IBM Retirement Fund boosted its position in Dominion Energy Inc. (NYSE:D) by 123.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,374 shares of the utilities provider’s stock after buying an additional 8,506 shares during the period. IBM Retirement Fund’s holdings in Dominion Energy were worth $1,316,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of D. BlackRock Inc. increased its position in Dominion Energy by 3,615.9% in the first quarter. BlackRock Inc. now owns 45,518,516 shares of the utilities provider’s stock worth $3,530,873,000 after buying an additional 44,293,566 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Dominion Energy by 3.4% in the first quarter. Vanguard Group Inc. now owns 43,602,368 shares of the utilities provider’s stock valued at $3,382,237,000 after buying an additional 1,435,767 shares during the period. Wellington Management Group LLP increased its position in shares of Dominion Energy by 2.7% in the first quarter. Wellington Management Group LLP now owns 30,572,031 shares of the utilities provider’s stock valued at $2,371,472,000 after buying an additional 790,484 shares during the period. Geode Capital Management LLC increased its position in shares of Dominion Energy by 7.7% in the first quarter. Geode Capital Management LLC now owns 5,843,417 shares of the utilities provider’s stock valued at $452,596,000 after buying an additional 420,250 shares during the period. Finally, Wells Fargo & Company MN increased its position in shares of Dominion Energy by 24.0% in the first quarter. Wells Fargo & Company MN now owns 4,900,432 shares of the utilities provider’s stock valued at $380,127,000 after buying an additional 949,647 shares during the period. 64.48% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Inc. (D) opened at 80.14 on Tuesday. Dominion Energy Inc. has a one year low of $69.51 and a one year high of $81.65. The company’s 50-day moving average is $77.53 and its 200 day moving average is $77.55. The firm has a market cap of $51.50 billion, a PE ratio of 23.20 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, topping the consensus estimate of $0.66 by $0.01. The company had revenue of $2.81 billion during 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%. Dominion Energy’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period last year, the company earned $0.71 EPS. Equities analysts anticipate that Dominion Energy Inc. will post $3.64 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Friday, September 1st will be given a $0.755 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $3.02 annualized dividend and a yield of 3.77%. Dominion Energy’s payout ratio is 87.28%.

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D has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Tuesday, July 11th. BidaskClub lowered shares of Dominion Energy from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Citigroup Inc. decreased their target price on shares of Dominion Energy from $78.00 to $76.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 26th. Morgan Stanley decreased their target price on shares of Dominion Energy from $81.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Monday, May 8th. Finally, Deutsche Bank AG lifted 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. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $80.57.

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.

Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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