FineMark National Bank & Trust Boosts Position in Dominion Energy Inc. (D)
FineMark National Bank & Trust boosted its stake in shares of Dominion Energy Inc. (NYSE:D) by 2.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,977 shares of the utilities provider’s stock after buying an additional 383 shares during the period. FineMark National Bank & Trust’s holdings in Dominion Energy were worth $1,301,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the stock. Sigma Planning Corp boosted its stake in shares of Dominion Energy by 69.8% in the first quarter. Sigma Planning Corp now owns 22,055 shares of the utilities provider’s stock valued at $1,711,000 after buying an additional 9,063 shares during the last quarter. First Manhattan Co. boosted its stake in shares of Dominion Energy by 25.0% in the first quarter. First Manhattan Co. now owns 5,752 shares of the utilities provider’s stock valued at $427,000 after buying an additional 1,152 shares during the last quarter. Waldron LP bought a new stake in shares of Dominion Energy during the first quarter valued at $236,000. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Dominion Energy by 2.8% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 16,715 shares of the utilities provider’s stock valued at $1,212,000 after buying an additional 459 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its stake in shares of Dominion Energy by 19.2% in the first quarter. Nationwide Fund Advisors now owns 205,917 shares of the utilities provider’s stock valued at $15,973,000 after buying an additional 33,167 shares during the last quarter. Hedge funds and other institutional investors own 64.83% of the company’s stock.
Shares of Dominion Energy Inc. (NYSE D) opened at 80.08 on Friday. The company’s 50-day moving average price is $77.53 and its 200-day moving average price is $77.55. The company has a market capitalization of $51.46 billion, a price-to-earnings ratio of 23.18 and a beta of 0.28. Dominion Energy Inc. has a one year low of $69.51 and a one year high of $81.65.
Dominion Energy (NYSE:D) last released its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.01. Dominion Energy had a net margin of 17.48% and a return on equity of 14.04%. The business had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same period in the previous year, the company earned $0.71 earnings per share. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, equities research analysts predict that Dominion Energy Inc. will post $3.64 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Friday, September 1st will be issued a $0.755 dividend. This represents a $3.02 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend is Wednesday, August 30th. Dominion Energy’s dividend payout ratio is currently 87.28%.
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Several equities research analysts recently commented 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 note on Saturday, June 3rd. Zacks Investment Research cut Dominion Energy from a “hold” rating to a “sell” rating in a research note on Monday, June 12th. BidaskClub cut Dominion Energy from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Morgan Stanley reduced their price objective on Dominion Energy from $81.00 to $79.00 and set an “equal weight” rating for the company in a research note on Monday, May 8th. Finally, Deutsche Bank AG raised their price objective 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 investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average 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.
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