Axa increased its holdings in Dominion Energy Inc (NYSE:D) by 7.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 189,899 shares of the utilities provider’s stock after acquiring an additional 13,100 shares during the period. Axa’s holdings in Dominion Energy were worth $13,346,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of D. Cornerstone Wealth Management LLC acquired a new stake in Dominion Energy in the 2nd quarter worth about $2,821,000. Sheets Smith Wealth Management boosted its stake in Dominion Energy by 64.7% in the 2nd quarter. Sheets Smith Wealth Management now owns 9,625 shares of the utilities provider’s stock worth $656,000 after buying an additional 3,780 shares during the last quarter. Kaizen Advisory LLC boosted its stake in Dominion Energy by 136.6% in the 2nd quarter. Kaizen Advisory LLC now owns 1,474 shares of the utilities provider’s stock worth $100,000 after buying an additional 851 shares during the last quarter. Palisade Asset Management LLC boosted its stake in Dominion Energy by 14.8% in the 2nd quarter. Palisade Asset Management LLC now owns 51,200 shares of the utilities provider’s stock worth $3,491,000 after buying an additional 6,600 shares during the last quarter. Finally, Palladium Partners LLC boosted its stake in Dominion Energy by 2.9% in the 2nd quarter. Palladium Partners LLC now owns 83,635 shares of the utilities provider’s stock worth $5,703,000 after buying an additional 2,381 shares during the last quarter. Institutional investors own 67.43% of the company’s stock.
D has been the topic of a number of research analyst reports. Zacks Investment Research raised Dominion Energy from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a research note on Monday, October 22nd. Bank of America cut their price objective on Dominion Energy from $71.00 to $69.00 and set a “neutral” rating on the stock in a report on Friday, November 2nd. Barclays set a $79.00 price objective on Dominion Energy and gave the stock a “buy” rating in a report on Saturday, November 17th. Wells Fargo & Co restated a “hold” rating and issued a $76.00 price objective (up from $73.00) on shares of Dominion Energy in a report on Monday, September 17th. Finally, JPMorgan Chase & Co. cut their price objective on Dominion Energy from $78.00 to $77.00 and set a “buy” rating on the stock in a report on Friday, November 2nd. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $84.58.
Dominion Energy (NYSE:D) last announced its earnings results on Thursday, November 1st. The utilities provider reported $1.15 EPS for the quarter, beating the consensus estimate of $1.13 by $0.02. The business had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.41 billion. Dominion Energy had a return on equity of 13.24% and a net margin of 24.63%. The company’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the business posted $1.04 EPS. On average, equities analysts forecast that Dominion Energy Inc will post 4.08 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Friday, December 7th will be issued a dividend of $0.835 per share. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $3.34 annualized dividend and a dividend yield of 4.57%. Dominion Energy’s payout ratio is currently 92.78%.
In related news, Director John W. Harris bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 28th. The shares were acquired at an average cost 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 purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.37% of the company’s stock.
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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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