Oliver Luxxe Assets LLC boosted its position in Dominion Energy Inc. (NYSE:D) by 1.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,764 shares of the utilities provider’s stock after buying an additional 563 shares during the quarter. Dominion Energy makes up about 2.2% of Oliver Luxxe Assets LLC’s holdings, making the stock its 15th biggest position. Oliver Luxxe Assets LLC’s holdings in Dominion Energy were worth $3,354,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Tradewinds Capital Management LLC grew its stake in Dominion Energy by 1.0% in the 1st 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 during the last quarter. Tortoise Capital Advisors L.L.C. boosted its holdings in Dominion Energy by 336.3% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 1,396 shares of the utilities provider’s stock valued at $107,000 after purchasing an additional 1,076 shares during the period. Enterprise Financial Services Corp boosted its holdings in Dominion Energy by 5.8% in the 2nd quarter. Enterprise Financial Services Corp now owns 1,456 shares of the utilities provider’s stock valued at $112,000 after purchasing an additional 80 shares during the period. Clean Yield Group bought a new stake in Dominion Energy in the 1st quarter valued at $117,000. Finally, Bollard Group LLC boosted its holdings in Dominion Energy by 0.8% in the 2nd quarter. Bollard Group LLC now owns 1,528 shares of the utilities provider’s stock valued at $117,000 after purchasing an additional 12 shares during the period. Institutional investors and hedge funds own 64.44% of the company’s stock.
Dominion Energy Inc. (D) opened at 78.33 on Wednesday. The company has a market capitalization of $50.33 billion, a P/E ratio of 22.67 and a beta of 0.29. The stock’s 50 day moving average is $78.55 and its 200-day moving average is $78.07. Dominion Energy Inc. has a 12-month low of $69.51 and a 12-month high of $81.65.
Dominion Energy (NYSE:D) last released its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.01. Dominion Energy had a net margin of 17.48% and a return on equity of 14.04%. The firm had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the previous year, the company earned $0.71 earnings per share. The company’s quarterly revenue was up 8.3% on a year-over-year basis. On average, equities analysts predict that Dominion Energy Inc. will post $3.64 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Friday, September 1st will be issued a $0.755 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $3.02 annualized dividend and a dividend yield of 3.86%. Dominion Energy’s dividend payout ratio is currently 87.28%.
A number of brokerages have weighed in on D. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $78.00 price target on shares of Dominion Energy in a report on Thursday, September 14th. KeyCorp reissued a “hold” rating on shares of Dominion Energy in a report on Friday, September 1st. Royal Bank Of Canada reissued a “hold” rating and issued a $77.00 price target on shares of Dominion Energy in a report on Monday, August 21st. Zacks Investment Research raised shares of Dominion Energy from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Finally, Deutsche Bank AG increased their price target 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. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Dominion Energy currently has an average rating of “Hold” and a consensus target price of $80.25.
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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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