Pathstone Family Office LLC maintained its position in Dominion Energy Inc. (NYSE:D) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,199 shares of the utilities provider’s stock at the close of the second quarter. Pathstone Family Office LLC’s holdings in Dominion Energy were worth $1,777,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. raised its position in Dominion Energy by 3,615.9% in the first quarter. BlackRock Inc. now owns 45,518,516 shares of the utilities provider’s stock valued at $3,530,873,000 after purchasing an additional 44,293,566 shares during the period. Vanguard Group Inc. raised its position in Dominion Energy by 3.4% in the first quarter. Vanguard Group Inc. now owns 43,602,368 shares of the utilities provider’s stock valued at $3,382,237,000 after purchasing an additional 1,435,767 shares during the period. Wellington Management Group LLP raised its position in Dominion Energy by 2.7% in the first quarter. Wellington Management Group LLP now owns 30,572,031 shares of the utilities provider’s stock valued at $2,371,472,000 after purchasing an additional 790,484 shares during the period. Federated Investors Inc. PA raised its position in Dominion Energy by 5.4% in the second quarter. Federated Investors Inc. PA now owns 8,967,983 shares of the utilities provider’s stock valued at $687,216,000 after purchasing an additional 461,484 shares during the period. Finally, Wells Fargo & Company MN raised its position in Dominion Energy by 24.7% in the second quarter. Wells Fargo & Company MN now owns 6,110,200 shares of the utilities provider’s stock valued at $468,223,000 after purchasing an additional 1,209,768 shares during the period. 64.44% of the stock is currently owned by institutional investors.
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D has been the topic of several research analyst reports. BidaskClub downgraded Dominion Energy from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Zacks Investment Research upgraded Dominion Energy from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Tuesday, July 11th. Citigroup Inc. cut their price objective on Dominion Energy from $78.00 to $76.00 and set a “neutral” rating on the stock in a report on Wednesday, July 26th. Deutsche Bank AG boosted their price objective on Dominion Energy from $76.00 to $77.00 and gave the company a “hold” rating in a report on Thursday, August 3rd. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $77.00 price objective on shares of Dominion Energy in a report on Monday, August 21st. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $80.38.
Dominion Energy Inc. (D) opened at 78.01 on Thursday. Dominion Energy Inc. has a 52-week low of $69.51 and a 52-week high of $81.65. The stock’s 50 day moving average price is $78.14 and its 200 day moving average price is $78.10. The firm has a market capitalization of $50.13 billion, a PE ratio of 22.58 and a beta of 0.28.
Dominion Energy (NYSE:D) last announced its earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.01. Dominion Energy had a return on equity of 14.04% and a net margin of 17.48%. The business had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same period in the previous year, the company earned $0.71 earnings per share. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. Analysts expect that Dominion Energy Inc. will post $3.63 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Friday, September 1st were given a dividend of $0.755 per share. This represents a $3.02 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date of this dividend was Wednesday, August 30th. Dominion Energy’s payout ratio is 87.28%.
Dominion Energy Company Profile
Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.
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