Gerber Kawasaki Wealth & Investment Management acquired a new position in shares of Dominion Energy Inc (NYSE:D) in the 4th quarter, Holdings Channel reports. The firm acquired 2,653 shares of the utilities provider’s stock, valued at approximately $215,000.
A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Dominion Energy by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 44,796,520 shares of the utilities provider’s stock worth $3,432,756,000 after buying an additional 1,194,152 shares in the last quarter. Wells Fargo & Company MN increased its stake in Dominion Energy by 4.0% during the 3rd quarter. Wells Fargo & Company MN now owns 6,355,070 shares of the utilities provider’s stock worth $488,896,000 after buying an additional 244,870 shares in the last quarter. Legal & General Group Plc increased its stake in Dominion Energy by 6.0% during the 3rd quarter. Legal & General Group Plc now owns 4,475,084 shares of the utilities provider’s stock worth $344,260,000 after buying an additional 253,699 shares in the last quarter. Commonwealth Bank of Australia increased its stake in Dominion Energy by 0.9% during the 3rd quarter. Commonwealth Bank of Australia now owns 4,247,763 shares of the utilities provider’s stock worth $325,607,000 after buying an additional 36,643 shares in the last quarter. Finally, Epoch Investment Partners Inc. increased its stake in Dominion Energy by 24.1% during the 3rd quarter. Epoch Investment Partners Inc. now owns 3,527,979 shares of the utilities provider’s stock worth $271,408,000 after buying an additional 684,637 shares in the last quarter. Institutional investors own 64.61% of the company’s stock.
Several research analysts have recently weighed in on the company. Bank of America lowered their target price on Dominion Energy from $80.00 to $79.00 and set a “buy” rating on the stock in a report on Wednesday. UBS Group assumed coverage on Dominion Energy in a report on Friday, February 2nd. They set a “buy” rating and a $85.00 target price on the stock. Hilliard Lyons upgraded Dominion Energy from a “neutral” rating to a “buy” rating and set a $86.00 target price on the stock in a report on Tuesday, January 30th. Zacks Investment Research cut Dominion Energy from a “buy” rating to a “hold” rating in a report on Thursday, January 18th. Finally, JPMorgan Chase & Co. upgraded Dominion Energy from a “neutral” rating to an “overweight” rating and set a $82.00 target price on the stock in a report on Thursday, December 14th. Eleven analysts have rated the stock with a hold rating and five have given a buy rating to the company. Dominion Energy has a consensus rating of “Hold” and a consensus target price of $82.09.
Dominion Energy (NYSE:D) last released its quarterly earnings data on Monday, January 29th. The utilities provider reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.02. Dominion Energy had a return on equity of 12.99% and a net margin of 24.92%. The firm had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.47 billion. During the same period in the prior year, the firm posted $0.99 earnings per share. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. equities analysts anticipate that Dominion Energy Inc will post 4.03 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 20th. Investors of record on Friday, March 2nd will be issued a $0.835 dividend. The ex-dividend date of this dividend is Thursday, March 1st. This is a boost from Dominion Energy’s previous quarterly dividend of $0.77. This represents a $3.34 dividend on an annualized basis and a yield of 4.53%. Dominion Energy’s dividend payout ratio is currently 62.73%.
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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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