Newman Dignan & Sheerar Inc. maintained its stake in Dominion Energy Inc. (NYSE:D) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,965 shares of the utilities provider’s stock at the close of the second quarter. Newman Dignan & Sheerar Inc.’s holdings in Dominion Energy were worth $534,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. grew its holdings 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 last quarter. Vanguard Group Inc. grew its holdings 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 last quarter. Wellington Management Group LLP grew its holdings 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 last quarter. Federated Investors Inc. PA grew its holdings in Dominion Energy by 5.4% in the 2nd quarter. Federated Investors Inc. PA now owns 8,967,983 shares of the utilities provider’s stock valued at $687,216,000 after buying an additional 461,484 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings 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 last quarter. 64.44% of the stock is currently owned by institutional investors and hedge funds.

Shares of Dominion Energy Inc. (NYSE:D) opened at 76.78 on Thursday. The firm has a 50 day moving average price of $78.55 and a 200-day moving average price of $78.07. Dominion Energy Inc. has a 12 month low of $69.51 and a 12 month high of $81.65. The company has a market cap of $49.34 billion, a P/E ratio of 22.22 and a beta of 0.29.

Dominion Energy (NYSE:D) last released its earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share for the quarter, topping the 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 firm had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the prior year, the company earned $0.71 earnings per share. The company’s quarterly revenue was up 8.3% on a year-over-year basis. Analysts anticipate that Dominion Energy Inc. will post $3.63 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 20th. Shareholders of record on Friday, September 1st were paid a dividend of $0.755 per share. This represents a $3.02 annualized dividend and a yield of 3.91%. The ex-dividend date of this dividend was Wednesday, August 30th. Dominion Energy’s payout ratio is presently 87.28%.

A number of analysts have issued reports on D shares. Zacks Investment Research raised Dominion Energy from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Tuesday, July 11th. Royal Bank Of Canada set a $77.00 target price on Dominion Energy and gave the company a “hold” rating in a report on Saturday, June 3rd. BidaskClub lowered Dominion Energy from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. KeyCorp reaffirmed a “hold” rating on shares of Dominion Energy in a report on Friday, September 1st. Finally, Deutsche Bank AG raised their target price on Dominion Energy from $76.00 to $77.00 and gave the company a “hold” rating in a report on Thursday, August 3rd. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Dominion Energy has a consensus rating of “Hold” and an average price target of $80.25.

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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.

Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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