American Century Companies Inc. raised its stake in shares of Dominion Energy Inc (NYSE:D) by 1.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 85,847 shares of the utilities provider’s stock after acquiring an additional 1,260 shares during the period. American Century Companies Inc.’s holdings in Dominion Energy were worth $5,853,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Victory Capital Management Inc. raised its stake in shares of Dominion Energy by 0.3% during the 2nd quarter. Victory Capital Management Inc. now owns 261,842 shares of the utilities provider’s stock worth $17,852,000 after buying an additional 726 shares in the last quarter. Gulf International Bank UK Ltd raised its stake in shares of Dominion Energy by 0.4% during the 2nd quarter. Gulf International Bank UK Ltd now owns 207,769 shares of the utilities provider’s stock worth $14,165,000 after buying an additional 737 shares in the last quarter. South State Corp raised its stake in shares of Dominion Energy by 2.0% during the 1st quarter. South State Corp now owns 40,654 shares of the utilities provider’s stock worth $2,741,000 after buying an additional 779 shares in the last quarter. CHICAGO TRUST Co NA raised its stake in shares of Dominion Energy by 2.5% during the 2nd quarter. CHICAGO TRUST Co NA now owns 32,779 shares of the utilities provider’s stock worth $2,234,000 after buying an additional 790 shares in the last quarter. Finally, Welch & Forbes LLC raised its stake in shares of Dominion Energy by 18.2% during the 2nd quarter. Welch & Forbes LLC now owns 5,181 shares of the utilities provider’s stock worth $353,000 after buying an additional 796 shares in the last quarter. 67.30% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have recently issued reports on D. Zacks Investment Research downgraded Dominion Energy from a “buy” rating to a “hold” rating in a research note on Thursday, August 9th. Bank of America cut their target price on Dominion Energy from $72.00 to $71.00 and set a “neutral” rating for the company in a research note on Thursday, August 2nd. Scotiabank began coverage on Dominion Energy in a report on Tuesday, July 24th. They issued a “hold” rating and a $167.00 price target on the stock. Howard Weil began coverage on Dominion Energy in a report on Tuesday, July 24th. They issued a “sector perform” rating on the stock. Finally, Guggenheim restated a “buy” rating and issued a $77.00 price target on shares of Dominion Energy in a report on Monday, July 23rd. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the stock. Dominion Energy currently has an average rating of “Hold” and an average price target of $84.09.
D opened at $72.45 on Thursday. The company has a market capitalization of $46.27 billion, a P/E ratio of 20.13, a PEG ratio of 2.83 and a beta of 0.26. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.36 and a current ratio of 0.52. Dominion Energy Inc has a 1-year low of $61.53 and a 1-year high of $85.30.
Dominion Energy (NYSE:D) last released its quarterly earnings results on Wednesday, August 1st. The utilities provider reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. The business had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.04 billion. Dominion Energy had a return on equity of 13.13% and a net margin of 23.69%. The company’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.67 EPS. equities research analysts forecast that Dominion Energy Inc will post 4.12 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 20th. Investors of record on Friday, September 7th will be issued a $0.835 dividend. This represents a $3.34 dividend on an annualized basis and a dividend yield of 4.61%. The ex-dividend date of this dividend is Thursday, September 6th. Dominion Energy’s dividend payout ratio is currently 92.78%.
In other news, Director John W. Harris purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, August 28th. The shares were acquired at an average price of $71.15 per share, for a total transaction of $711,500.00. Following the acquisition, the director now directly owns 17,495 shares in the company, valued at approximately $1,244,769.25. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.34% of the company’s stock.
Dominion Energy Company Profile
Dominion Energy, Inc produces and transports energy in the United States. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities through gas, coal, nuclear, oil, renewables, biomass, hydro, solar, and power purchase agreements; and related energy supply operations.
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