Pensionfund Sabic bought a new stake in Dominion Energy Inc (NYSE:D) during the second quarter, HoldingsChannel reports. The firm bought 35,000 shares of the utilities provider’s stock, valued at approximately $2,386,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cornerstone Capital Management Holdings LLC. raised its stake in Dominion Energy by 8.3% during the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 138,939 shares of the utilities provider’s stock worth $11,262,000 after acquiring an additional 10,700 shares during the period. BB&T Investment Services Inc. grew its position in Dominion Energy by 15.5% in the 4th quarter. BB&T Investment Services Inc. now owns 18,083 shares of the utilities provider’s stock worth $1,464,000 after purchasing an additional 2,432 shares during the last quarter. WealthPLAN Partners LLC bought a new position in Dominion Energy in the 4th quarter worth about $425,000. MetLife Investment Advisors LLC bought a new position in Dominion Energy in the 4th quarter worth about $16,140,000. Finally, ING Groep NV bought a new position in Dominion Energy in the 1st quarter worth about $288,000. Hedge funds and other institutional investors own 67.36% of the company’s stock.
D stock traded down $0.62 on Monday, hitting $67.56. 114,870 shares of the company’s stock traded hands, compared to its average volume of 4,644,689. Dominion Energy Inc has a 1-year low of $61.53 and a 1-year high of $85.30. The firm has a market cap of $44.49 billion, a PE ratio of 18.77, a P/E/G ratio of 2.75 and a beta of 0.28. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.46 and a quick ratio of 0.31.
Dominion Energy (NYSE:D) last released its earnings results on Friday, April 27th. The utilities provider reported $1.14 EPS for the quarter, beating the consensus estimate of $1.03 by $0.11. Dominion Energy had a net margin of 23.74% and a return on equity of 12.88%. The business had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.48 billion. During the same period in the prior year, the business earned $0.97 earnings per share. The business’s quarterly revenue was up 2.4% on a year-over-year basis. sell-side analysts expect that Dominion Energy Inc will post 4.08 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 20th. Investors of record on Friday, June 1st were paid a dividend of $0.835 per share. This represents a $3.34 annualized dividend and a yield of 4.94%. The ex-dividend date of this dividend was Thursday, May 31st. Dominion Energy’s dividend payout ratio is presently 92.78%.
Several research analysts have commented on the stock. ValuEngine upgraded shares of Dominion Energy from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 26th. JPMorgan Chase & Co. decreased their target price on shares of Dominion Energy from $67.00 to $62.00 and set a “hold” rating for the company in a research report on Thursday, June 7th. UBS Group cut shares of Dominion Energy from a “buy” rating to a “neutral” rating and set a $85.00 target price for the company. in a research report on Friday, March 16th. Wells Fargo & Co decreased their target price on shares of Dominion Energy to $68.00 and set a “market perform” rating for the company in a research report on Friday, April 13th. Finally, Hilliard Lyons set a $76.00 target price on shares of Dominion Energy and gave the stock a “buy” rating in a research report on Thursday, March 29th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $75.21.
In other Dominion Energy news, insider Thomas F. Farrell II bought 4,000 shares of the business’s stock in a transaction that occurred on Thursday, May 10th. The stock was acquired at an average cost of $63.44 per share, with a total value of $253,760.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.34% of the stock is owned by corporate insiders.
About Dominion Energy
Dominion Energy, Inc produces and transports energy in the United States. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities through gas, coal, nuclear, oil, renewables, biomass, hydro, solar, and power purchase agreements; and related energy supply operations.
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