Caisse DE Depot ET Placement DU Quebec decreased its position in shares of Dominion Energy Inc. (NYSE:D) by 6.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 616,100 shares of the utilities provider’s stock after selling 39,780 shares during the period. Caisse DE Depot ET Placement DU Quebec owned approximately 0.10% of Dominion Energy worth $47,843,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Palisade Capital Management LLC NJ increased its stake 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 worth $528,000 after buying an additional 130 shares during the period. City Holding Co. increased its position in 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 in the last quarter. Bank of Montreal Can boosted its stake in Dominion Energy by 6.8% in the first quarter. Bank of Montreal Can now owns 432,917 shares of the utilities provider’s stock valued at $33,581,000 after buying an additional 27,629 shares during the last quarter. Coastline Trust Co boosted its stake in 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. Finally, BB&T Corp boosted its stake in 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. Institutional investors and hedge funds own 66.12% of the company’s stock.
Dominion Energy Inc. (NYSE:D) traded down 0.55% during midday trading on Friday, hitting $77.39. 1,462,487 shares of the company traded hands. Dominion Energy Inc. has a 12-month low of $69.51 and a 12-month high of $81.65. The stock has a 50 day moving average of $77.07 and a 200 day moving average of $77.23. The stock has a market cap of $49.73 billion, a P/E ratio of 22.40 and a beta of 0.28.
Dominion Energy (NYSE:D) last released its quarterly earnings data 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 company had revenue of $2.81 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the firm posted $0.71 earnings per share. Equities research analysts predict that Dominion Energy Inc. will post $3.64 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Friday, September 1st will be paid 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 dividend yield of 3.90%. Dominion Energy’s dividend payout ratio (DPR) is currently 87.28%.
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A number of research analysts recently weighed in on D shares. Zacks Investment Research cut shares of Dominion Energy from a “hold” rating to a “sell” rating in a report on Monday, June 12th. BidaskClub downgraded shares of Dominion Energy from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Barclays PLC restated an “overweight” rating and set a $89.00 price objective (up previously from $80.00) on shares of Dominion Energy in a research report on Sunday, April 23rd. Citigroup Inc. cut their target price on shares of Dominion Energy from $78.00 to $76.00 and set a “neutral” rating on the stock in a report on Wednesday, July 26th. Finally, Deutsche Bank AG lifted their target price on shares of Dominion Energy from $76.00 to $77.00 and gave the company a “hold” rating in a report on Thursday, August 3rd. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus 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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