Comerica Bank lowered its position in shares of Dominion Energy Inc. (NYSE:D) by 1.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 217,646 shares of the utilities provider’s stock after selling 2,345 shares during the quarter. Comerica Bank’s holdings in Dominion Energy were worth $16,709,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tradewinds Capital Management LLC lifted its stake in Dominion Energy by 1.0% in the first quarter. Tradewinds Capital Management LLC now owns 1,306 shares of the utilities provider’s stock valued at $101,000 after buying an additional 13 shares in the last quarter. Enterprise Financial Services Corp lifted its stake in Dominion Energy by 62.6% in the first quarter. Enterprise Financial Services Corp now owns 1,376 shares of the utilities provider’s stock valued at $107,000 after buying an additional 530 shares in the last quarter. Tortoise Capital Advisors L.L.C. lifted its stake in Dominion Energy by 336.3% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 1,396 shares of the utilities provider’s stock valued at $107,000 after buying an additional 1,076 shares in the last quarter. Clean Yield Group bought a new position in Dominion Energy in the first quarter valued at approximately $117,000. Finally, Bollard Group LLC lifted its stake in Dominion Energy by 0.8% in the second quarter. Bollard Group LLC now owns 1,528 shares of the utilities provider’s stock valued at $117,000 after buying an additional 12 shares in the last quarter. Hedge funds and other institutional investors own 64.49% of the company’s stock.
A number of research analysts have weighed in on D shares. Zacks Investment Research raised shares of Dominion Energy from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Royal Bank Of Canada set a $77.00 price target on shares of Dominion Energy and gave the company a “hold” rating in a research note on Saturday, June 3rd. 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 research report on Thursday, August 3rd. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $78.00 price objective on shares of Dominion Energy in a research report on Thursday. Finally, Citigroup Inc. cut their price objective on shares of Dominion Energy from $78.00 to $76.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 26th. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Dominion Energy currently has an average rating of “Hold” and an average target price of $80.25.
Shares of Dominion Energy Inc. (NYSE:D) opened at 79.18 on Friday. The company has a market cap of $50.88 billion, a price-to-earnings ratio of 22.92 and a beta of 0.29. 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 $78.41 and a 200-day moving average of $78.01.
Dominion Energy (NYSE:D) last issued its earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $2.94 billion. During the same period last year, the business earned $0.71 EPS. Dominion Energy’s quarterly revenue was up 8.3% compared to the same quarter last year. On average, analysts forecast that Dominion Energy Inc. will post $3.64 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Friday, September 1st will be issued a $0.755 dividend. This represents a $3.02 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date is Wednesday, August 30th. Dominion Energy’s dividend payout ratio is currently 87.28%.
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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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