UMB Bank N A MO grew its stake in shares of Dominion Energy Inc (NYSE:D) by 2.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 118,686 shares of the utilities provider’s stock after buying an additional 2,737 shares during the period. UMB Bank N A MO’s holdings in Dominion Energy were worth $9,176,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of D. BlackRock Inc. boosted its holdings in Dominion Energy by 17.3% during the first quarter. BlackRock Inc. now owns 55,385,657 shares of the utilities provider’s stock worth $4,245,862,000 after buying an additional 8,176,020 shares during the last quarter. FMR LLC boosted its holdings in Dominion Energy by 77.6% during the first quarter. FMR LLC now owns 9,010,766 shares of the utilities provider’s stock worth $690,765,000 after buying an additional 3,935,958 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of 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 purchasing an additional 1,697,619 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of 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 purchasing an additional 1,260,549 shares in the last quarter. Finally, Jennison Associates LLC lifted its holdings in shares of Dominion Energy by 125.4% during the 1st quarter. Jennison Associates LLC now owns 1,857,965 shares of the utilities provider’s stock valued at $142,432,000 after purchasing an additional 1,033,748 shares in the last quarter. Hedge funds and other institutional investors own 63.93% of the company’s stock.
Several equities analysts have recently weighed in on D shares. 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 report on Thursday, July 4th. TheStreet cut Dominion Energy from a “b” rating to a “c+” rating in a report on Friday, May 3rd. Credit Suisse Group upgraded Dominion Energy from a “neutral” rating to an “outperform” rating in a report on Thursday, August 1st. ValuEngine cut Dominion Energy from a “buy” rating to a “hold” rating in a report on Wednesday, June 12th. Finally, Morgan Stanley started coverage on Dominion Energy in a report on Wednesday. They set an “equal weight” rating and a $81.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $79.08.
Dominion Energy (NYSE:D) last announced its earnings results on Wednesday, July 31st. The utilities provider reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.02. Dominion Energy had a return on equity of 11.74% and a net margin of 5.94%. The business had revenue of $3.97 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same quarter last year, the firm earned $0.86 EPS. Dominion Energy’s revenue for the quarter was up 28.6% compared to the same quarter last year. As a group, equities analysts anticipate that Dominion Energy Inc will post 4.14 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be given a $0.9175 dividend. This represents a $3.67 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date of this dividend is Thursday, September 5th. 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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