Dominion Energy Inc. (D) Position Increased by Boys Arnold & Co. Inc.
Boys Arnold & Co. Inc. boosted its stake in Dominion Energy Inc. (NYSE:D) by 1.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,524 shares of the utilities provider’s stock after buying an additional 44 shares during the quarter. Boys Arnold & Co. Inc.’s holdings in Dominion Energy were worth $347,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in D. Tradewinds Capital Management LLC raised its position in Dominion Energy by 1.0% in the 1st quarter. Tradewinds Capital Management LLC now owns 1,306 shares of the utilities provider’s stock valued at $101,000 after purchasing an additional 13 shares during the last quarter. Tortoise Capital Advisors L.L.C. raised its position in Dominion Energy by 336.3% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 1,396 shares of the utilities provider’s stock valued at $107,000 after purchasing an additional 1,076 shares during the last quarter. Enterprise Financial Services Corp raised its position in Dominion Energy by 5.8% in the 2nd quarter. Enterprise Financial Services Corp now owns 1,456 shares of the utilities provider’s stock valued at $112,000 after purchasing an additional 80 shares during the last quarter. Clean Yield Group bought a new position in Dominion Energy in the 1st quarter valued at $117,000. Finally, Bollard Group LLC raised its position in Dominion Energy by 0.8% in the 2nd quarter. Bollard Group LLC now owns 1,528 shares of the utilities provider’s stock valued at $117,000 after purchasing an additional 12 shares during the last quarter. 64.44% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have issued reports on D. Royal Bank Of Canada set a $77.00 price objective on Dominion Energy and gave the company a “hold” rating in a research report on Saturday, June 3rd. Zacks Investment Research downgraded Dominion Energy from a “hold” rating to a “sell” rating in a research report on Monday, June 12th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $78.00 price objective on shares of Dominion Energy in a research report on Thursday, September 14th. KeyCorp reiterated a “hold” rating on shares of Dominion Energy in a research report on Friday, September 1st. Finally, BidaskClub downgraded Dominion Energy from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $80.25.
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Shares of Dominion Energy Inc. (D) opened at 77.04 on Friday. Dominion Energy Inc. has a 52-week low of $69.51 and a 52-week high of $81.65. The company has a market cap of $49.50 billion, a P/E ratio of 22.30 and a beta of 0.29. The stock’s 50 day moving average price is $78.55 and its 200-day moving average price is $78.07.
Dominion Energy (NYSE:D) last released its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter last year, the business posted $0.71 EPS. Dominion Energy’s revenue for the quarter was up 8.3% on a year-over-year basis. Equities analysts expect that Dominion Energy Inc. will post $3.63 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 20th. Investors of record on Friday, September 1st were issued a dividend of $0.755 per share. This represents a $3.02 annualized dividend and a dividend yield of 3.92%. The ex-dividend date was Wednesday, August 30th. Dominion Energy’s dividend payout ratio (DPR) is 87.28%.
Dominion Energy 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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