Bridges Investment Counsel Inc. raised its stake in Dominion Energy Inc. (NYSE:D) by 105.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,022 shares of the utilities provider’s stock after buying an additional 5,655 shares during the period. Bridges Investment Counsel Inc.’s holdings in Dominion Energy were worth $845,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in 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 acquired a new position in Dominion Energy during the first quarter valued at $117,000. Bollard Group LLC increased its position in Dominion Energy by 0.8% in the second quarter. Bollard Group LLC now owns 1,528 shares of the utilities provider’s stock valued at $117,000 after buying an additional 12 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. Hedge funds and other institutional investors own 66.12% of the company’s stock.
Shares of Dominion Energy Inc. (NYSE:D) traded down 0.55% during mid-day trading on Friday, hitting $77.39. 1,462,487 shares of the stock traded hands. Dominion Energy Inc. has a 1-year low of $69.51 and a 1-year high of $81.65. The company’s 50-day moving average price is $77.07 and its 200 day moving average price is $77.23. The company has a market capitalization of $49.73 billion, a PE ratio of 22.40 and a beta of 0.28.
Dominion Energy (NYSE:D) last posted its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.01. The firm had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.94 billion. Dominion Energy had a return on equity of 14.04% and a net margin of 17.48%. Dominion Energy’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.71 EPS. Equities research analysts forecast that Dominion Energy Inc. will post $3.64 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Friday, September 1st will be given a $0.755 dividend. This represents a $3.02 annualized dividend and a dividend yield of 3.90%. The ex-dividend date is Wednesday, August 30th. Dominion Energy’s dividend payout ratio is presently 87.28%.
Several research analysts have weighed in on D shares. Zacks Investment Research upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Tuesday, July 11th. Morgan Stanley lowered their price objective on shares of Dominion Energy from $81.00 to $79.00 and set an “equal weight” rating on the stock in a report on Monday, May 8th. Royal Bank Of Canada set a $77.00 price objective on shares of Dominion Energy and gave the stock a “hold” rating in a report on Saturday, June 3rd. BidaskClub downgraded shares of Dominion Energy from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Finally, Deutsche Bank AG upped their price objective on shares of Dominion Energy from $76.00 to $77.00 and gave the stock a “hold” rating in a report on Thursday, August 3rd. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $80.57.
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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