South State CORP. Lowers Stock Holdings in Dominion Energy, Inc. (NYSE:D)

South State CORP. lowered its position in shares of Dominion Energy, Inc. (NYSE:D) by 12.6% in the first quarter, Holdings Channel.com reports. The fund owned 42,100 shares of the utilities provider’s stock after selling 6,055 shares during the quarter. South State CORP.’s holdings in Dominion Energy were worth $3,198,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. First Bank & Trust boosted its holdings in Dominion Energy by 0.7% in the 1st quarter. First Bank & Trust now owns 20,038 shares of the utilities provider’s stock valued at $1,522,000 after purchasing an additional 132 shares in the last quarter. EFG Asset Management Americas Corp. boosted its holdings in Dominion Energy by 0.9% in the 4th quarter. EFG Asset Management Americas Corp. now owns 15,250 shares of the utilities provider’s stock valued at $1,147,000 after purchasing an additional 136 shares in the last quarter. Sound Financial Strategies Group LLC boosted its holdings in Dominion Energy by 1.9% in the 1st quarter. Sound Financial Strategies Group LLC now owns 7,258 shares of the utilities provider’s stock valued at $551,000 after purchasing an additional 136 shares in the last quarter. JGP Wealth Management LLC boosted its holdings in Dominion Energy by 1.1% in the 1st quarter. JGP Wealth Management LLC now owns 13,104 shares of the utilities provider’s stock valued at $995,000 after purchasing an additional 137 shares in the last quarter. Finally, Welch & Forbes LLC boosted its holdings in Dominion Energy by 2.9% in the 1st quarter. Welch & Forbes LLC now owns 5,230 shares of the utilities provider’s stock valued at $397,000 after purchasing an additional 146 shares in the last quarter. 66.04% of the stock is owned by institutional investors and hedge funds.

Shares of D opened at $77.08 on Friday. The firm has a market cap of $62.17 billion, a P/E ratio of 73.76, a PEG ratio of 2.95 and a beta of 0.34. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.56 and a quick ratio of 0.44. The company has a fifty day simple moving average of $77.57. Dominion Energy, Inc. has a fifty-two week low of $67.85 and a fifty-two week high of $86.95.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Tuesday, May 4th. The utilities provider reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.01. The business had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.68 billion. Dominion Energy had a return on equity of 12.39% and a net margin of 6.01%. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.92 EPS. As a group, research analysts anticipate that Dominion Energy, Inc. will post 3.85 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 20th. Stockholders of record on Friday, June 4th will be issued a dividend of $0.63 per share. The ex-dividend date is Thursday, June 3rd. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.27%. Dominion Energy’s payout ratio is 71.19%.

A number of equities research analysts have weighed in on D shares. KeyCorp lifted their price objective on Dominion Energy from $80.00 to $82.00 and gave the company an “overweight” rating in a report on Wednesday, April 21st. TheStreet raised Dominion Energy from a “c+” rating to a “b-” rating in a research note on Thursday, April 22nd. Zacks Investment Research lowered Dominion Energy from a “hold” rating to a “sell” rating and set a $80.00 price target on the stock. in a research note on Wednesday, April 7th. Finally, Credit Suisse Group boosted their price target on Dominion Energy from $80.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $83.08.

Dominion Energy Company Profile

Dominion Energy, Inc produces and distributes energy. The company operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to residential, commercial, industrial, and governmental customers in Virginia and North Carolina.

Recommended Story: Cost of Debt

Want to see what other hedge funds are holding D? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dominion Energy, Inc. (NYSE:D).

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

Receive News & Ratings for Dominion Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dominion Energy and related companies with MarketBeat.com's FREE daily email newsletter.