Federated Investors Inc. PA raised its position in Dominion Energy Inc. (NYSE:D) by 5.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,967,983 shares of the utilities provider’s stock after purchasing an additional 461,484 shares during the quarter. Dominion Energy comprises approximately 2.0% of Federated Investors Inc. PA’s investment portfolio, making the stock its 10th biggest holding. Federated Investors Inc. PA owned 1.43% of Dominion Energy worth $687,216,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the business. Bollard Group LLC increased its stake in shares of Dominion Energy by 0.8% during the second quarter. Bollard Group LLC now owns 1,528 shares of the utilities provider’s stock valued at $117,000 after acquiring an additional 12 shares during the period. Tradewinds Capital Management LLC increased its stake in shares of Dominion Energy by 0.9% during the second quarter. Tradewinds Capital Management LLC now owns 1,318 shares of the utilities provider’s stock valued at $101,000 after acquiring an additional 12 shares during the period. Farmers National Bank increased its stake in shares of Dominion Energy by 0.3% during the first quarter. Farmers National Bank now owns 4,673 shares of the utilities provider’s stock valued at $347,000 after acquiring an additional 16 shares during the period. Pathstone Family Office LLC increased its stake in shares of Dominion Energy by 0.6% during the first quarter. Pathstone Family Office LLC now owns 3,199 shares of the utilities provider’s stock valued at $249,000 after acquiring an additional 20 shares during the period. Finally, Jackson Grant Investment Advisers Inc. increased its stake in shares of Dominion Energy by 1.0% during the first quarter. Jackson Grant Investment Advisers Inc. now owns 2,176 shares of the utilities provider’s stock valued at $169,000 after acquiring an additional 21 shares during the period. Institutional investors own 64.44% of the company’s stock.
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Dominion Energy Inc. (NYSE D) opened at 78.55 on Tuesday. Dominion Energy Inc. has a 1-year low of $69.51 and a 1-year high of $81.65. The company has a 50-day moving average of $78.52 and a 200-day moving average of $78.06. The firm has a market cap of $50.48 billion, a price-to-earnings ratio of 22.74 and a beta of 0.29.
Dominion Energy (NYSE:D) last issued 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 firm had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Dominion Energy had a net margin of 17.48% and a return on equity of 14.04%. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.71 earnings per share. Analysts predict that Dominion Energy Inc. will post $3.64 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Friday, September 1st will be issued a dividend of $0.755 per share. This represents a $3.02 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date is Wednesday, August 30th. Dominion Energy’s dividend payout ratio is currently 87.28%.
A number of research analysts recently commented on the stock. Zacks Investment Research lowered shares of Dominion Energy from a “hold” rating to a “sell” rating in a research note on Monday, June 12th. BidaskClub lowered shares of Dominion Energy from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. KeyCorp reiterated a “hold” rating on shares of Dominion Energy in a research note on Friday, September 1st. Citigroup Inc. lowered 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 note on Wednesday, July 26th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $77.00 price objective on shares of Dominion Energy in a research note on Monday, August 21st. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $80.25.
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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