Clearbridge Investments LLC Has $1,606,000 Position in Dominion Energy Inc. (D)
Clearbridge Investments LLC continued to hold its stake in Dominion Energy Inc. (NYSE:D) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,700 shares of the utilities provider’s stock at the end of the first quarter. Clearbridge Investments LLC’s holdings in Dominion Energy were worth $1,606,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Columbia Partners L L C Investment Management purchased a new stake in Dominion Energy during the first quarter valued at about $379,000. Piedmont Investment Advisors LLC increased its stake in Dominion Energy by 0.9% in the first quarter. Piedmont Investment Advisors LLC now owns 130,636 shares of the utilities provider’s stock valued at $10,133,000 after buying an additional 1,131 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its stake in Dominion Energy by 2.0% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 93,092 shares of the utilities provider’s stock valued at $7,221,000 after buying an additional 1,841 shares in the last quarter. Cambridge Trust Co. increased its stake in Dominion Energy by 11.5% in the first quarter. Cambridge Trust Co. now owns 17,625 shares of the utilities provider’s stock valued at $1,368,000 after buying an additional 1,820 shares in the last quarter. Finally, Bank of Nova Scotia increased its stake in Dominion Energy by 1,037.8% in the first quarter. Bank of Nova Scotia now owns 159,674 shares of the utilities provider’s stock valued at $12,387,000 after buying an additional 145,641 shares in the last quarter. 64.83% of the stock is owned by institutional investors and hedge funds.
Shares of Dominion Energy Inc. (D) traded up 0.3861% during mid-day trading on Tuesday, reaching $77.9799. 401,726 shares of the company’s stock were exchanged. Dominion Energy Inc. has a 52-week low of $69.51 and a 52-week high of $81.65. The stock’s 50-day moving average is $77.05 and its 200-day moving average is $77.26. The stock has a market cap of $50.11 billion, a price-to-earnings ratio of 22.5702 and a beta of 0.28.
Dominion Energy (NYSE:D) last released its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.01. Dominion Energy had a net margin of 17.48% and a return on equity of 14.04%. The firm had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the previous year, the company earned $0.71 earnings per share. The company’s quarterly revenue was up 8.3% on a year-over-year basis. On average, equities analysts expect that Dominion Energy Inc. will post $3.64 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Friday, September 1st will be issued a $0.755 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $3.02 annualized dividend and a dividend yield of 3.89%. Dominion Energy’s dividend payout ratio is currently 87.28%.
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Several analysts recently issued reports on the stock. Zacks Investment Research raised shares of Dominion Energy from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Deutsche Bank AG increased their price target on shares of Dominion Energy from $76.00 to $77.00 and gave the company a “hold” rating in a report on Thursday, August 3rd. Citigroup Inc. reduced their price target on shares of Dominion Energy from $78.00 to $76.00 and set a “neutral” rating for the company in a report on Wednesday, July 26th. BidaskClub downgraded shares of Dominion Energy from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Finally, Royal Bank Of Canada set a $77.00 price target on shares of Dominion Energy and gave the company a “hold” rating in a report on Saturday, June 3rd. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $80.57.
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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