Reaves W H & Co. Inc. Has $42.32 Million Position in Dominion Energy Inc. (D)
Reaves W H & Co. Inc. decreased its position in shares of Dominion Energy Inc. (NYSE:D) by 8.3% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 552,260 shares of the utilities provider’s stock after selling 50,000 shares during the quarter. Dominion Energy makes up 1.6% of Reaves W H & Co. Inc.’s holdings, making the stock its 25th largest holding. Reaves W H & Co. Inc. owned 0.09% of Dominion Energy worth $42,320,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in shares of Dominion Energy by 3,615.9% in the 1st 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 during the last quarter. Vanguard Group Inc. increased its holdings in shares of 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 during the last quarter. Wellington Management Group LLP increased its holdings in shares of 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 during the last quarter. Federated Investors Inc. PA increased its holdings in shares of 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 worth $687,216,000 after buying an additional 461,484 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Dominion Energy by 7.7% in the 1st quarter. Geode Capital Management LLC now owns 5,843,417 shares of the utilities provider’s stock worth $452,596,000 after buying an additional 420,250 shares during the last quarter. Institutional investors own 64.44% of the company’s stock.
A number of analysts have recently weighed in on D shares. Royal Bank Of Canada set a $77.00 target price on shares of Dominion Energy and gave the stock a “hold” rating in a report on Saturday, June 3rd. Zacks Investment Research downgraded shares of Dominion Energy from a “hold” rating to a “sell” rating in a report on Monday, June 12th. BidaskClub downgraded shares of Dominion Energy from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Citigroup Inc. reduced their target price on shares of Dominion Energy from $78.00 to $76.00 and set a “neutral” rating on the stock in a report on Wednesday, July 26th. Finally, Deutsche Bank AG boosted their target price on shares of Dominion Energy from $76.00 to $77.00 and gave the stock a “hold” rating in a report on Thursday, August 3rd. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $80.25.
Shares of Dominion Energy Inc. (NYSE:D) opened at 77.04 on Friday. The stock has a 50 day moving average of $78.55 and a 200 day moving average of $78.07. The stock has a market cap of $49.50 billion, a PE ratio of 22.30 and a beta of 0.29. 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 quarterly earnings data 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 net margin of 17.48% and a return on equity of 14.04%. The firm had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the previous year, the business posted $0.71 earnings per share. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. On average, equities analysts anticipate that Dominion Energy Inc. will post $3.63 earnings per share for the current fiscal year.
The company 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 was Wednesday, August 30th. This represents a $3.02 dividend on an annualized basis and a yield of 3.92%. Dominion Energy’s dividend payout ratio is currently 87.28%.
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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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