Rational Advisors LLC purchased a new stake in Dominion Energy Inc. (NYSE:D) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,900 shares of the utilities provider’s stock, valued at approximately $222,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in D. Tradewinds Capital Management LLC raised its stake in shares of Dominion Energy by 1.0% in the 1st quarter. Tradewinds Capital Management LLC now owns 1,306 shares of the utilities provider’s stock valued at $101,000 after purchasing an additional 13 shares during the period. Enterprise Financial Services Corp grew its holdings in shares of Dominion Energy by 62.6% in the 1st quarter. Enterprise Financial Services Corp now owns 1,376 shares of the utilities provider’s stock valued at $107,000 after acquiring an additional 530 shares in the last quarter. Tortoise Capital Advisors L.L.C. grew its holdings in shares of Dominion Energy by 336.3% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 1,396 shares of the utilities provider’s stock valued at $107,000 after acquiring an additional 1,076 shares in the last quarter. Clean Yield Group bought a new position in shares of Dominion Energy in the 1st quarter valued at about $117,000. Finally, Bollard Group LLC grew its holdings in shares of Dominion Energy by 0.8% in the 2nd quarter. Bollard Group LLC now owns 1,528 shares of the utilities provider’s stock valued at $117,000 after acquiring an additional 12 shares in the last quarter. 64.49% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently weighed in on the company. KeyCorp restated a “hold” rating on shares of Dominion Energy in a report on Friday, September 1st. Royal Bank Of Canada restated a “hold” rating and issued a $77.00 price objective on shares of Dominion Energy in a report on Monday, August 21st. Zacks Investment Research upgraded Dominion Energy from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Deutsche Bank AG raised their price objective on Dominion Energy from $76.00 to $77.00 and gave the company a “hold” rating in a report on Thursday, August 3rd. Finally, Citigroup Inc. decreased their price objective on Dominion Energy from $78.00 to $76.00 and set a “neutral” rating for the company in a report on Wednesday, July 26th. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Dominion Energy currently has an average rating of “Hold” and a consensus price target of $80.57.
Dominion Energy Inc. (NYSE:D) opened at 78.18 on Wednesday. The company has a market cap of $50.24 billion, a PE ratio of 22.63 and a beta of 0.29. Dominion Energy Inc. has a 12-month low of $69.51 and a 12-month high of $81.65. The company’s 50-day moving average price is $78.27 and its 200-day moving average price is $78.00.
Dominion Energy (NYSE:D) last released its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 EPS 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 during the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the prior year, the business earned $0.71 earnings per share. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. Equities analysts anticipate that Dominion Energy Inc. will post $3.64 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.755 per share. This represents a $3.02 annualized dividend and a dividend yield of 3.86%. The ex-dividend date is Wednesday, August 30th. Dominion Energy’s dividend payout ratio (DPR) is presently 87.28%.
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About Dominion Energy
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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