OLD Republic International Corp Grows Stake in Dominion Energy Inc. (D)
OLD Republic International Corp raised its holdings in shares of Dominion Energy Inc. (NYSE:D) by 0.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 371,100 shares of the utilities provider’s stock after buying an additional 2,600 shares during the quarter. OLD Republic International Corp owned about 0.06% of Dominion Energy worth $28,437,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. Bollard Group LLC grew its holdings in shares of Dominion Energy by 0.8% during the second quarter. Bollard Group LLC now owns 1,528 shares of the utilities provider’s stock worth $117,000 after buying an additional 12 shares in the last quarter. Tradewinds Capital Management LLC grew its holdings in shares of Dominion Energy by 0.9% in the second quarter. Tradewinds Capital Management LLC now owns 1,318 shares of the utilities provider’s stock valued at $101,000 after purchasing an additional 12 shares during the period. Farmers National Bank grew its holdings in shares of Dominion Energy by 0.3% in the first quarter. Farmers National Bank now owns 4,673 shares of the utilities provider’s stock valued at $347,000 after purchasing an additional 16 shares during the period. Pathstone Family Office LLC grew its holdings in shares of Dominion Energy by 0.6% in the first quarter. Pathstone Family Office LLC now owns 3,199 shares of the utilities provider’s stock valued at $249,000 after purchasing an additional 20 shares during the period. Finally, Jackson Grant Investment Advisers Inc. grew its holdings in shares of Dominion Energy by 1.0% in the first quarter. Jackson Grant Investment Advisers Inc. now owns 2,176 shares of the utilities provider’s stock valued at $169,000 after purchasing an additional 21 shares during the period. 64.49% of the stock is owned by institutional investors and hedge funds.
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Dominion Energy Inc. (D) opened at 79.92 on Tuesday. Dominion Energy Inc. has a 52-week low of $69.51 and a 52-week high of $81.65. The firm has a market cap of $51.36 billion, a PE ratio of 23.13 and a beta of 0.29. The firm has a 50-day moving average of $78.22 and a 200-day moving average of $77.98.
Dominion Energy (NYSE:D) last posted its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. The firm had revenue of $2.81 billion during 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.71 EPS. Equities analysts anticipate that Dominion Energy Inc. will post $3.64 EPS 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 issued a $0.755 dividend. This represents a $3.02 annualized dividend and a yield of 3.78%. The ex-dividend date is Wednesday, August 30th. Dominion Energy’s dividend payout ratio (DPR) is 87.28%.
D has been the subject of a number of 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. Royal Bank Of Canada set a $77.00 price objective on shares of Dominion Energy and gave the company a “hold” rating in a report on Saturday, June 3rd. Deutsche Bank AG upped their price objective on shares of Dominion Energy from $76.00 to $77.00 and gave the company a “hold” rating in a report on Thursday, August 3rd. Citigroup Inc. dropped their price objective on shares of Dominion Energy from $78.00 to $76.00 and set a “neutral” rating for the company in a report on Wednesday, July 26th. Finally, KeyCorp reissued a “hold” rating on shares of Dominion Energy in a report on Friday, September 1st. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus 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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