Resources Management Corp CT ADV bought a new position in shares of Dominion Energy Inc (NYSE:D) during the 3rd quarter, HoldingsChannel reports. The fund bought 22,978 shares of the utilities provider’s stock, valued at approximately $1,862,000.
Several other hedge funds and other institutional investors also recently modified their holdings of D. Zimmer Partners LP raised its position in Dominion Energy by 84.4% during the second quarter. Zimmer Partners LP now owns 3,364,742 shares of the utilities provider’s stock valued at $260,162,000 after purchasing an additional 1,539,742 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Dominion Energy by 12.4% in the 2nd quarter. Invesco Ltd. now owns 12,690,314 shares of the utilities provider’s stock valued at $981,214,000 after purchasing an additional 1,398,000 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Dominion Energy by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 65,524,369 shares of the utilities provider’s stock valued at $5,066,345,000 after purchasing an additional 1,241,779 shares in the last quarter. State Street Corp increased its stake in shares of Dominion Energy by 2.6% in the 3rd quarter. State Street Corp now owns 41,866,675 shares of the utilities provider’s stock valued at $3,392,875,000 after purchasing an additional 1,060,997 shares during the last quarter. Finally, Prudential Financial Inc. increased its stake in shares of Dominion Energy by 50.7% in the 2nd quarter. Prudential Financial Inc. now owns 2,846,170 shares of the utilities provider’s stock valued at $220,066,000 after purchasing an additional 957,712 shares during the last quarter. Institutional investors own 65.35% of the company’s stock.
A number of equities analysts have recently commented on D shares. Wells Fargo & Co restated a “hold” rating on shares of Dominion Energy in a research report on Friday, November 1st. Morgan Stanley raised their price objective on Dominion Energy from $86.00 to $87.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. lifted their target price on Dominion Energy from $78.00 to $86.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Finally, TheStreet upgraded Dominion Energy from a “c+” rating to a “b-” rating in a research report on Thursday, September 19th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $81.00.
Dominion Energy stock traded up $0.31 during mid-day trading on Wednesday, reaching $82.25. The company had a trading volume of 4,812,080 shares, compared to its average volume of 3,919,344. The business has a fifty day simple moving average of $82.15 and a 200 day simple moving average of $78.61. The company has a market cap of $68.41 billion, a P/E ratio of 20.31, a P/E/G ratio of 4.16 and a beta of 0.21. Dominion Energy Inc has a fifty-two week low of $67.41 and a fifty-two week high of $83.93. The company has a current ratio of 0.51, a quick ratio of 0.37 and a debt-to-equity ratio of 1.20.
Dominion Energy (NYSE:D) last announced its quarterly earnings results on Friday, November 1st. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.02. Dominion Energy had a net margin of 6.40% and a return on equity of 11.65%. The company had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $4.51 billion. During the same period in the prior year, the business earned $1.15 earnings per share. The company’s revenue for the quarter was up 23.7% compared to the same quarter last year. Research analysts forecast that Dominion Energy Inc will post 4.18 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a dividend of $0.9175 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $3.67 dividend on an annualized basis and a yield of 4.46%. Dominion Energy’s dividend payout ratio is currently 90.62%.
About Dominion Energy
Dominion Energy, Inc produces and transports energy. 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.
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