Dominion Energy Inc. (D) Position Raised by Forsta AP Fonden
Forsta AP Fonden increased its stake in shares of Dominion Energy Inc. (NYSE:D) by 7.2% during the second quarter, Holdings Channel reports. The firm owned 111,749 shares of the utilities provider’s stock after buying an additional 7,500 shares during the period. Forsta AP Fonden’s holdings in Dominion Energy were worth $8,563,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. First National Bank & Trust Co. of Newtown boosted its position in shares of Dominion Energy by 0.7% in the first quarter. First National Bank & Trust Co. of Newtown now owns 7,256 shares of the utilities provider’s stock valued at $563,000 after buying an additional 50 shares during the period. Integrated Wealth Management boosted its position in shares of Dominion Energy by 11.2% in the first quarter. Integrated Wealth Management now owns 6,311 shares of the utilities provider’s stock valued at $490,000 after buying an additional 637 shares during the period. Atria Investments LLC boosted its position in shares of Dominion Energy by 27.0% in the first quarter. Atria Investments LLC now owns 21,977 shares of the utilities provider’s stock valued at $1,705,000 after buying an additional 4,668 shares during the period. BKD Wealth Advisors LLC boosted its position in shares of Dominion Energy by 35.1% in the first quarter. BKD Wealth Advisors LLC now owns 3,581 shares of the utilities provider’s stock valued at $278,000 after buying an additional 931 shares during the period. Finally, Prospera Financial Services Inc boosted its position in shares of Dominion Energy by 10.5% in the first quarter. Prospera Financial Services Inc now owns 13,194 shares of the utilities provider’s stock valued at $1,026,000 after buying an additional 1,254 shares during the period. Institutional investors and hedge funds own 66.12% of the company’s stock.
Dominion Energy Inc. (NYSE:D) traded down 0.05% during midday trading on Thursday, hitting $77.80. The stock had a trading volume of 593,618 shares. The firm has a 50 day moving average of $77.15 and a 200 day moving average of $77.21. Dominion Energy Inc. has a 52 week low of $69.51 and a 52 week high of $81.65. The firm has a market cap of $49.99 billion, a price-to-earnings ratio of 22.52 and a beta of 0.28.
Dominion Energy (NYSE:D) last announced its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. The firm had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.94 billion. Dominion Energy had a return on equity of 14.04% and a net margin of 17.48%. The company’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.71 earnings per share. Equities research analysts predict that Dominion Energy Inc. will post $3.64 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.755 per share. This represents a $3.02 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date is Wednesday, August 30th. Dominion Energy’s payout ratio is currently 87.28%.
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Several equities analysts have weighed in on the company. Royal Bank Of Canada set a $77.00 price objective on Dominion Energy and gave the company a “hold” rating in a research note on Saturday, June 3rd. Zacks Investment Research cut Dominion Energy from a “hold” rating to a “sell” rating in a research note on Monday, June 12th. BidaskClub cut Dominion Energy from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Morgan Stanley dropped their price objective on Dominion Energy from $81.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Monday, May 8th. Finally, Deutsche Bank AG raised their price objective on Dominion Energy from $76.00 to $77.00 and gave the company a “hold” rating in a research note on Thursday, August 3rd. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price 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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