National Asset Management Inc. Grows Position in Dominion Energy Inc (NYSE:D)

National Asset Management Inc. boosted its stake in Dominion Energy Inc (NYSE:D) by 17.7% in the second quarter, HoldingsChannel reports. The institutional investor owned 14,998 shares of the utilities provider’s stock after buying an additional 2,258 shares during the quarter. National Asset Management Inc.’s holdings in Dominion Energy were worth $1,160,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in D. Nichols & Pratt Advisers LLP MA increased its position in shares of Dominion Energy by 10.3% during the 2nd quarter. Nichols & Pratt Advisers LLP MA now owns 3,200 shares of the utilities provider’s stock valued at $247,000 after purchasing an additional 300 shares during the last quarter. Securian Asset Management Inc increased its position in shares of Dominion Energy by 2.6% during the 2nd quarter. Securian Asset Management Inc now owns 111,694 shares of the utilities provider’s stock valued at $8,636,000 after purchasing an additional 2,855 shares during the last quarter. State Board of Administration of Florida Retirement System grew its stake in shares of Dominion Energy by 4.7% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 1,063,860 shares of the utilities provider’s stock worth $82,258,000 after acquiring an additional 47,701 shares during the period. Lakeview Capital Partners LLC grew its stake in shares of Dominion Energy by 42.2% during the 2nd quarter. Lakeview Capital Partners LLC now owns 6,233 shares of the utilities provider’s stock worth $482,000 after acquiring an additional 1,851 shares during the period. Finally, First Interstate Bank grew its stake in shares of Dominion Energy by 165.2% during the 2nd quarter. First Interstate Bank now owns 8,706 shares of the utilities provider’s stock worth $673,000 after acquiring an additional 5,423 shares during the period. 64.29% of the stock is owned by institutional investors and hedge funds.

NYSE D traded down $0.27 during trading hours on Thursday, hitting $76.72. The company had a trading volume of 26,612 shares, compared to its average volume of 4,492,477. Dominion Energy Inc has a 52 week low of $67.41 and a 52 week high of $79.47. The firm has a 50 day simple moving average of $76.39 and a 200 day simple moving average of $75.86. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.42 and a current ratio of 0.60. The firm has a market capitalization of $62.50 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 3.90 and a beta of 0.25.

Dominion Energy (NYSE:D) last issued its earnings results on Wednesday, July 31st. The utilities provider reported $0.77 EPS for the quarter, topping the consensus estimate of $0.75 by $0.02. Dominion Energy had a return on equity of 11.74% and a net margin of 5.94%. The business had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter last year, the company earned $0.86 EPS. The firm’s revenue was up 28.6% compared to the same quarter last year. On average, research analysts forecast that Dominion Energy Inc will post 4.13 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be paid a $0.9175 dividend. The ex-dividend date is Thursday, September 5th. This represents a $3.67 annualized dividend and a yield of 4.78%. Dominion Energy’s dividend payout ratio is currently 90.62%.

D has been the subject of several research reports. Morgan Stanley set a $84.00 price target on Dominion Energy and gave the stock a “hold” rating in a research note on Friday, August 16th. ValuEngine downgraded Dominion Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, June 12th. KeyCorp initiated coverage on Dominion Energy in a research note on Tuesday, June 4th. They set a “sector weight” rating for the company. Wolfe Research upgraded Dominion Energy from a “peer perform” rating to an “outperform” rating in a research note on Thursday, August 1st. Finally, Bank of America upgraded Dominion Energy from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $79.00 to $80.00 in a research note on Thursday, June 13th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $79.33.

Dominion Energy Profile

Dominion Energy, Inc produces and transports energy. 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.

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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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