Vanguard Group Inc. grew its stake in Dominion Energy Inc. (NYSE:D) by 2.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,796,520 shares of the utilities provider’s stock after acquiring an additional 1,194,152 shares during the quarter. Vanguard Group Inc. owned 7.13% of Dominion Energy worth $3,432,756,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the company. Tradewinds Capital Management LLC increased its stake in Dominion Energy by 0.9% during the 2nd quarter. Tradewinds Capital Management LLC now owns 1,318 shares of the utilities provider’s stock worth $101,000 after purchasing an additional 12 shares in the last quarter. Tortoise Capital Advisors L.L.C. increased its stake in Dominion Energy by 336.3% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 1,396 shares of the utilities provider’s stock worth $107,000 after purchasing an additional 1,076 shares in the last quarter. Pacad Investment Ltd. bought a new stake in Dominion Energy during the 2nd quarter worth approximately $107,000. Enterprise Financial Services Corp increased its stake in Dominion Energy by 5.8% during the 2nd quarter. Enterprise Financial Services Corp now owns 1,456 shares of the utilities provider’s stock worth $112,000 after purchasing an additional 80 shares in the last quarter. Finally, Monroe Bank & Trust MI increased its stake in Dominion Energy by 36.1% during the 2nd quarter. Monroe Bank & Trust MI now owns 1,507 shares of the utilities provider’s stock worth $116,000 after purchasing an additional 400 shares in the last quarter. 64.44% of the stock is owned by institutional investors.
Shares of Dominion Energy Inc. (NYSE:D) opened at 78.63 on Friday. The firm has a market cap of $50.53 billion, a P/E ratio of 22.76 and a beta of 0.28. Dominion Energy Inc. has a 12-month low of $69.51 and a 12-month high of $81.65. The stock has a 50 day moving average price of $78.12 and a 200 day moving average price of $78.10.
Dominion Energy (NYSE:D) last posted its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ 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 analysts’ expectations of $2.94 billion. During the same quarter in the previous year, the firm earned $0.71 earnings per share. The business’s revenue was up 8.3% on a year-over-year basis. On average, equities analysts expect that Dominion Energy Inc. will post $3.63 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Friday, December 1st will be given a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 3.92%. This is a boost from Dominion Energy’s previous quarterly dividend of $0.76. Dominion Energy’s payout ratio is currently 87.28%.
A number of analysts recently issued reports on the company. J P Morgan Chase & Co increased their target price on Dominion Energy from $78.00 to $82.00 and gave the stock a “neutral” rating in a research note on Thursday. Zacks Investment Research raised Dominion Energy from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research note on Tuesday, October 3rd. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $78.00 target price on shares of Dominion Energy in a research note on Thursday, September 14th. KeyCorp reissued a “hold” rating on shares of Dominion Energy in a research note on Friday, September 1st. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $77.00 price target on shares of Dominion Energy in a research report on Monday, August 21st. Ten analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Dominion Energy presently has a consensus rating of “Hold” and an average price target 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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