Investors Buy Dominion Energy Inc. (D) on Weakness
Investors purchased shares of Dominion Energy Inc. (NYSE:D) on weakness during trading hours on Tuesday. $53.86 million flowed into the stock on the tick-up and $17.34 million flowed out of the stock on the tick-down, for a money net flow of $36.52 million into the stock. Of all stocks tracked, Dominion Energy had the 15th highest net in-flow for the day. Dominion Energy traded down ($0.22) for the day and closed at $78.33
Several equities analysts have commented on the company. Royal Bank Of Canada set a $77.00 price target on Dominion Energy and gave the company a “hold” rating in a report on Saturday, June 3rd. Zacks Investment Research downgraded Dominion Energy from a “hold” rating to a “sell” rating in a report on Monday, June 12th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a $78.00 price target on shares of Dominion Energy in a report on Thursday, September 14th. KeyCorp reiterated a “hold” rating on shares of Dominion Energy in a report on Friday, September 1st. Finally, BidaskClub downgraded Dominion Energy from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $80.25.
The stock has a 50 day moving average of $78.55 and a 200 day moving average of $78.07. The company has a market cap of $49.88 billion, a price-to-earnings ratio of 22.47 and a beta of 0.29.
Dominion Energy (NYSE:D) last posted its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. Dominion Energy had a return on equity of 14.04% and a net margin of 17.48%. The business had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the prior year, the business earned $0.71 EPS. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. Analysts expect that Dominion Energy Inc. will post $3.64 EPS for the current year.
The firm 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. This represents a $3.02 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date was Wednesday, August 30th. Dominion Energy’s dividend payout ratio (DPR) is presently 87.28%.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in Dominion Energy by 3,615.9% in the 1st quarter. BlackRock Inc. now owns 45,518,516 shares of the utilities provider’s stock valued at $3,530,873,000 after acquiring an additional 44,293,566 shares during the period. Vanguard Group Inc. raised its stake in Dominion Energy by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 44,796,520 shares of the utilities provider’s stock valued at $3,432,756,000 after acquiring an additional 1,194,152 shares during the period. Wellington Management Group LLP raised 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 valued at $2,371,472,000 after acquiring an additional 790,484 shares during the period. Federated Investors Inc. PA raised its stake in Dominion Energy by 5.4% in the 2nd quarter. Federated Investors Inc. PA now owns 8,967,983 shares of the utilities provider’s stock valued at $687,216,000 after acquiring an additional 461,484 shares during the period. Finally, Wells Fargo & Company MN raised its stake in Dominion Energy by 24.7% in the 2nd quarter. Wells Fargo & Company MN now owns 6,110,200 shares of the utilities provider’s stock valued at $468,223,000 after acquiring an additional 1,209,768 shares during the period. Institutional investors and hedge funds own 64.44% of the company’s stock.
WARNING: This piece was first reported by Watch List News and is owned by of Watch List News. If you are reading this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark legislation. The correct version of this piece can be accessed at https://www.watchlistnews.com/investors-buy-dominion-energy-inc-d-on-weakness/1577231.html.
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.
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.