Clinton Group Inc. bought a new position in shares of Dominion Energy Inc. (NYSE:D) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 44,352 shares of the utilities provider’s stock, valued at approximately $3,399,000.
Other hedge funds also recently made changes to their positions in the company. Tradewinds Capital Management LLC boosted its stake in Dominion Energy by 0.9% during the second quarter. Tradewinds Capital Management LLC now owns 1,318 shares of the utilities provider’s stock worth $101,000 after buying an additional 12 shares in the last quarter. Tortoise Capital Advisors L.L.C. boosted its stake in Dominion Energy by 336.3% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 1,396 shares of the utilities provider’s stock worth $107,000 after buying an additional 1,076 shares in the last quarter. Pacad Investment Ltd. acquired a new stake in Dominion Energy during the second quarter worth $107,000. Enterprise Financial Services Corp boosted its stake in Dominion Energy by 5.8% during the second quarter. Enterprise Financial Services Corp now owns 1,456 shares of the utilities provider’s stock worth $112,000 after buying an additional 80 shares in the last quarter. Finally, Monroe Bank & Trust MI boosted its stake in Dominion Energy by 36.1% during the second quarter. Monroe Bank & Trust MI now owns 1,507 shares of the utilities provider’s stock worth $116,000 after buying an additional 400 shares in the last quarter. 64.43% of the stock is currently owned by institutional investors and hedge funds.
Shares of Dominion Energy Inc. (NYSE D) traded up 0.12% during mid-day trading on Friday, hitting $80.51. The stock had a trading volume of 2,161,384 shares. The stock’s 50-day moving average is $78.23 and its 200-day moving average is $78.22. The firm has a market capitalization of $51.73 billion, a PE ratio of 23.30 and a beta of 0.28. Dominion Energy Inc. has a 1-year low of $69.51 and a 1-year high of $81.65.
Dominion Energy (NYSE:D) last announced its quarterly earnings data 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. The company had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Dominion Energy had a net margin of 17.48% and a return on equity of 14.04%. The business’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS. Equities analysts expect that Dominion Energy Inc. will post $3.59 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Friday, December 1st will be paid a $0.77 dividend. The ex-dividend date is Thursday, November 30th. This represents a $3.08 annualized dividend and a dividend yield of 3.83%. This is a boost from Dominion Energy’s previous quarterly dividend of $0.76. Dominion Energy’s payout ratio is currently 87.28%.
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Several brokerages have recently commented on D. Citigroup Inc. upped their price target on shares of Dominion Energy from $76.00 to $78.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 17th. Deutsche Bank AG upped their price target on shares of Dominion Energy from $76.00 to $77.00 and gave the stock a “hold” rating in a research report on Thursday, August 3rd. Royal Bank Of Canada reiterated a “hold” rating and set a $77.00 price target on shares of Dominion Energy in a research report on Monday, August 21st. Zacks Investment Research downgraded shares of Dominion Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Finally, KeyCorp reiterated a “hold” rating on shares of Dominion Energy in a research report on Friday, September 1st. Twelve analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company 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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