Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of Dominion Energy Inc. (NYSE:D) by 7.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,555 shares of the utilities provider’s stock after acquiring an additional 2,320 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Dominion Energy were worth $2,571,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of D. Tradewinds Capital Management LLC increased its holdings in Dominion Energy by 1.0% in the 1st quarter. Tradewinds Capital Management LLC now owns 1,306 shares of the utilities provider’s stock worth $101,000 after buying an additional 13 shares in the last quarter. Tortoise Capital Advisors L.L.C. increased its holdings in Dominion Energy by 336.3% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 1,396 shares of the utilities provider’s stock worth $107,000 after buying an additional 1,076 shares in the last quarter. Enterprise Financial Services Corp increased its holdings in Dominion Energy by 5.8% in the 2nd quarter. Enterprise Financial Services Corp now owns 1,456 shares of the utilities provider’s stock worth $112,000 after buying an additional 80 shares in the last quarter. Clean Yield Group bought a new stake in Dominion Energy in the 1st quarter worth about $117,000. Finally, Bollard Group LLC increased its holdings in Dominion Energy by 0.8% in the 2nd quarter. Bollard Group LLC now owns 1,528 shares of the utilities provider’s stock worth $117,000 after buying an additional 12 shares in the last quarter. Hedge funds and other institutional investors own 64.44% of the company’s stock.
Shares of Dominion Energy Inc. (NYSE D) opened at 77.62 on Thursday. The firm’s 50 day moving average price is $78.55 and its 200-day moving average price is $78.07. Dominion Energy Inc. has a 1-year low of $69.51 and a 1-year high of $81.65. The company has a market capitalization of $49.88 billion, a P/E ratio of 22.47 and a beta of 0.29.
Dominion Energy (NYSE:D) last released its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. Dominion Energy had a return on equity of 14.04% and a net margin of 17.48%. The company had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same period last year, the business posted $0.71 earnings per share. The firm’s revenue was up 8.3% compared to the same quarter last year. Analysts expect that Dominion Energy Inc. will post $3.64 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Friday, September 1st were issued a $0.755 dividend. This represents a $3.02 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date was Wednesday, August 30th. Dominion Energy’s dividend payout ratio is presently 87.28%.
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Several equities research analysts recently commented on the company. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $78.00 price objective on shares of Dominion Energy in a report on Thursday, September 14th. KeyCorp reiterated a “hold” rating on shares of Dominion Energy in a report on Friday, September 1st. Royal Bank Of Canada reiterated a “hold” rating and issued a $77.00 price objective on shares of Dominion Energy in a report on Monday, August 21st. Zacks Investment Research upgraded Dominion Energy from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Finally, Deutsche Bank AG lifted their price objective on Dominion Energy from $76.00 to $77.00 and gave the stock a “hold” rating in a report on Thursday, August 3rd. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $80.25.
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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