Resource Management LLC lifted its stake in shares of Dominion Energy Inc (NYSE:D) by 110.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,881 shares of the utilities provider’s stock after buying an additional 3,082 shares during the quarter. Resource Management LLC’s holdings in Dominion Energy were worth $455,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Inc. grew its position in Dominion Energy by 17.3% in the 1st quarter. BlackRock Inc. now owns 55,385,657 shares of the utilities provider’s stock valued at $4,245,862,000 after purchasing an additional 8,176,020 shares during the period. Northern Trust Corp lifted its stake in Dominion Energy by 15.0% during the 1st quarter. Northern Trust Corp now owns 9,653,170 shares of the utilities provider’s stock valued at $740,011,000 after acquiring an additional 1,260,549 shares in the last quarter. Geode Capital Management LLC lifted its stake in Dominion Energy by 23.1% during the 4th quarter. Geode Capital Management LLC now owns 9,056,270 shares of the utilities provider’s stock valued at $646,097,000 after acquiring an additional 1,697,619 shares in the last quarter. FMR LLC lifted its stake in Dominion Energy by 77.6% during the 1st quarter. FMR LLC now owns 9,010,766 shares of the utilities provider’s stock valued at $690,765,000 after acquiring an additional 3,935,958 shares in the last quarter. Finally, Federated Investors Inc. PA lifted its stake in Dominion Energy by 3.8% during the 1st quarter. Federated Investors Inc. PA now owns 8,546,531 shares of the utilities provider’s stock valued at $655,177,000 after acquiring an additional 311,162 shares in the last quarter. 63.93% of the stock is owned by institutional investors and hedge funds.
Several brokerages have weighed in on D. Morgan Stanley began coverage on Dominion Energy in a research note on Wednesday. They set an “equal weight” rating and a $81.00 price objective on the stock. ValuEngine cut Dominion Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, June 12th. Zacks Investment Research cut Dominion Energy from a “hold” rating to a “sell” rating and set a $83.00 price objective on the stock. in a research note on Thursday, July 4th. KeyCorp began coverage on Dominion Energy in a research note on Tuesday, June 4th. They set a “sector weight” rating on the stock. Finally, TheStreet cut Dominion Energy from a “b” rating to a “c+” rating in a research note on Friday, May 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $79.08.
Dominion Energy (NYSE:D) last issued its earnings results on Wednesday, July 31st. The utilities provider reported $0.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.02. The business had revenue of $3.97 billion during the quarter, compared to analyst estimates of $4.21 billion. Dominion Energy had a return on equity of 11.74% and a net margin of 5.94%. Dominion Energy’s revenue for the quarter was up 28.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.86 earnings per share. Analysts expect that Dominion Energy Inc will post 4.14 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be issued a dividend of $0.9175 per share. The ex-dividend date is Thursday, September 5th. This represents a $3.67 dividend on an annualized basis and a dividend yield of 4.89%. Dominion Energy’s dividend payout ratio is presently 90.62%.
Dominion Energy Profile
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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