Good Life Advisors LLC boosted its stake in Dominion Energy Inc. (NYSE:D) by 5.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,956 shares of the utilities provider’s stock after buying an additional 266 shares during the period. Good Life Advisors LLC’s holdings in Dominion Energy were worth $386,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in D. Palisade Capital Management LLC NJ raised its stake in 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 period. City Holding Co. raised its stake 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 worth $1,764,000 after buying an additional 950 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Dominion Energy by 6.8% in the first quarter. Bank of Montreal Can now owns 432,917 shares of the utilities provider’s stock worth $33,581,000 after buying an additional 27,629 shares during the last quarter. Coastline Trust Co raised its stake 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 worth $956,000 after buying an additional 475 shares during the last quarter. Finally, BB&T Corp raised its stake 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 worth $9,516,000 after buying an additional 4,101 shares during the last quarter. Hedge funds and other institutional investors own 64.83% of the company’s stock.
Dominion Energy Inc. (NYSE:D) traded up 0.73% during mid-day trading on Friday, hitting $78.69. 2,303,023 shares of the stock traded hands. Dominion Energy Inc. has a 12-month low of $69.51 and a 12-month high of $81.65. The company has a 50 day moving average of $77.11 and a 200-day moving average of $77.32. The stock has a market cap of $50.57 billion, a PE ratio of 22.78 and a beta of 0.28.
Dominion Energy (NYSE:D) last announced its earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 EPS for the quarter, beating the 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 during the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the prior year, the business posted $0.71 earnings per share. Dominion Energy’s revenue was up 8.3% compared to the same quarter last year. Equities research analysts forecast that Dominion Energy Inc. will post $3.63 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.755 per share. This represents a $3.02 annualized dividend and a dividend yield of 3.84%. The ex-dividend date is Wednesday, August 30th. Dominion Energy’s dividend payout ratio is 87.28%.
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A number of equities research analysts recently weighed in on D shares. Zacks Investment Research upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a report on Tuesday, July 11th. Morgan Stanley reduced their price target on shares of Dominion Energy from $81.00 to $79.00 and set an “equal weight” rating for the company in a report on Monday, May 8th. Royal Bank Of Canada set a $77.00 price target on shares of Dominion Energy and gave the company a “hold” rating in a report on Saturday, June 3rd. BidaskClub lowered shares of Dominion Energy from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Finally, Deutsche Bank AG lifted their price objective on shares of Dominion Energy from $76.00 to $77.00 and gave the stock a “hold” rating in a research report on Thursday, August 3rd. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus 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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