Calamos Advisors LLC Lowers Holdings in Dominion Energy Inc. (D)
Calamos Advisors LLC decreased its position in Dominion Energy Inc. (NYSE:D) by 4.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,092 shares of the utilities provider’s stock after selling 1,550 shares during the quarter. Calamos Advisors LLC’s holdings in Dominion Energy were worth $2,689,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Candriam Luxembourg S.C.A. raised its holdings in shares of Dominion Energy by 3.8% in the second quarter. Candriam Luxembourg S.C.A. now owns 41,042 shares of the utilities provider’s stock valued at $3,145,000 after purchasing an additional 1,488 shares during the last quarter. Bessemer Group Inc. lifted its position in shares of Dominion Energy by 4.1% in the second quarter. Bessemer Group Inc. now owns 17,265 shares of the utilities provider’s stock worth $1,324,000 after purchasing an additional 674 shares in the last quarter. Aviva PLC boosted its holdings in Dominion Energy by 2.0% during the second quarter. Aviva PLC now owns 395,741 shares of the utilities provider’s stock worth $30,330,000 after purchasing an additional 7,620 shares during the last quarter. IBM Retirement Fund boosted its holdings in Dominion Energy by 123.8% during the second quarter. IBM Retirement Fund now owns 15,374 shares of the utilities provider’s stock worth $1,316,000 after purchasing an additional 8,506 shares during the last quarter. Finally, LMR Partners LLP acquired a new position in Dominion Energy during the second quarter worth $677,000. 64.44% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts recently weighed in on the stock. Deutsche Bank AG raised their target price on shares of Dominion Energy from $76.00 to $77.00 and gave the company a “hold” rating in a research report on Thursday, August 3rd. Royal Bank Of Canada reiterated a “hold” rating and issued a $77.00 price target on shares of Dominion Energy in a research note on Monday, August 21st. Zacks Investment Research raised shares of Dominion Energy from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $78.00 price target on shares of Dominion Energy in a research report on Thursday, September 14th. Finally, KeyCorp restated a “hold” rating on shares of Dominion Energy in a research note on Friday, September 1st. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Dominion Energy has an average rating of “Hold” and a consensus price target of $80.25.
Shares of Dominion Energy Inc. (D) opened at 76.93 on Monday. The firm has a 50-day moving average of $78.55 and a 200-day moving average of $78.07. The firm has a market cap of $49.43 billion, a PE ratio of 22.27 and a beta of 0.28. Dominion Energy Inc. has a 52 week low of $69.51 and a 52 week high of $81.65.
Dominion Energy (NYSE:D) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.01. The firm had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.94 billion. Dominion Energy had a net margin of 17.48% and a return on equity of 14.04%. The business’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.71 EPS. On average, analysts expect that Dominion Energy Inc. will post $3.63 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 20th. Investors of record on Friday, September 1st were given a dividend of $0.755 per share. This represents a $3.02 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date was Wednesday, August 30th. Dominion Energy’s payout ratio is currently 87.28%.
About Dominion Energy
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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