Neuberger Berman Group LLC Has $9.67 Million Position in Dominion Energy Inc. (D)
Neuberger Berman Group LLC boosted its position in Dominion Energy Inc. (NYSE:D) by 1.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 126,243 shares of the utilities provider’s stock after acquiring an additional 1,553 shares during the quarter. Neuberger Berman Group LLC’s holdings in Dominion Energy were worth $9,674,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the stock. BlackRock Inc. raised its holdings in Dominion Energy by 3,615.9% during the first quarter. BlackRock Inc. now owns 45,518,516 shares of the utilities provider’s stock worth $3,530,873,000 after purchasing an additional 44,293,566 shares in the last quarter. Vanguard Group Inc. raised its holdings in Dominion Energy by 3.4% during the first quarter. Vanguard Group Inc. now owns 43,602,368 shares of the utilities provider’s stock worth $3,382,237,000 after purchasing an additional 1,435,767 shares in the last quarter. Wellington Management Group LLP raised its holdings in Dominion Energy by 2.7% during the first quarter. Wellington Management Group LLP now owns 30,572,031 shares of the utilities provider’s stock worth $2,371,472,000 after purchasing an additional 790,484 shares in the last quarter. Federated Investors Inc. PA raised its holdings in Dominion Energy by 5.4% during the second quarter. Federated Investors Inc. PA now owns 8,967,983 shares of the utilities provider’s stock worth $687,216,000 after purchasing an additional 461,484 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Dominion Energy by 7.7% during the first quarter. Geode Capital Management LLC now owns 5,843,417 shares of the utilities provider’s stock worth $452,596,000 after purchasing an additional 420,250 shares in the last quarter. 64.44% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have weighed in on the stock. Royal Bank Of Canada set a $77.00 price objective on shares of Dominion Energy and gave the stock a “hold” rating in a report on Saturday, June 3rd. Zacks Investment Research cut shares of Dominion Energy from a “hold” rating to a “sell” rating in a report on Monday, June 12th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $78.00 price objective on shares of Dominion Energy in a report on Thursday, September 14th. KeyCorp reissued a “hold” rating on shares of Dominion Energy in a report on Friday, September 1st. Finally, BidaskClub cut shares of Dominion Energy from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $80.25.
Dominion Energy Inc. (NYSE D) opened at 77.04 on Monday. The stock has a market capitalization of $49.50 billion, a price-to-earnings ratio of 22.30 and a beta of 0.29. The stock’s 50 day moving average is $78.55 and its 200-day moving average is $78.07. Dominion Energy Inc. has a 12 month low of $69.51 and a 12 month high of $81.65.
Dominion Energy (NYSE:D) last posted its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.01. The business had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.94 billion. Dominion Energy had a return on equity of 14.04% and a net margin of 17.48%. The business’s revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.71 EPS. On average, equities research analysts expect that Dominion Energy Inc. will post $3.63 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 20th. Investors of record on Friday, September 1st were given a dividend of $0.755 per share. This represents a $3.02 annualized dividend and a dividend yield of 3.92%. The ex-dividend date of this dividend was Wednesday, August 30th. Dominion Energy’s dividend payout ratio is currently 87.28%.
Dominion Energy 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.
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