IFC Holdings Incorporated FL Grows Position in Dominion Energy Inc. (D)
IFC Holdings Incorporated FL increased its position in shares of Dominion Energy Inc. (NYSE:D) by 9.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,798 shares of the utilities provider’s stock after purchasing an additional 647 shares during the quarter. IFC Holdings Incorporated FL’s holdings in Dominion Energy were worth $596,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in D. Waldron LP acquired a new stake in shares of Dominion Energy during the first quarter worth about $236,000. Meyer Handelman Co. lifted its holdings in shares of Dominion Energy by 7.6% during the first quarter. Meyer Handelman Co. now owns 14,100 shares of the utilities provider’s stock worth $1,094,000 after purchasing an additional 1,000 shares during the period. Greenwich Wealth Management LLC acquired a new stake in shares of Dominion Energy during the first quarter worth about $202,000. Hudock Capital Group LLC lifted its holdings in shares of Dominion Energy by 0.3% during the first quarter. Hudock Capital Group LLC now owns 2,146 shares of the utilities provider’s stock worth $166,000 after purchasing an additional 6 shares during the period. Finally, Benedict Financial Advisors Inc. lifted its holdings in shares of Dominion Energy by 1.0% during the first quarter. Benedict Financial Advisors Inc. now owns 24,664 shares of the utilities provider’s stock worth $1,913,000 after purchasing an additional 233 shares during the period. 64.49% of the stock is owned by hedge funds and other institutional investors.
Dominion Energy Inc. (NYSE D) opened at 79.24 on Monday. The company’s 50-day moving average price is $78.20 and its 200 day moving average price is $77.93. Dominion Energy Inc. has a 12 month low of $69.51 and a 12 month high of $81.65. The stock has a market capitalization of $50.92 billion, a PE ratio of 22.93 and a beta of 0.29.
Dominion Energy (NYSE:D) last posted its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. Dominion Energy had a return on equity of 14.04% and a net margin of 17.48%. The company had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same period last year, the firm earned $0.71 EPS. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, analysts forecast that Dominion Energy Inc. will post $3.64 earnings per share for the current fiscal year.
The business also recently disclosed 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 is Wednesday, August 30th. This represents a $3.02 dividend on an annualized basis and a yield of 3.81%. Dominion Energy’s payout ratio is 87.28%.
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A number of research firms recently commented on D. Royal Bank Of Canada set a $77.00 target price on Dominion Energy and gave the stock a “hold” rating in a report on Saturday, June 3rd. Deutsche Bank AG lifted 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. Zacks Investment Research cut Dominion Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Citigroup Inc. reduced their price target on Dominion Energy from $78.00 to $76.00 and set a “neutral” rating for the company in a research report on Wednesday, July 26th. Finally, KeyCorp reiterated a “hold” rating on shares of Dominion Energy in a research report on Friday, September 1st. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average 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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