Global Financial Private Capital LLC lifted its holdings in shares of Dominion Energy Inc. (NYSE:D) by 16.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 371,420 shares of the utilities provider’s stock after acquiring an additional 52,294 shares during the period. Dominion Energy makes up approximately 1.4% of Global Financial Private Capital LLC’s investment portfolio, making the stock its 22nd largest holding. Global Financial Private Capital LLC owned 0.06% of Dominion Energy worth $28,462,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the company. Waldron LP acquired a new stake in shares of Dominion Energy during the first quarter worth about $236,000. Pax World Management LLC lifted its holdings in shares of Dominion Energy by 9.9% during the first quarter. Pax World Management LLC now owns 4,448 shares of the utilities provider’s stock worth $345,000 after purchasing an additional 400 shares during the period. Pettyjohn Wood & White Inc. lifted its holdings in shares of Dominion Energy by 20.3% during the first quarter. Pettyjohn Wood & White Inc. now owns 59,607 shares of the utilities provider’s stock worth $4,624,000 after purchasing an additional 10,055 shares during the period. Commerce Bank lifted its holdings in shares of Dominion Energy by 5.6% during the first quarter. Commerce Bank now owns 81,575 shares of the utilities provider’s stock worth $6,328,000 after purchasing an additional 4,302 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Dominion Energy by 29.7% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 46,593 shares of the utilities provider’s stock worth $3,614,000 after purchasing an additional 10,665 shares during the period. Institutional investors and hedge funds own 64.43% of the company’s stock.
Dominion Energy Inc. (D) opened at 79.03 on Tuesday. The firm has a market capitalization of $50.78 billion, a P/E ratio of 22.87 and a beta of 0.28. Dominion Energy Inc. has a one year low of $69.51 and a one year high of $81.65. The firm has a 50-day moving average price of $78.04 and a 200-day moving average price of $78.11.
Dominion Energy (NYSE:D) last announced its earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share for the quarter, beating the 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 company had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period last year, the business posted $0.71 EPS. The company’s revenue was up 8.3% on a year-over-year basis. Equities analysts anticipate that Dominion Energy Inc. will post $3.63 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Friday, December 1st will be issued a $0.77 dividend. This is a boost from Dominion Energy’s previous quarterly dividend of $0.76. This represents a $3.08 annualized dividend and a dividend yield of 3.90%. The ex-dividend date of this dividend is Thursday, November 30th. Dominion Energy’s dividend payout ratio (DPR) is currently 87.28%.
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D has been the subject of a number of research reports. Zacks Investment Research raised Dominion Energy from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Deutsche Bank AG lifted their target price on Dominion Energy from $76.00 to $77.00 and gave the stock a “hold” rating in a report on Thursday, August 3rd. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $78.00 target price on shares of Dominion Energy in a report on Thursday, September 14th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $77.00 target price on shares of Dominion Energy in a report on Monday, August 21st. Finally, Citigroup Inc. decreased their target price on Dominion Energy from $78.00 to $76.00 and set a “neutral” rating for the company in a report on Wednesday, July 26th. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $80.56.
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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