Inscription Capital LLC acquired a new position in shares of Dominion Energy, Inc. (NYSE:D) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,548 shares of the utilities provider’s stock, valued at approximately $482,000.
A number of other large investors have also recently made changes to their positions in D. Smith Asset Management Group LP acquired a new position in shares of Dominion Energy during the 2nd quarter worth about $29,000. Laurel Wealth Planning LLC acquired a new position in shares of Dominion Energy during the 2nd quarter worth about $29,000. Moisand Fitzgerald Tamayo LLC grew its position in shares of Dominion Energy by 83.3% during the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 440 shares of the utilities provider’s stock worth $32,000 after buying an additional 200 shares during the period. KB Financial Partners LLC acquired a new position in shares of Dominion Energy during the 1st quarter worth about $37,000. Finally, Logan Capital Management Inc. acquired a new position in shares of Dominion Energy during the 1st quarter worth about $38,000. 66.10% of the stock is owned by hedge funds and other institutional investors.
D has been the subject of several research analyst reports. Scotiabank upgraded Dominion Energy from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $88.00 to $92.00 in a research report on Tuesday, July 6th. They noted that the move was a valuation call. KeyCorp boosted their price objective on Dominion Energy from $82.00 to $83.00 and gave the company an “overweight” rating in a research report on Tuesday, July 20th. Mizuho decreased their price objective on Dominion Energy from $80.00 to $77.00 and set a “neutral” rating for the company in a research report on Tuesday, July 13th. TheStreet cut Dominion Energy from a “b” rating to a “c+” rating in a research note on Friday, August 6th. Finally, Morgan Stanley cut their target price on Dominion Energy from $82.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Friday, September 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Dominion Energy has an average rating of “Buy” and an average price target of $83.90.
Dominion Energy (NYSE:D) last released its earnings results on Thursday, August 5th. The utilities provider reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.01). The company had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.48 billion. Dominion Energy had a return on equity of 12.47% and a net margin of 16.61%. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period last year, the company posted $0.73 earnings per share. On average, equities analysts anticipate that Dominion Energy, Inc. will post 3.87 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 20th. Investors of record on Friday, September 3rd were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 3.43%. The ex-dividend date was Thursday, September 2nd. Dominion Energy’s dividend payout ratio (DPR) is presently 71.19%.
Dominion Energy Profile
Dominion Energy, Inc engages in the provision of electricity and natural gas to homes, businesses, and wholesale customers. Its operations also include a regulated interstate natural gas transmission pipeline and underground storage system. It operates through following business segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, Contracted Assets and Corporate and Other.
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