Dominion Energy Inc. (D) Position Maintained by Court Place Advisors LLC
Court Place Advisors LLC held its stake in Dominion Energy Inc. (NYSE:D) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,918 shares of the utilities provider’s stock at the end of the second quarter. Court Place Advisors LLC’s holdings in Dominion Energy were worth $224,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Dominion Energy by 3,615.9% in the first quarter. BlackRock Inc. now owns 45,518,516 shares of the utilities provider’s stock valued at $3,530,873,000 after buying an additional 44,293,566 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Dominion Energy by 3.4% in the first quarter. Vanguard Group Inc. now owns 43,602,368 shares of the utilities provider’s stock valued at $3,382,237,000 after buying an additional 1,435,767 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Dominion Energy by 24.0% in the first quarter. Wells Fargo & Company MN now owns 4,900,432 shares of the utilities provider’s stock valued at $380,127,000 after buying an additional 949,647 shares in the last quarter. Epoch Investment Partners Inc. increased its stake in shares of Dominion Energy by 44.1% in the first quarter. Epoch Investment Partners Inc. now owns 2,741,725 shares of the utilities provider’s stock valued at $212,676,000 after buying an additional 838,574 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in Dominion Energy by 2.7% in 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 buying an additional 790,484 shares during the period. Hedge funds and other institutional investors own 64.83% of the company’s stock.
Dominion Energy Inc. (NYSE:D) traded up 0.73% on Friday, hitting $78.69. The stock had a trading volume of 2,303,023 shares. Dominion Energy Inc. has a 12-month low of $69.51 and a 12-month high of $81.65. The company’s 50 day moving average is $77.11 and its 200 day moving average is $77.32. The firm has a market cap of $50.57 billion, a PE ratio of 22.78 and a beta of 0.28.
Dominion Energy (NYSE:D) last issued its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.01. The company had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Dominion Energy had a return on equity of 14.04% and a net margin of 17.48%. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.71 earnings per share. On average, equities research analysts expect that Dominion Energy Inc. will post $3.63 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Friday, September 1st will be given a dividend of $0.755 per share. This represents a $3.02 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date is Wednesday, August 30th. Dominion Energy’s payout ratio is 87.28%.
Several research analysts recently weighed in on D shares. Zacks Investment Research cut Dominion Energy from a “hold” rating to a “sell” rating in a research report on Monday, June 12th. BidaskClub cut Dominion Energy from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Barclays PLC reaffirmed an “overweight” rating and issued a $89.00 price target (up from $80.00) on shares of Dominion Energy in a research note on Sunday, April 23rd. Citigroup Inc. lowered their price target on Dominion Energy from $78.00 to $76.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 26th. Finally, Deutsche Bank AG upped their price target on Dominion Energy from $76.00 to $77.00 and gave the company a “hold” rating in a research note on Thursday, August 3rd. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price 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.
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