Dominion Energy Inc. (D) Stake Reduced by Texas Permanent School Fund
Texas Permanent School Fund lowered its position in Dominion Energy Inc. (NYSE:D) by 3.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 176,727 shares of the utilities provider’s stock after selling 6,798 shares during the period. Texas Permanent School Fund’s holdings in Dominion Energy were worth $13,543,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Bessemer Group Inc. increased its stake in shares of Dominion Energy by 4.1% in the second quarter. Bessemer Group Inc. now owns 17,265 shares of the utilities provider’s stock worth $1,324,000 after buying an additional 674 shares during the period. BB&T Corp increased its stake in shares of Dominion Energy by 3.5% in the first quarter. BB&T Corp now owns 122,663 shares of the utilities provider’s stock worth $9,516,000 after buying an additional 4,101 shares during the period. Victory Capital Management Inc. increased its stake in shares of Dominion Energy by 5.3% in the first quarter. Victory Capital Management Inc. now owns 110,036 shares of the utilities provider’s stock worth $8,535,000 after buying an additional 5,533 shares during the period. Venturi Wealth Management LLC increased its stake in shares of Dominion Energy by 13.8% in the first quarter. Venturi Wealth Management LLC now owns 30,879 shares of the utilities provider’s stock worth $2,408,000 after buying an additional 3,740 shares during the period. Finally, Weiss Multi Strategy Advisers LLC purchased a new stake in shares of Dominion Energy during the first quarter worth about $3,889,000. 64.48% of the stock is currently owned by hedge funds and other institutional investors.
Dominion Energy Inc. (D) opened at 78.33 on Friday. The firm’s 50-day moving average is $77.98 and its 200-day moving average is $77.78. The firm has a market capitalization of $50.33 billion, a PE ratio of 22.67 and a beta of 0.28. Dominion Energy Inc. has a 52-week low of $69.51 and a 52-week high of $81.65.
Dominion Energy (NYSE:D) last issued its earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 EPS for the quarter, topping the consensus estimate of $0.66 by $0.01. The company had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.94 billion. Dominion Energy had a net margin of 17.48% and a return on equity of 14.04%. The business’s revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 EPS. On average, analysts anticipate that Dominion Energy Inc. will post $3.64 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Friday, September 1st will be given a dividend of $0.755 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $3.02 annualized dividend and a dividend yield of 3.86%. Dominion Energy’s payout ratio is currently 87.28%.
D has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Dominion Energy from a “sell” rating to a “hold” rating in a report on Friday, August 4th. BidaskClub cut shares of Dominion Energy from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Citigroup Inc. reduced their price objective on shares of Dominion Energy from $78.00 to $76.00 and set a “neutral” rating for the company in a research report on Wednesday, July 26th. Royal Bank Of Canada restated a “hold” rating and set a $77.00 price objective on shares of Dominion Energy in a research report on Monday, August 21st. Finally, Deutsche Bank AG upped their price objective on shares of Dominion Energy from $76.00 to $77.00 and gave the stock a “hold” rating in a research report on Thursday, August 3rd. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Dominion Energy has a consensus rating of “Hold” and an average target price of $80.57.
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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