Murphy Capital Management Inc. lowered its stake in Dominion Energy Inc. (NYSE:D) by 0.2% during the second quarter, Holdings Channel reports. The firm owned 37,649 shares of the utilities provider’s stock after selling 86 shares during the period. Murphy Capital Management Inc.’s holdings in Dominion Energy were worth $2,885,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of D. BlackRock Inc. raised its position in shares of Dominion Energy by 3,615.9% in the first quarter. BlackRock Inc. now owns 45,518,516 shares of the utilities provider’s stock valued at $3,530,873,000 after buying an additional 44,293,566 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Dominion Energy by 3.4% in the first quarter. Vanguard Group Inc. now owns 43,602,368 shares of the utilities provider’s stock valued at $3,382,237,000 after buying an additional 1,435,767 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Dominion Energy by 24.0% in the first quarter. Wells Fargo & Company MN now owns 4,900,432 shares of the utilities provider’s stock valued at $380,127,000 after buying an additional 949,647 shares during the last quarter. Epoch Investment Partners Inc. raised its position in shares of Dominion Energy by 44.1% in the first quarter. Epoch Investment Partners Inc. now owns 2,741,725 shares of the utilities provider’s stock valued at $212,676,000 after buying an additional 838,574 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Dominion Energy by 2.7% in the first quarter. Wellington Management Group LLP now owns 30,572,031 shares of the utilities provider’s stock valued at $2,371,472,000 after buying an additional 790,484 shares during the last quarter. 66.12% of the stock is currently owned by hedge funds and other institutional investors.
Dominion Energy Inc. (D) traded down 0.05% during trading on Thursday, reaching $77.80. 593,618 shares of the company were exchanged. The firm’s 50 day moving average price is $77.15 and its 200-day moving average price is $77.21. The stock has a market capitalization of $49.99 billion, a price-to-earnings ratio of 22.52 and a beta of 0.28. Dominion Energy Inc. has a one year low of $69.51 and a one year high of $81.65.
Dominion Energy (NYSE:D) last announced its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) 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 business had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the previous year, the business posted $0.71 EPS. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. On average, equities research analysts predict that Dominion Energy Inc. will post $3.64 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Friday, September 1st will be paid a $0.755 dividend. This represents a $3.02 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date of this dividend is Wednesday, August 30th. Dominion Energy’s dividend payout ratio is currently 87.28%.
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Several brokerages have recently weighed in on D. Zacks Investment Research lowered shares of Dominion Energy from a “hold” rating to a “sell” rating in a research report on Monday, June 12th. BidaskClub lowered shares of Dominion Energy from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Barclays PLC reissued an “overweight” rating and issued a $89.00 price objective (up from $80.00) on shares of Dominion Energy in a research report on Sunday, April 23rd. Citigroup Inc. dropped their price objective on shares of Dominion Energy from $78.00 to $76.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 26th. Finally, Deutsche Bank AG increased their price objective on shares of Dominion Energy from $76.00 to $77.00 and gave the company a “hold” rating in a research report on Thursday, August 3rd. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $80.57.
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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