Stifel Financial Corp boosted its position in shares of Dominion Energy Inc. (NYSE:D) by 12.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 255,217 shares of the utilities provider’s stock after purchasing an additional 27,526 shares during the period. Stifel Financial Corp’s holdings in Dominion Energy were worth $19,577,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Candriam Luxembourg S.C.A. boosted its holdings in Dominion Energy by 3.8% in the second quarter. Candriam Luxembourg S.C.A. now owns 41,042 shares of the utilities provider’s stock worth $3,145,000 after purchasing an additional 1,488 shares in the last quarter. Bessemer Group Inc. lifted its position in Dominion Energy by 4.1% during the 2nd quarter. Bessemer Group Inc. now owns 17,265 shares of the utilities provider’s stock worth $1,324,000 after acquiring an additional 674 shares during the last quarter. Aviva PLC lifted its position in Dominion Energy by 2.0% during the 2nd quarter. Aviva PLC now owns 395,741 shares of the utilities provider’s stock worth $30,330,000 after acquiring an additional 7,620 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in Dominion Energy during the 2nd quarter worth $1,749,000. Finally, LMR Partners LLP acquired a new position in Dominion Energy during the 2nd quarter worth $677,000. Institutional investors and hedge funds own 64.43% of the company’s stock.
Dominion Energy Inc. (NYSE D) opened at 80.41 on Friday. Dominion Energy Inc. has a 52-week low of $69.51 and a 52-week high of $81.65. The company has a market cap of $51.67 billion, a P/E ratio of 23.27 and a beta of 0.28. The company has a 50-day moving average of $78.23 and a 200-day moving average of $78.22.
Dominion Energy (NYSE:D) last issued its earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.01. The business had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.94 billion. Dominion Energy had a return on equity of 14.04% and a net margin of 17.48%. Dominion Energy’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.71 EPS. On average, equities research analysts expect that Dominion Energy Inc. will post $3.60 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 is an increase from Dominion Energy’s previous quarterly dividend of $0.76. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date of this dividend is Thursday, November 30th. Dominion Energy’s payout ratio is currently 87.28%.
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D has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a research note on Tuesday, July 11th. Citigroup Inc. decreased their price objective on shares of Dominion Energy from $78.00 to $76.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 26th. JPMorgan Chase & Co. increased their price target on shares of Dominion Energy from $78.00 to $82.00 and gave the company a “neutral” rating in a research note on Thursday, October 12th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $78.00 price target on shares of Dominion Energy in a research note on Thursday, September 14th. Finally, KeyCorp reissued a “hold” rating on shares of Dominion Energy in a research note on Friday, September 1st. Twelve analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $80.70.
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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