Schroder Investment Management Group boosted its stake in shares of Dominion Energy Inc. (NYSE:D) by 15.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,525 shares of the utilities provider’s stock after buying an additional 4,208 shares during the period. Schroder Investment Management Group’s holdings in Dominion Energy were worth $2,440,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Wells Fargo & Company MN increased its stake in Dominion Energy by 24.0% in the first quarter. Wells Fargo & Company MN now owns 4,900,432 shares of the utilities provider’s stock worth $380,127,000 after buying an additional 949,647 shares during the period. Norges Bank bought a new stake in Dominion Energy during the fourth quarter worth approximately $329,937,000. Pictet Asset Management Ltd. increased its stake in Dominion Energy by 0.9% in the first quarter. Pictet Asset Management Ltd. now owns 3,691,670 shares of the utilities provider’s stock worth $286,363,000 after buying an additional 31,618 shares during the period. Swiss National Bank increased its stake in Dominion Energy by 21.9% in the first quarter. Swiss National Bank now owns 2,820,737 shares of the utilities provider’s stock worth $218,805,000 after buying an additional 506,000 shares during the period. Finally, UBS Asset Management Americas Inc. increased its stake in Dominion Energy by 16.2% in the first quarter. UBS Asset Management Americas Inc. now owns 2,492,320 shares of the utilities provider’s stock worth $193,329,000 after buying an additional 347,555 shares during the period. Hedge funds and other institutional investors own 66.12% of the company’s stock.
Dominion Energy Inc. (NYSE:D) traded up 0.05% during mid-day trading on Tuesday, hitting $77.96. 1,266,812 shares of the company were exchanged. Dominion Energy Inc. has a 12-month low of $69.51 and a 12-month high of $81.65. The stock has a market cap of $48.97 billion, a P/E ratio of 22.56 and a beta of 0.28. The company has a 50 day moving average of $77.52 and a 200 day moving average of $77.14.
Dominion Energy (NYSE:D) last announced its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. The business had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.94 billion. Dominion Energy had a net margin of 17.48% and a return on equity of 14.04%. Dominion Energy’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period last year, the company posted $0.71 EPS. On average, equities research analysts expect that Dominion Energy Inc. will post $3.65 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Friday, September 1st will be given a $0.755 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $3.02 dividend on an annualized basis and a dividend yield of 3.87%. Dominion Energy’s dividend payout ratio is 87.28%.
D has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Dominion Energy from a “sell” rating to a “hold” rating in a research report on Friday. Royal Bank Of Canada set a $77.00 price target on shares of Dominion Energy and gave the stock a “hold” rating in a research report on Saturday, June 3rd. Morgan Stanley dropped their target price on shares of Dominion Energy from $81.00 to $79.00 and set an “equal weight” rating on the stock in a report on Monday, May 8th. Deutsche Bank AG boosted their target price on shares of Dominion Energy from $76.00 to $77.00 and gave the stock a “hold” rating in a report on Thursday, August 3rd. Finally, Citigroup Inc. dropped their target price on shares of Dominion Energy from $78.00 to $76.00 and set a “neutral” rating on the stock in a report on Wednesday, July 26th. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $80.57.
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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