Mn Services Vermogensbeheer B.V. raised its position in shares of Dominion Energy Inc. (NYSE:D) by 515.8% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 102,937 shares of the utilities provider’s stock after buying an additional 86,222 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Dominion Energy were worth $7,888,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of the stock. State of Alaska Department of Revenue boosted its stake in Dominion Energy by 103.7% in the first quarter. State of Alaska Department of Revenue now owns 9,283 shares of the utilities provider’s stock worth $719,000 after buying an additional 4,726 shares during the period. Windward Capital Management Co. CA boosted its stake in Dominion Energy by 21.1% in the first quarter. Windward Capital Management Co. CA now owns 9,058 shares of the utilities provider’s stock worth $703,000 after buying an additional 1,580 shares during the period. Navellier & Associates Inc boosted its stake in Dominion Energy by 3.6% in the first quarter. Navellier & Associates Inc now owns 5,208 shares of the utilities provider’s stock worth $404,000 after buying an additional 181 shares during the period. OLD Point Trust & Financial Services N A boosted its stake in Dominion Energy by 0.3% in the first quarter. OLD Point Trust & Financial Services N A now owns 42,958 shares of the utilities provider’s stock worth $3,332,000 after buying an additional 116 shares during the period. Finally, Candriam Luxembourg S.C.A. boosted its stake in Dominion Energy by 25.6% in the first quarter. Candriam Luxembourg S.C.A. now owns 39,554 shares of the utilities provider’s stock worth $3,068,000 after buying an additional 8,053 shares during the period. Hedge funds and other institutional investors own 64.83% of the company’s stock.
Dominion Energy Inc. (NYSE D) traded up 0.79% during mid-day trading on Friday, hitting $80.08. 2,475,918 shares of the stock traded hands. The stock’s 50 day moving average is $77.53 and its 200-day moving average is $77.55. Dominion Energy Inc. has a 12 month low of $69.51 and a 12 month high of $81.65. The company has a market cap of $51.46 billion, a price-to-earnings ratio of 23.18 and a beta of 0.28.
Dominion Energy (NYSE:D) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.01. The firm had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Dominion Energy had a net margin of 17.48% and a return on equity of 14.04%. The company’s revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.71 earnings per share. On average, equities research analysts anticipate that Dominion Energy Inc. will post $3.64 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Friday, September 1st will be paid a $0.755 dividend. This represents a $3.02 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date is Wednesday, August 30th. Dominion Energy’s dividend payout ratio (DPR) is presently 87.28%.
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D has been the topic of a number of analyst reports. Morgan Stanley dropped 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. Royal Bank Of Canada set a $77.00 price objective on Dominion Energy and gave the stock a “hold” rating in a report on Saturday, June 3rd. Zacks Investment Research cut Dominion Energy from a “hold” rating to a “sell” rating in a report on Monday, June 12th. BidaskClub cut Dominion Energy from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Finally, Citigroup Inc. lowered their price objective on Dominion Energy from $78.00 to $76.00 and set a “neutral” rating on the stock in a report on Wednesday, July 26th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price 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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