Boston Family Office LLC Has $3,027,000 Position in Dominion Energy Inc. (D)
Boston Family Office LLC held its stake in Dominion Energy Inc. (NYSE:D) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,495 shares of the utilities provider’s stock at the end of the second quarter. Boston Family Office LLC’s holdings in Dominion Energy were worth $3,027,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. BlackRock Inc. increased its stake in Dominion Energy by 3,615.9% in the 1st 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 during the period. Vanguard Group Inc. increased its stake in Dominion Energy by 3.4% in the 1st 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 during the period. Wellington Management Group LLP increased its stake in Dominion Energy by 2.7% in the 1st quarter. Wellington Management Group LLP now owns 30,572,031 shares of the utilities provider’s stock valued at $2,371,472,000 after buying an additional 790,484 shares during the period. Geode Capital Management LLC increased its stake in Dominion Energy by 7.7% in the 1st quarter. Geode Capital Management LLC now owns 5,843,417 shares of the utilities provider’s stock valued at $452,596,000 after buying an additional 420,250 shares during the period. Finally, Wells Fargo & Company MN increased its stake in Dominion Energy by 24.0% in the 1st 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 during the period. 64.44% of the stock is currently owned by institutional investors and hedge funds.
Shares of Dominion Energy Inc. (NYSE:D) opened at 79.50 on Monday. The stock has a market capitalization of $51.09 billion, a price-to-earnings ratio of 23.01 and a beta of 0.29. The company has a 50 day moving average of $78.48 and a 200 day moving average of $78.03. Dominion Energy Inc. has a 52-week low of $69.51 and a 52-week high of $81.65.
Dominion Energy (NYSE:D) last released its earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. The firm had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.94 billion. Dominion Energy had a return on equity of 14.04% and a net margin of 17.48%. Dominion Energy’s revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.71 earnings per share. Analysts predict that Dominion Energy Inc. will post $3.64 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Friday, September 1st will be issued a dividend of $0.755 per share. This represents a $3.02 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date of this dividend is Wednesday, August 30th. Dominion Energy’s payout ratio is currently 87.28%.
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Several equities research analysts have commented on D shares. Royal Bank Of Canada set a $77.00 target price on shares of Dominion Energy and gave the stock a “hold” rating in a research report on Saturday, June 3rd. Zacks Investment Research lowered shares of Dominion Energy from a “hold” rating to a “sell” rating in a research report on Monday, June 12th. BidaskClub lowered shares of Dominion Energy from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Citigroup Inc. decreased their target price on shares of Dominion Energy from $78.00 to $76.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 26th. Finally, Deutsche Bank AG boosted their target price 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. Ten investment 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 a consensus rating of “Hold” and an average price target of $80.25.
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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