Northern Trust Corp trimmed its stake in shares of Dominion Energy Inc. (NYSE:D) by 1.6% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 7,705,590 shares of the utilities provider’s stock after selling 125,136 shares during the quarter. Northern Trust Corp owned about 1.23% of Dominion Energy worth $590,480,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in D. Tradewinds Capital Management LLC lifted its position in shares of Dominion Energy by 0.9% during the 2nd quarter. Tradewinds Capital Management LLC now owns 1,318 shares of the utilities provider’s stock valued at $101,000 after acquiring an additional 12 shares during the period. Tortoise Capital Advisors L.L.C. lifted its position in shares of 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 valued at $107,000 after acquiring an additional 1,076 shares during the period. Pacad Investment Ltd. bought a new stake in shares of Dominion Energy during the 2nd quarter valued at $107,000. Enterprise Financial Services Corp lifted its position in shares of Dominion Energy by 5.8% during the 2nd quarter. Enterprise Financial Services Corp now owns 1,456 shares of the utilities provider’s stock valued at $112,000 after acquiring an additional 80 shares during the period. Finally, Monroe Bank & Trust MI lifted its position in shares of Dominion Energy by 36.1% during the 2nd quarter. Monroe Bank & Trust MI now owns 1,507 shares of the utilities provider’s stock valued at $116,000 after acquiring an additional 400 shares during the period. Hedge funds and other institutional investors own 64.44% of the company’s stock.
Dominion Energy Inc. (D) opened at 78.63 on Friday. The stock’s 50 day moving average price is $78.12 and its 200-day moving average price is $78.10. Dominion Energy Inc. has a 12-month low of $69.51 and a 12-month high of $81.65. The firm has a market cap of $50.53 billion, a PE ratio of 22.76 and a beta of 0.28.
Dominion Energy (NYSE:D) last issued its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (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 firm had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the previous year, the company posted $0.71 earnings per share. The company’s revenue was up 8.3% compared to the same quarter last year. Equities research analysts anticipate that Dominion Energy Inc. will post $3.63 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 3.92%. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.76. Dominion Energy’s payout ratio is 87.28%.
A number of analysts have recently weighed in on D shares. Zacks Investment Research upgraded Dominion Energy from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research report on Tuesday, July 11th. BidaskClub downgraded Dominion Energy from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Citigroup Inc. cut their target price on Dominion Energy from $78.00 to $76.00 and set a “neutral” rating for the company in a research report on Wednesday, July 26th. KeyCorp reissued a “hold” rating on shares of Dominion Energy in a report on Friday, September 1st. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $78.00 price target on shares of Dominion Energy in a report on Thursday, September 14th. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Dominion Energy has a consensus rating of “Hold” and an average target price of $80.56.
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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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