RFG Advisory Group LLC lifted its stake in Dominion Energy Inc. (NYSE:D) by 60.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,291 shares of the utilities provider’s stock after acquiring an additional 6,520 shares during the period. RFG Advisory Group LLC’s holdings in Dominion Energy were worth $1,317,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in D. Tradewinds Capital Management LLC raised its position in shares of Dominion Energy by 1.0% in the 1st quarter. Tradewinds Capital Management LLC now owns 1,306 shares of the utilities provider’s stock worth $101,000 after acquiring an additional 13 shares in the last quarter. Tortoise Capital Advisors L.L.C. raised its position in shares of 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 worth $107,000 after acquiring an additional 1,076 shares in the last quarter. Enterprise Financial Services Corp raised its position in shares of Dominion Energy by 5.8% in the 2nd quarter. Enterprise Financial Services Corp now owns 1,456 shares of the utilities provider’s stock worth $112,000 after acquiring an additional 80 shares in the last quarter. Clean Yield Group bought a new position in shares of Dominion Energy in the 1st quarter worth $117,000. Finally, Bollard Group LLC raised its position in shares of Dominion Energy by 0.8% in the 2nd quarter. Bollard Group LLC now owns 1,528 shares of the utilities provider’s stock worth $117,000 after acquiring an additional 12 shares in the last quarter. 64.44% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently weighed in on the company. Zacks Investment Research upgraded Dominion Energy from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research note on Tuesday, July 11th. BidaskClub downgraded Dominion Energy from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Citigroup Inc. dropped their target price on Dominion Energy from $78.00 to $76.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 26th. KeyCorp restated a “hold” rating on shares of Dominion Energy in a research note on Friday, September 1st. Finally, Royal Bank Of Canada restated a “hold” rating and set a $77.00 target price 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 assigned a buy rating to the company. Dominion Energy has an average rating of “Hold” and a consensus price target of $80.25.
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Shares of Dominion Energy Inc. (NYSE:D) opened at 77.62 on Thursday. The stock has a market cap of $49.88 billion, a P/E ratio of 22.47 and a beta of 0.29. The firm’s 50-day moving average price is $78.55 and its 200 day moving average price is $78.07. Dominion Energy Inc. has a 1-year low of $69.51 and a 1-year high of $81.65.
Dominion Energy (NYSE:D) last posted its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share for the quarter, beating the Zacks’ 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 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 firm earned $0.71 earnings per share. Dominion Energy’s quarterly revenue was up 8.3% on a year-over-year basis. On average, equities analysts expect that Dominion Energy Inc. will post $3.64 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 20th. Shareholders of record on Friday, September 1st were paid a $0.755 dividend. This represents a $3.02 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date of this dividend was Wednesday, August 30th. Dominion Energy’s dividend payout ratio is presently 87.28%.
Dominion Energy Company 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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