Teachers Insurance & Annuity Association of America grew its position in Dominion Energy Inc. (NYSE:D) by 22.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 168,600 shares of the utilities provider’s stock after acquiring an additional 30,400 shares during the period. Teachers Insurance & Annuity Association of America’s holdings in Dominion Energy were worth $12,920,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the company. Tradewinds Capital Management LLC boosted its holdings in Dominion Energy by 0.9% during the second quarter. Tradewinds Capital Management LLC now owns 1,318 shares of the utilities provider’s stock worth $101,000 after buying an additional 12 shares in the last quarter. Tortoise Capital Advisors L.L.C. boosted its holdings in Dominion Energy by 336.3% during the second 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. Pacad Investment Ltd. purchased a new stake in Dominion Energy during the second quarter worth about $107,000. Enterprise Financial Services Corp boosted its holdings in Dominion Energy by 5.8% during the second 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. Finally, Monroe Bank & Trust MI boosted its holdings in Dominion Energy by 36.1% during the second quarter. Monroe Bank & Trust MI now owns 1,507 shares of the utilities provider’s stock worth $116,000 after buying an additional 400 shares in the last quarter. 64.44% of the stock is currently owned by institutional investors and hedge funds.
D has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a report on Tuesday, October 3rd. KeyCorp reissued a “hold” rating on shares of Dominion Energy in a report on Friday, September 1st. Royal Bank Of Canada reissued a “hold” rating and set a $77.00 price objective on shares of Dominion Energy in a report on Monday, August 21st. Deutsche Bank AG boosted 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. Finally, BidaskClub downgraded shares of Dominion Energy from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $80.38.
Shares of Dominion Energy Inc. (NYSE:D) opened at 77.74 on Wednesday. The firm has a 50 day moving average of $78.17 and a 200 day moving average of $78.10. The stock has a market cap of $49.95 billion, a P/E ratio of 22.50 and a beta of 0.28. Dominion Energy Inc. has a one year low of $69.51 and a one year high of $81.65.
Dominion Energy (NYSE:D) last posted its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.01. Dominion Energy had a net margin of 17.48% and a return on equity of 14.04%. The company had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same quarter last year, the firm posted $0.71 EPS. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, equities research analysts predict that Dominion Energy Inc. will post $3.63 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Friday, September 1st were given a dividend of $0.755 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $3.02 annualized dividend and a dividend yield of 3.88%. Dominion Energy’s dividend payout ratio (DPR) is 87.28%.
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Dominion Energy 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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