Tower Research Capital LLC TRC increased its stake in shares of Dominion Energy Inc (NYSE:D) by 28.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,950 shares of the utilities provider’s stock after acquiring an additional 4,645 shares during the period. Tower Research Capital LLC TRC’s holdings in Dominion Energy were worth $1,428,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vident Investment Advisory LLC raised its stake in Dominion Energy by 9.8% in the second quarter. Vident Investment Advisory LLC now owns 20,232 shares of the utilities provider’s stock valued at $1,379,000 after buying an additional 1,806 shares during the period. SevenBridge Financial Group LLC raised its stake in Dominion Energy by 53.8% in the second quarter. SevenBridge Financial Group LLC now owns 12,130 shares of the utilities provider’s stock valued at $827,000 after buying an additional 4,243 shares during the period. Hilltop Holdings Inc. raised its stake in Dominion Energy by 4.2% in the second quarter. Hilltop Holdings Inc. now owns 22,292 shares of the utilities provider’s stock valued at $1,519,000 after buying an additional 897 shares during the period. Impax Asset Management LLC raised its stake in Dominion Energy by 11.7% in the second quarter. Impax Asset Management LLC now owns 7,687 shares of the utilities provider’s stock valued at $524,000 after buying an additional 805 shares during the period. Finally, Macquarie Group Ltd. raised its stake in Dominion Energy by 7.7% in the second quarter. Macquarie Group Ltd. now owns 415,900 shares of the utilities provider’s stock valued at $28,356,000 after buying an additional 29,600 shares during the period. Institutional investors and hedge funds own 67.30% of the company’s stock.
A number of equities analysts have recently weighed in on D shares. Zacks Investment Research lowered Dominion Energy from a “buy” rating to a “hold” rating in a research note on Thursday, August 9th. JPMorgan Chase & Co. increased their target price on Dominion Energy from $67.00 to $70.00 and gave the stock a “hold” rating in a research note on Monday, July 23rd. Guggenheim reiterated a “buy” rating and set a $77.00 target price on shares of Dominion Energy in a research note on Monday, July 23rd. Howard Weil started coverage on Dominion Energy in a research note on Tuesday, July 24th. They set a “sector perform” rating on the stock. Finally, ValuEngine upgraded Dominion Energy from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 26th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $84.70.
Shares of NYSE D opened at $71.86 on Friday. The company has a market cap of $46.79 billion, a PE ratio of 19.96, a PEG ratio of 2.86 and a beta of 0.26. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.36 and a current ratio of 0.52. Dominion Energy Inc has a 1-year low of $61.53 and a 1-year high of $85.30.
Dominion Energy (NYSE:D) last announced its earnings results on Wednesday, August 1st. The utilities provider reported $0.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.07. The company had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.04 billion. Dominion Energy had a return on equity of 13.13% and a net margin of 23.69%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.67 earnings per share. equities research analysts predict that Dominion Energy Inc will post 4.12 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 20th. Investors of record on Friday, September 7th will be given a dividend of $0.835 per share. This represents a $3.34 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date of this dividend is Thursday, September 6th. Dominion Energy’s dividend payout ratio is currently 92.78%.
About Dominion Energy
Dominion Energy, Inc produces and transports energy in the United States. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities through gas, coal, nuclear, oil, renewables, biomass, hydro, solar, and power purchase agreements; and related energy supply operations.
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