HighTower Advisors LLC boosted its stake in Dominion Energy Inc. (NYSE:D) by 3.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 112,307 shares of the utilities provider’s stock after purchasing an additional 3,949 shares during the quarter. HighTower Advisors LLC’s holdings in Dominion Energy were worth $8,602,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. People s United Financial Inc. boosted its position in shares of Dominion Energy by 1.6% during the 2nd quarter. People s United Financial Inc. now owns 41,139 shares of the utilities provider’s stock valued at $3,153,000 after acquiring an additional 629 shares during the last quarter. Balyasny Asset Management LLC bought a new stake in shares of Dominion Energy during the 2nd quarter valued at about $1,027,000. QS Investors LLC boosted its position in shares of Dominion Energy by 14.0% during the 2nd quarter. QS Investors LLC now owns 89,268 shares of the utilities provider’s stock valued at $6,841,000 after acquiring an additional 10,967 shares during the last quarter. Carnegie Capital Asset Management LLC boosted its position in shares of Dominion Energy by 1.2% during the 2nd quarter. Carnegie Capital Asset Management LLC now owns 24,496 shares of the utilities provider’s stock valued at $1,906,000 after acquiring an additional 300 shares during the last quarter. Finally, Cutler Investment Counsel LLC boosted its position in shares of Dominion Energy by 1.5% during the 2nd quarter. Cutler Investment Counsel LLC now owns 102,994 shares of the utilities provider’s stock valued at $7,892,000 after acquiring an additional 1,501 shares during the last quarter. Institutional investors and hedge funds own 64.43% of the company’s stock.
Shares of Dominion Energy Inc. (NYSE D) opened at 80.51 on Friday. The company has a 50-day moving average price of $78.23 and a 200 day moving average price of $78.22. The stock 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 52 week low of $69.51 and a 52 week high of $81.65.
Dominion Energy (NYSE:D) last released its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. Dominion Energy had a return on equity of 14.04% and a net margin of 17.48%. The firm had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the prior year, the firm posted $0.71 earnings per share. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. Equities analysts forecast that Dominion Energy Inc. will post $3.59 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Friday, December 1st will be issued a $0.77 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This is a boost from Dominion Energy’s previous quarterly dividend of $0.76. This represents a $3.08 dividend on an annualized basis and a yield of 3.83%. Dominion Energy’s dividend payout ratio is currently 87.28%.
A number of analysts recently weighed in on the company. Bank of America Corporation began coverage on Dominion Energy in a research report on Tuesday. They issued a “neutral” rating and a $80.00 target price for the company. KeyCorp reaffirmed a “hold” rating on shares of Dominion Energy in a research note on Friday, October 20th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $78.00 price target on shares of Dominion Energy in a research note on Thursday, September 14th. Citigroup Inc. lifted their price target on Dominion Energy from $76.00 to $78.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 17th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $77.00 price target on shares of Dominion Energy in a research note on Monday, August 21st. Twelve analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $80.70.
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About Dominion Energy
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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