M&T Bank Corp increased its position in shares of Dominion Energy Inc. (NYSE:D) by 1.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 428,552 shares of the utilities provider’s stock after buying an additional 4,584 shares during the period. M&T Bank Corp owned 0.07% of Dominion Energy worth $33,242,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. St. James Investment Company LLC increased its stake in Dominion Energy by 41.4% in the first quarter. St. James Investment Company LLC now owns 88,293 shares of the utilities provider’s stock worth $6,849,000 after buying an additional 25,847 shares in the last quarter. Evermay Wealth Management LLC purchased a new stake in Dominion Energy during the first quarter worth about $206,000. Pinnacle Associates Ltd. increased its stake in Dominion Energy by 0.8% in the first quarter. Pinnacle Associates Ltd. now owns 5,807 shares of the utilities provider’s stock worth $450,000 after buying an additional 48 shares in the last quarter. GWM Advisors LLC increased its stake in Dominion Energy by 83.4% in the first quarter. GWM Advisors LLC now owns 9,228 shares of the utilities provider’s stock worth $719,000 after buying an additional 4,197 shares in the last quarter. Finally, Aberdeen Asset Management PLC UK increased its stake in Dominion Energy by 10.5% in the first quarter. Aberdeen Asset Management PLC UK now owns 164,806 shares of the utilities provider’s stock worth $12,784,000 after buying an additional 15,679 shares in the last quarter. Institutional investors own 66.18% of the company’s stock.

Shares of Dominion Energy Inc. (NYSE:D) traded down 0.41% during trading on Friday, hitting $78.08. The stock had a trading volume of 2,025,932 shares. Dominion Energy Inc. has a 1-year low of $69.51 and a 1-year high of $81.65. The firm has a market capitalization of $49.04 billion, a P/E ratio of 22.59 and a beta of 0.28. The stock’s 50-day moving average price is $77.52 and its 200 day moving average price is $77.14.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.01. Dominion Energy had a return on equity of 14.14% and a net margin of 17.48%. The business had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the prior year, the business posted $0.71 EPS. Dominion Energy’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, analysts anticipate that Dominion Energy Inc. will post $3.65 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Friday, September 1st will be paid a $0.755 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $3.02 dividend on an annualized basis and a yield of 3.87%. Dominion Energy’s payout ratio is presently 87.28%.

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A number of analysts have issued reports on the company. Royal Bank Of Canada set a $77.00 target price on Dominion Energy and gave the stock a “hold” rating in a research report on Saturday, June 3rd. Zacks Investment Research downgraded Dominion Energy from a “hold” rating to a “sell” rating in a research report on Monday, June 12th. BidaskClub downgraded Dominion Energy from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Morgan Stanley decreased their target price on Dominion Energy from $81.00 to $79.00 and set an “equal weight” rating for the company in a research report on Monday, May 8th. Finally, Deutsche Bank AG raised their target price on Dominion Energy from $76.00 to $77.00 and gave the stock a “hold” rating in a research report on Thursday. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Dominion Energy has an average rating of “Hold” and a consensus price target of $80.57.

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.

Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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