LS Investment Advisors LLC cut its position in Dominion Energy Inc. (NYSE:D) by 2.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,675 shares of the utilities provider’s stock after selling 788 shares during the period. LS Investment Advisors LLC’s holdings in Dominion Energy were worth $2,427,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in D. Aldebaran Financial Inc. boosted its stake in Dominion Energy by 10.9% in the fourth quarter. Aldebaran Financial Inc. now owns 14,469 shares of the utilities provider’s stock worth $1,108,000 after buying an additional 1,420 shares during the last quarter. RMB Capital Management LLC purchased a new stake in Dominion Energy during the fourth quarter worth approximately $2,868,000. Jackson Grant Investment Advisers Inc. boosted its stake in Dominion Energy by 0.9% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 2,155 shares of the utilities provider’s stock worth $165,000 after buying an additional 20 shares during the last quarter. HighPoint Advisor Group LLC boosted its stake in Dominion Energy by 13.0% in the fourth quarter. HighPoint Advisor Group LLC now owns 7,013 shares of the utilities provider’s stock worth $535,000 after buying an additional 809 shares during the last quarter. Finally, Whalerock Point Partners LLC boosted its stake in Dominion Energy by 11.6% in the fourth quarter. Whalerock Point Partners LLC now owns 7,717 shares of the utilities provider’s stock worth $591,000 after buying an additional 800 shares during the last quarter. Institutional investors and hedge funds own 64.83% of the company’s stock.
Shares of Dominion Energy Inc. (D) traded up 0.73% during midday trading on Friday, reaching $78.69. 2,303,023 shares of the company were exchanged. Dominion Energy Inc. has a 52 week low of $69.51 and a 52 week high of $81.65. The firm has a 50-day moving average of $77.11 and a 200 day moving average of $77.32. The firm has a market capitalization of $50.57 billion, a P/E ratio of 22.78 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, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.01. The business had revenue of $2.81 billion for 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%. The business’s revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.71 EPS. On average, equities research analysts expect that Dominion Energy Inc. will post $3.63 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Friday, September 1st will be given a dividend of $0.755 per share. This represents a $3.02 annualized dividend and a dividend yield of 3.84%. The ex-dividend date of this dividend is Wednesday, August 30th. Dominion Energy’s dividend payout ratio is currently 87.28%.
Several brokerages recently issued reports on D. Royal Bank Of Canada set a $77.00 price target on shares of Dominion Energy and gave the stock a “hold” rating in a research report on Saturday, June 3rd. Morgan Stanley decreased 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 research report on Monday, May 8th. Deutsche Bank AG raised their price objective on shares of Dominion Energy from $76.00 to $77.00 and gave the company a “hold” rating in a research report on Thursday, August 3rd. Zacks Investment Research downgraded shares of Dominion Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Finally, BidaskClub downgraded shares of Dominion Energy from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the company. Dominion Energy currently has a consensus rating of “Hold” and an average price target of $80.57.
Dominion Energy Company Profile
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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