Amalgamated Bank decreased its position in shares of Dominion Energy Inc (NYSE:D) by 2.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 81,816 shares of the utilities provider’s stock after selling 2,002 shares during the quarter. Amalgamated Bank’s holdings in Dominion Energy were worth $5,750,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of D. BlackRock Inc. boosted its stake in Dominion Energy by 0.8% in the 3rd quarter. BlackRock Inc. now owns 46,177,530 shares of the utilities provider’s stock worth $3,245,357,000 after purchasing an additional 345,036 shares during the period. Commonwealth Bank of Australia boosted its stake in Dominion Energy by 40.5% in the 2nd quarter. Commonwealth Bank of Australia now owns 8,028,891 shares of the utilities provider’s stock worth $549,725,000 after purchasing an additional 2,316,005 shares during the period. Bank of New York Mellon Corp boosted its stake in Dominion Energy by 29.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,146,819 shares of the utilities provider’s stock worth $431,998,000 after purchasing an additional 1,413,097 shares during the period. Legal & General Group Plc boosted its stake in Dominion Energy by 0.8% in the 2nd quarter. Legal & General Group Plc now owns 4,551,354 shares of the utilities provider’s stock worth $310,311,000 after purchasing an additional 34,408 shares during the period. Finally, FMR LLC boosted its stake in Dominion Energy by 8.2% in the 3rd quarter. FMR LLC now owns 4,189,492 shares of the utilities provider’s stock worth $294,438,000 after purchasing an additional 319,075 shares during the period. Institutional investors own 67.16% of the company’s stock.
D has been the subject of several analyst reports. Zacks Investment Research upgraded Dominion Energy from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a research note on Monday, October 22nd. Barclays assumed coverage on Dominion Energy in a report on Monday, October 22nd. They issued a “buy” rating and a $78.00 price target on the stock. Bank of America lowered their price target on Dominion Energy from $71.00 to $69.00 and set a “neutral” rating on the stock in a report on Friday, November 2nd. Wells Fargo & Co reaffirmed a “hold” rating and issued a $76.00 price target (up previously from $73.00) on shares of Dominion Energy in a report on Monday, September 17th. Finally, UBS Group raised Dominion Energy from a “neutral” rating to a “buy” rating and raised their price target for the company from $75.00 to $84.00 in a report on Thursday, November 29th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Dominion Energy has a consensus rating of “Buy” and an average price target of $85.58.
NYSE:D opened at $75.61 on Monday. Dominion Energy Inc has a twelve month low of $61.53 and a twelve month high of $85.30. The stock has a market capitalization of $49.53 billion, a price-to-earnings ratio of 21.00, a price-to-earnings-growth ratio of 3.07 and a beta of 0.18. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.46 and a current ratio of 0.62.
Dominion Energy (NYSE:D) last released its quarterly earnings results on Thursday, November 1st. The utilities provider reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.02. Dominion Energy had a return on equity of 13.24% and a net margin of 24.63%. The firm had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.41 billion. During the same quarter last year, the firm posted $1.04 EPS. The company’s revenue was up 8.6% compared to the same quarter last year. As a group, research analysts expect that Dominion Energy Inc will post 4.07 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Friday, December 7th will be issued a dividend of $0.835 per share. The ex-dividend date is Thursday, December 6th. This represents a $3.34 dividend on an annualized basis and a dividend yield of 4.42%. Dominion Energy’s dividend payout ratio is 92.78%.
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Dominion Energy Profile
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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