Wealthfront Inc. Takes Position in Dominion Energy Inc. (D)
Wealthfront Inc. purchased a new stake in Dominion Energy Inc. (NYSE:D) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,960 shares of the utilities provider’s stock, valued at approximately $840,000.
A number of other institutional investors and hedge funds have also modified their holdings of D. BlackRock Inc. lifted its holdings in Dominion Energy by 3,615.9% during 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. lifted its holdings in Dominion Energy by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 44,796,520 shares of the utilities provider’s stock worth $3,432,756,000 after buying an additional 1,194,152 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Dominion Energy by 2.7% during 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 lifted its holdings in Dominion Energy by 5.4% during 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, Wells Fargo & Company MN lifted its holdings in Dominion Energy by 24.7% during the 2nd quarter. Wells Fargo & Company MN now owns 6,110,200 shares of the utilities provider’s stock worth $468,223,000 after buying an additional 1,209,768 shares during the last quarter. 64.44% of the stock is owned by hedge funds and other institutional investors.
Shares of Dominion Energy Inc. (NYSE D) opened at 78.62 on Friday. The stock’s 50 day moving average price is $78.10 and its 200-day moving average price is $78.11. Dominion Energy Inc. has a 12 month low of $69.51 and a 12 month high of $81.65. The firm has a market capitalization of $50.52 billion, a PE ratio of 22.76 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 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. The company had revenue of $2.81 billion for 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 company’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.71 earnings per share. On average, equities analysts anticipate that Dominion Energy Inc. will post $3.63 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 3.92%. This is an increase from Dominion Energy’s previous quarterly dividend of $0.76. The ex-dividend date is Thursday, November 30th. Dominion Energy’s payout ratio is presently 87.28%.
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A number of research analysts have commented on D shares. Zacks Investment Research raised Dominion Energy from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a report on Tuesday, October 3rd. KeyCorp reaffirmed a “hold” rating on shares of Dominion Energy in a report on Friday, September 1st. Royal Bank Of Canada reaffirmed a “hold” rating and set a $77.00 target price on shares of Dominion Energy in a report on Monday, August 21st. Deutsche Bank AG increased their target price on Dominion Energy from $76.00 to $77.00 and gave the stock a “hold” rating in a report on Thursday, August 3rd. Finally, BidaskClub downgraded Dominion Energy from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Eleven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $80.56.
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.
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