Public Sector Pension investment Board lessened its holdings in Dominion Energy Inc. (NYSE:D) by 49.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 71,758 shares of the utilities provider’s stock after selling 71,300 shares during the period. Public Sector Pension investment Board’s holdings in Dominion Energy were worth $5,499,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Candriam Luxembourg S.C.A. increased its stake in Dominion Energy by 3.8% in the second quarter. Candriam Luxembourg S.C.A. now owns 41,042 shares of the utilities provider’s stock valued at $3,145,000 after acquiring an additional 1,488 shares during the last quarter. Bessemer Group Inc. increased its stake in Dominion Energy by 4.1% in the second quarter. Bessemer Group Inc. now owns 17,265 shares of the utilities provider’s stock valued at $1,324,000 after acquiring an additional 674 shares during the last quarter. Aviva PLC increased its stake in Dominion Energy by 2.0% in the second quarter. Aviva PLC now owns 395,741 shares of the utilities provider’s stock valued at $30,330,000 after acquiring an additional 7,620 shares during the last quarter. LMR Partners LLP bought a new position in Dominion Energy in the second quarter valued at $677,000. Finally, Marshall Wace North America L.P. bought a new position in Dominion Energy in the second quarter valued at $1,749,000. Institutional investors own 64.44% of the company’s stock.
Dominion Energy Inc. (NYSE D) opened at 78.63 on Friday. The stock’s 50 day moving average price is $78.12 and its 200-day moving average price is $78.10. Dominion Energy Inc. has a 52 week low of $69.51 and a 52 week high of $81.65. The company has a market capitalization of $50.53 billion, a PE ratio of 22.76 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, beating the consensus estimate of $0.66 by $0.01. The firm had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Dominion Energy had a net margin of 17.48% and a return on equity of 14.04%. The business’s revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.71 EPS. On average, equities research analysts predict that Dominion Energy Inc. will post $3.63 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Friday, December 1st will be given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 3.92%. This is a boost from Dominion Energy’s previous quarterly dividend of $0.76. Dominion Energy’s dividend payout ratio is currently 87.28%.
D has been the topic of a number of research analyst reports. Zacks Investment Research raised Dominion Energy from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Deutsche Bank AG increased their target price on Dominion Energy from $76.00 to $77.00 and gave the company a “hold” rating in a research note on Thursday, August 3rd. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $78.00 target price on shares of Dominion Energy in a research note on Thursday, September 14th. Royal Bank Of Canada reissued a “hold” rating and issued a $77.00 target price on shares of Dominion Energy in a research note on Monday, August 21st. Finally, Citigroup Inc. reduced their target price on Dominion Energy from $78.00 to $76.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 26th. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Dominion Energy currently has an average rating of “Hold” and an average target price of $80.56.
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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