Franklin Resources Inc. Has $1.41 Billion Holdings in Dominion Energy Inc. (D)
Franklin Resources Inc. decreased its stake in Dominion Energy Inc. (NYSE:D) by 3.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,419,849 shares of the utilities provider’s stock after selling 562,923 shares during the quarter. Dominion Energy makes up 0.7% of Franklin Resources Inc.’s portfolio, making the stock its 23rd biggest holding. Franklin Resources Inc. owned 2.93% of Dominion Energy worth $1,411,513,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of D. BlackRock Inc. lifted its stake in shares of Dominion Energy by 3,615.9% during the 1st quarter. BlackRock Inc. now owns 45,518,516 shares of the utilities provider’s stock valued at $3,530,873,000 after buying an additional 44,293,566 shares in the last quarter. Vanguard Group Inc. increased its stake in Dominion Energy by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 43,602,368 shares of the utilities provider’s stock worth $3,382,237,000 after buying an additional 1,435,767 shares in the last quarter. Commonwealth Bank of Australia increased its stake in Dominion Energy by 31.7% in the 2nd quarter. Commonwealth Bank of Australia now owns 4,211,120 shares of the utilities provider’s stock worth $322,696,000 after buying an additional 1,014,670 shares in the last quarter. Epoch Investment Partners Inc. increased its stake in Dominion Energy by 44.1% in the 1st quarter. Epoch Investment Partners Inc. now owns 2,741,725 shares of the utilities provider’s stock worth $212,676,000 after buying an additional 838,574 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in Dominion Energy by 2.7% in the 1st quarter. Wellington Management Group LLP now owns 30,572,031 shares of the utilities provider’s stock worth $2,371,472,000 after buying an additional 790,484 shares in the last quarter. Institutional investors and hedge funds own 64.44% of the company’s stock.
A number of equities research analysts have commented on the company. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $78.00 price target on shares of Dominion Energy in a report on Thursday, September 14th. Zacks Investment Research upgraded Dominion Energy from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. KeyCorp reaffirmed a “hold” rating on shares of Dominion Energy in a research note on Friday, September 1st. BidaskClub lowered Dominion Energy from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Finally, Citigroup Inc. cut their target price on Dominion Energy from $78.00 to $76.00 and set a “neutral” rating for the company in a research report on Wednesday, July 26th. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $80.38.
Dominion Energy Inc. (D) opened at 75.95 on Wednesday. The stock’s 50 day moving average price is $78.36 and its 200-day moving average price is $78.14. The stock has a market cap of $48.80 billion, a price-to-earnings ratio of 21.98 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 announced its earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 return on equity of 14.04% and a net margin of 17.48%. The business’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 EPS. Equities analysts expect that Dominion Energy Inc. will post $3.63 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 20th. Investors of record on Friday, September 1st were paid a $0.755 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $3.02 dividend on an annualized basis and a yield of 3.98%. Dominion Energy’s dividend 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.
Want to see what other hedge funds are holding D? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dominion Energy Inc. (NYSE:D).
Receive News & Ratings for Dominion Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dominion Energy Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.