State Treasurer State of Michigan raised its position in Dominion Energy Inc. (NYSE:D) by 0.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 206,749 shares of the utilities provider’s stock after buying an additional 400 shares during the period. State Treasurer State of Michigan’s holdings in Dominion Energy were worth $15,843,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Tradewinds Capital Management LLC increased its position in Dominion Energy by 1.0% in the first quarter. Tradewinds Capital Management LLC now owns 1,306 shares of the utilities provider’s stock valued at $101,000 after buying an additional 13 shares during the last quarter. Enterprise Financial Services Corp increased its position in Dominion Energy by 62.6% in the first quarter. Enterprise Financial Services Corp now owns 1,376 shares of the utilities provider’s stock valued at $107,000 after buying an additional 530 shares during the last quarter. Clean Yield Group purchased a new position in Dominion Energy during the first quarter valued at about $117,000. Bollard Group LLC increased its position in Dominion Energy by 0.9% in the first quarter. Bollard Group LLC now owns 1,516 shares of the utilities provider’s stock valued at $118,000 after buying an additional 13 shares during the last quarter. Finally, Advantage Investment Management LLC increased its position in Dominion Energy by 247.7% in the first quarter. Advantage Investment Management LLC now owns 1,582 shares of the utilities provider’s stock valued at $123,000 after buying an additional 1,127 shares during the last quarter. 66.18% of the stock is currently owned by institutional investors and hedge funds.
Dominion Energy Inc. (D) traded up 0.60% during midday trading on Wednesday, reaching $77.76. 634,207 shares of the company’s stock traded hands. The company has a market capitalization of $48.91 billion, a PE ratio of 21.77 and a beta of 0.28. The firm’s 50 day moving average price is $77.52 and its 200-day moving average price is $77.14. Dominion Energy Inc. has a 1-year low of $69.51 and a 1-year high of $81.65.
Dominion Energy (NYSE:D) last posted 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. The company had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.94 billion. Dominion Energy had a net margin of 18.29% and a return on equity of 14.53%. Dominion Energy’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.71 earnings per share. Equities analysts expect that Dominion Energy Inc. will post $3.65 EPS for the current year.
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Several equities analysts recently issued reports on D shares. Zacks Investment Research downgraded Dominion Energy from a “hold” rating to a “sell” rating in a research report on Monday, April 10th. BidaskClub downgraded Dominion Energy from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Barclays PLC reissued an “overweight” rating and issued a $89.00 target price (up from $80.00) on shares of Dominion Energy in a research report on Sunday, April 23rd. Deutsche Bank AG upped their target price on Dominion Energy from $74.00 to $76.00 and gave the company a “hold” rating in a research report on Tuesday, April 11th. Finally, Morgan Stanley cut their target price on Dominion Energy from $81.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Monday, May 8th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $80.43.
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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