13,600 Shares in Dominion Energy Inc. (D) Acquired by Legg Mason Asset Management Japan Co. Ltd.
Legg Mason Asset Management Japan Co. Ltd. purchased a new stake in shares of Dominion Energy Inc. (NYSE:D) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 13,600 shares of the utilities provider’s stock, valued at approximately $1,042,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tradewinds Capital Management LLC raised its holdings in Dominion Energy by 0.9% in the 2nd quarter. Tradewinds Capital Management LLC now owns 1,318 shares of the utilities provider’s stock worth $101,000 after purchasing an additional 12 shares during the period. Tortoise Capital Advisors L.L.C. raised its holdings in Dominion Energy by 336.3% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 1,396 shares of the utilities provider’s stock worth $107,000 after purchasing an additional 1,076 shares during the period. Pacad Investment Ltd. bought a new position in Dominion Energy in the 2nd quarter worth $107,000. Enterprise Financial Services Corp raised its holdings in Dominion Energy by 5.8% in the 2nd quarter. Enterprise Financial Services Corp now owns 1,456 shares of the utilities provider’s stock worth $112,000 after purchasing an additional 80 shares during the period. Finally, Monroe Bank & Trust MI raised its holdings in Dominion Energy by 36.1% in the 2nd quarter. Monroe Bank & Trust MI now owns 1,507 shares of the utilities provider’s stock worth $116,000 after purchasing an additional 400 shares during the period. 64.43% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages recently commented on D. Citigroup Inc. raised their target price on Dominion Energy from $76.00 to $78.00 and gave the stock a “neutral” rating in a report on Tuesday. Zacks Investment Research cut Dominion Energy from a “buy” rating to a “hold” rating in a report on Friday, October 13th. J P Morgan Chase & Co raised their target price on Dominion Energy from $78.00 to $82.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $78.00 target price on shares of Dominion Energy in a report on Thursday, September 14th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Dominion Energy in a report on Friday, September 1st. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $80.78.
Shares of Dominion Energy Inc. (NYSE D) opened at 78.96 on Wednesday. The firm’s 50-day moving average price is $78.04 and its 200-day moving average price is $78.11. The company has a market capitalization of $50.74 billion, a PE ratio of 22.85 and a beta of 0.28. Dominion Energy Inc. has a 12-month low of $69.51 and a 12-month high of $81.65.
Dominion Energy (NYSE:D) last issued its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. The business had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.94 billion. Dominion Energy had a net margin of 17.48% and a return on equity of 14.04%. The company’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.71 earnings per share. On average, analysts expect that Dominion Energy Inc. will post $3.63 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Friday, December 1st will be given a $0.77 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.90%. This is an increase from Dominion Energy’s previous quarterly dividend of $0.76. Dominion Energy’s dividend payout ratio is 87.28%.
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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