Traders sold shares of Dominion Energy Inc. (NYSE:D) on strength during trading hours on Friday. $99.56 million flowed into the stock on the tick-up and $245.30 million flowed out of the stock on the tick-down, for a money net flow of $145.74 million out of the stock. Of all companies tracked, Dominion Energy had the 19th highest net out-flow for the day. Dominion Energy traded up $0.33 for the day and closed at $79.50
Several equities analysts have recently weighed in on the company. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $78.00 target price on shares of Dominion Energy in a research report on Thursday. Royal Bank Of Canada set a $77.00 target price on Dominion Energy and gave the company a “hold” rating in a research report on Saturday, June 3rd. Deutsche Bank AG boosted their target price on Dominion Energy from $76.00 to $77.00 and gave the company a “hold” rating in a research report on Thursday, August 3rd. KeyCorp reissued a “hold” rating on shares of Dominion Energy in a research report on Friday, September 1st. Finally, Zacks Investment Research raised Dominion Energy from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $80.25.
The stock’s 50-day moving average price is $78.41 and its 200-day moving average price is $78.01. The firm has a market capitalization of $51.09 billion, a P/E ratio of 23.01 and a beta of 0.29.
Dominion Energy (NYSE:D) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping the 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 firm’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.71 earnings per share. On average, equities analysts expect that Dominion Energy Inc. will post $3.64 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders 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 annualized dividend and a yield of 3.80%. Dominion Energy’s dividend payout ratio (DPR) is 87.28%.
A number of hedge funds have recently bought and sold shares of D. BlackRock Inc. grew its stake in shares of Dominion Energy by 3,615.9% in the first quarter. BlackRock Inc. now owns 45,518,516 shares of the utilities provider’s stock valued at $3,530,873,000 after buying an additional 44,293,566 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Dominion Energy by 2.7% in the second quarter. Vanguard Group Inc. now owns 44,796,520 shares of the utilities provider’s stock valued at $3,432,756,000 after buying an additional 1,194,152 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Dominion Energy by 2.7% in the first quarter. Wellington Management Group LLP now owns 30,572,031 shares of the utilities provider’s stock valued at $2,371,472,000 after buying an additional 790,484 shares in the last quarter. Federated Investors Inc. PA grew its stake in shares of Dominion Energy by 5.4% in the second quarter. Federated Investors Inc. PA now owns 8,967,983 shares of the utilities provider’s stock valued at $687,216,000 after buying an additional 461,484 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of Dominion Energy by 24.7% in the second quarter. Wells Fargo & Company MN now owns 6,110,200 shares of the utilities provider’s stock valued at $468,223,000 after buying an additional 1,209,768 shares in the last quarter. 64.49% of the stock is owned by institutional investors.
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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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