares during the period. Stephens Inc. AR increased its stake in shares of Dominion Energy by 4.7% in the second quarter. Stephens Inc. AR now owns 184,541 shares of the utilities provider’s stock worth $14,269,000 after acquiring an additional 8,216 shares during the period. Finally, Hartford Financial Management Inc. increased its stake in shares of Dominion Energy by 0.5% in the second quarter. Hartford Financial Management Inc. now owns 42,785 shares of the utilities provider’s stock worth $3,308,000 after acquiring an additional 195 shares during the period. Institutional investors and hedge funds own 63.99% of the company’s stock.
A number of analysts have recently weighed in on D shares. KeyCorp started coverage on shares of Dominion Energy in a research note on Tuesday, June 4th. They issued a “sector weight” rating on the stock. Morgan Stanley started coverage on shares of Dominion Energy in a research note on Wednesday, August 7th. They issued an “equal weight” rating and a $81.00 price objective on the stock. Credit Suisse Group upgraded shares of Dominion Energy from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 1st. TheStreet lowered shares of Dominion Energy from a “b” rating to a “c+” rating in a research note on Friday, May 3rd. Finally, Wolfe Research upgraded shares of Dominion Energy from a “peer perform” rating to an “outperform” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $79.08.
Dominion Energy (NYSE:D) last announced its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.02. Dominion Energy had a net margin of 5.94% and a return on equity of 11.74%. The firm had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same period in the prior year, the firm posted $0.86 earnings per share. The firm’s quarterly revenue was up 28.6% compared to the same quarter last year. Equities analysts forecast that Dominion Energy Inc will post 4.14 EPS for the current year.
The company also recently declared 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 4.79%. The ex-dividend date of this dividend is Thursday, September 5th. Dominion Energy’s dividend payout ratio (DPR) is presently 90.62%.
Dominion Energy Profile
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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