Archford Capital Strategies LLC increased its stake in Dominion Energy Inc. (NYSE:D) by 4.5% during the first quarter, Holdings Channel reports. The fund owned 18,255 shares of the utilities provider’s stock after buying an additional 780 shares during the period. Archford Capital Strategies LLC’s holdings in Dominion Energy were worth $1,417,000 at the end of the most recent reporting period.
Several other institutional investors 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 in 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 in 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 in 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 in 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 in the last quarter. Institutional investors own 66.12% of the company’s stock.
Shares of Dominion Energy Inc. (NYSE D) traded down 0.35% during midday trading on Thursday, hitting $77.57. The stock had a trading volume of 416,548 shares. Dominion Energy Inc. has a 52 week low of $69.51 and a 52 week high of $81.65. The firm has a market cap of $49.85 billion, a P/E ratio of 22.45 and a beta of 0.28. The company’s 50 day moving average is $77.15 and its 200 day moving average is $77.21.
Dominion Energy (NYSE:D) last announced its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. The firm had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.94 billion. Dominion Energy had a net margin of 17.48% and a return on equity of 14.04%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.71 earnings per share. On average, equities analysts predict 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 will be paid on Wednesday, September 20th. Shareholders of record on Friday, September 1st will be issued a $0.755 dividend. This represents a $3.02 annualized dividend and a yield of 3.88%. The ex-dividend date of this dividend is Wednesday, August 30th. Dominion Energy’s payout ratio is 87.28%.
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D has been the subject of a number of recent research reports. Royal Bank Of Canada set a $77.00 price target on Dominion Energy and gave the stock a “hold” rating in a research report on Saturday, June 3rd. Deutsche Bank AG upped their price target on Dominion Energy from $76.00 to $77.00 and gave the stock a “hold” rating in a research report on Thursday, August 3rd. Zacks Investment Research raised Dominion Energy from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Citigroup Inc. reduced their price target on Dominion Energy from $78.00 to $76.00 and set a “neutral” rating for the company in a research report on Wednesday, July 26th. Finally, Morgan Stanley reduced their price target on Dominion Energy from $81.00 to $79.00 and set an “equal weight” rating for the company in a research report on Monday, May 8th. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Dominion Energy has a consensus rating of “Hold” and a consensus target price 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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