Raymond James & Associates decreased its stake in shares of Dominion Energy Inc (NYSE:D) by 3.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,961,961 shares of the utilities provider’s stock after selling 64,748 shares during the quarter. Raymond James & Associates owned about 0.30% of Dominion Energy worth $133,766,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in D. Kaizen Advisory LLC lifted its stake in Dominion Energy by 136.6% during the 2nd quarter. Kaizen Advisory LLC now owns 1,474 shares of the utilities provider’s stock valued at $100,000 after acquiring an additional 851 shares in the last quarter. Lee Financial Co lifted its stake in Dominion Energy by 1,549.0% during the 1st quarter. Lee Financial Co now owns 1,616 shares of the utilities provider’s stock valued at $109,000 after acquiring an additional 1,518 shares in the last quarter. KHP Capital LLC bought a new position in Dominion Energy during the 1st quarter valued at $137,000. Macroview Investment Management LLC bought a new position in Dominion Energy during the 1st quarter valued at $144,000. Finally, Private Capital Group LLC lifted its stake in Dominion Energy by 1,708.3% during the 1st quarter. Private Capital Group LLC now owns 2,170 shares of the utilities provider’s stock valued at $146,000 after acquiring an additional 2,050 shares in the last quarter. 67.30% of the stock is owned by institutional investors.
Several equities analysts have weighed in on the company. Zacks Investment Research cut Dominion Energy from a “buy” rating to a “hold” rating in a research note on Thursday, August 9th. JPMorgan Chase & Co. raised their price objective on Dominion Energy from $67.00 to $70.00 and gave the company a “hold” rating in a research note on Monday, July 23rd. Guggenheim restated a “buy” rating and set a $77.00 price objective on shares of Dominion Energy in a research note on Monday, July 23rd. Howard Weil assumed coverage on Dominion Energy in a research note on Tuesday, July 24th. They set a “sector perform” rating on the stock. Finally, ValuEngine upgraded Dominion Energy from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 26th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $84.09.
D stock opened at $72.45 on Thursday. The company has a quick ratio of 0.36, a current ratio of 0.52 and a debt-to-equity ratio of 1.60. The stock has a market cap of $46.27 billion, a price-to-earnings ratio of 20.13, a P/E/G ratio of 2.83 and a beta of 0.26. Dominion Energy Inc has a twelve month low of $61.53 and a twelve month high of $85.30.
Dominion Energy (NYSE:D) last posted its earnings results on Wednesday, August 1st. The utilities provider reported $0.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.07. The business had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.04 billion. Dominion Energy had a return on equity of 13.13% and a net margin of 23.69%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.67 EPS. sell-side analysts expect that Dominion Energy Inc will post 4.12 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 20th. Stockholders of record on Friday, September 7th will be issued a dividend of $0.835 per share. This represents a $3.34 annualized dividend and a dividend yield of 4.61%. The ex-dividend date is Thursday, September 6th. Dominion Energy’s payout ratio is 92.78%.
In other Dominion Energy news, Director John W. Harris acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, August 28th. The stock was bought at an average price of $71.15 per share, with a total value of $711,500.00. Following the completion of the acquisition, the director now owns 17,495 shares of the company’s stock, valued at $1,244,769.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.37% of the stock is currently owned by insiders.
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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