Carroll Financial Associates Inc. Has $501,000 Position in Dominion Energy Inc. (D)

Carroll Financial Associates Inc. increased its stake in shares of Dominion Energy Inc. (NYSE:D) by 5.9% during the second quarter, Holdings Channel reports. The institutional investor owned 6,540 shares of the utilities provider’s stock after buying an additional 362 shares during the period. Carroll Financial Associates Inc.’s holdings in Dominion Energy were worth $501,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Palisade Capital Management LLC NJ raised its position in shares of Dominion Energy by 1.9% in the first quarter. Palisade Capital Management LLC NJ now owns 6,805 shares of the utilities provider’s stock valued at $528,000 after buying an additional 130 shares during the last quarter. City Holding Co. raised its position in shares of Dominion Energy by 4.4% in the first quarter. City Holding Co. now owns 22,744 shares of the utilities provider’s stock valued at $1,764,000 after buying an additional 950 shares during the last quarter. Coastline Trust Co raised its position in shares of Dominion Energy by 4.0% in the first quarter. Coastline Trust Co now owns 12,319 shares of the utilities provider’s stock valued at $956,000 after buying an additional 475 shares during the last quarter. BB&T Corp raised its position in shares of Dominion Energy by 3.5% in the first quarter. BB&T Corp now owns 122,663 shares of the utilities provider’s stock valued at $9,516,000 after buying an additional 4,101 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its position in shares of Dominion Energy by 13.8% in the first quarter. Venturi Wealth Management LLC now owns 30,879 shares of the utilities provider’s stock valued at $2,408,000 after buying an additional 3,740 shares during the last quarter. 64.83% of the stock is owned by hedge funds and other institutional investors.

Shares of Dominion Energy Inc. (NYSE D) traded up 0.73% during midday trading on Friday, reaching $78.69. The company had a trading volume of 2,303,023 shares. The company has a market capitalization of $50.57 billion, a PE ratio of 22.78 and a beta of 0.28. The company has a 50 day moving average of $77.11 and a 200 day moving average of $77.32. Dominion Energy Inc. has a one year low of $69.51 and a one year high of $81.65.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.01. Dominion Energy had a return on equity of 14.04% and a net margin of 17.48%. The business had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter last year, the business posted $0.71 earnings per share. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. Analysts predict that Dominion Energy Inc. will post $3.63 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Friday, September 1st will be given a dividend of $0.755 per share. The ex-dividend date is Wednesday, August 30th. This represents a $3.02 dividend on an annualized basis and a yield of 3.84%. Dominion Energy’s payout ratio is 87.28%.

Several equities analysts have recently issued reports on the company. Royal Bank Of Canada set a $77.00 price target on Dominion Energy and gave the company a “hold” rating in a research note on Saturday, June 3rd. Zacks Investment Research lowered Dominion Energy from a “hold” rating to a “sell” rating in a research note on Monday, June 12th. BidaskClub lowered Dominion Energy from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Morgan Stanley decreased their price target on Dominion Energy from $81.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Monday, May 8th. Finally, Deutsche Bank AG lifted their price target on Dominion Energy from $76.00 to $77.00 and gave the company a “hold” rating in a research note on Thursday, August 3rd. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus 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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