AMP Capital Investors Ltd lifted its holdings in Dominion Energy Inc (NYSE:D) by 36.9% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 343,012 shares of the utilities provider’s stock after purchasing an additional 92,394 shares during the period. AMP Capital Investors Ltd owned approximately 0.05% of Dominion Energy worth $23,388,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in D. Kaizen Advisory LLC grew its holdings in Dominion Energy by 136.6% during the 2nd quarter. Kaizen Advisory LLC now owns 1,474 shares of the utilities provider’s stock worth $100,000 after acquiring an additional 851 shares in the last quarter. Lee Financial Co grew its holdings 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 worth $109,000 after acquiring an additional 1,518 shares in the last quarter. Macroview Investment Management LLC acquired a new position in Dominion Energy during the 1st quarter worth approximately $144,000. Private Capital Group LLC grew its holdings 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 worth $146,000 after acquiring an additional 2,050 shares in the last quarter. Finally, Centaurus Financial Inc. acquired a new position in Dominion Energy during the 1st quarter worth approximately $147,000. Hedge funds and other institutional investors own 67.30% of the company’s stock.
In related news, Director John W. Harris bought 10,000 shares of the stock in a transaction dated Tuesday, August 28th. The stock was acquired at an average price of $71.15 per share, for a total transaction of $711,500.00. Following the acquisition, the director now owns 17,495 shares in the company, valued at approximately $1,244,769.25. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.37% of the company’s stock.
Shares of Dominion Energy stock opened at $71.46 on Friday. Dominion Energy Inc has a 12-month low of $61.53 and a 12-month high of $85.30. 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 firm has a market capitalization of $47.23 billion, a PE ratio of 18.29, a P/E/G ratio of 2.89 and a beta of 0.26.
Dominion Energy (NYSE:D) last issued its earnings results on Wednesday, August 1st. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.07. Dominion Energy had a net margin of 23.69% and a return on equity of 13.13%. The business had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.04 billion. During the same quarter in the prior year, the business posted $0.67 EPS. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. research analysts expect that Dominion Energy Inc will post 4.12 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 20th. Stockholders of record on Friday, September 7th will be issued a $0.835 dividend. This represents a $3.34 annualized dividend and a dividend yield of 4.67%. The ex-dividend date is Thursday, September 6th. Dominion Energy’s payout ratio is 92.78%.
Several research analysts have commented on D shares. Zacks Investment Research upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $81.00 price target for the company in a report on Tuesday, August 7th. Guggenheim reiterated a “buy” rating and set a $77.00 price target on shares of Dominion Energy in a report on Monday, July 23rd. Scotiabank started coverage on shares of Dominion Energy in a report on Tuesday, July 24th. They set a “hold” rating and a $167.00 price target for the company. JPMorgan Chase & Co. boosted their price target on shares of Dominion Energy from $67.00 to $70.00 and gave the stock a “hold” rating in a report on Monday, July 23rd. Finally, Bank of America lowered their price target on shares of Dominion Energy from $72.00 to $71.00 and set a “neutral” rating for the company in a report on Thursday, August 2nd. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $84.09.
Dominion Energy 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.
Further Reading: Fundamental Analysis and Individual Investors
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