Dominion Energy Inc. (D) Holdings Lowered by Argent Trust Co
Argent Trust Co reduced its position in Dominion Energy Inc. (NYSE:D) by 8.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,260 shares of the utilities provider’s stock after selling 842 shares during the period. Argent Trust Co’s holdings in Dominion Energy were worth $710,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in D. Tradewinds Capital Management LLC raised its position in Dominion Energy by 1.0% during the first quarter. Tradewinds Capital Management LLC now owns 1,306 shares of the utilities provider’s stock valued at $101,000 after buying an additional 13 shares during the period. Tortoise Capital Advisors L.L.C. lifted its stake 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 worth $107,000 after acquiring an additional 1,076 shares in the last quarter. Pacad Investment Ltd. purchased a new stake in Dominion Energy in the 2nd quarter worth about $107,000. Enterprise Financial Services Corp lifted its stake 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 worth $112,000 after acquiring an additional 80 shares in the last quarter. Finally, Monroe Bank & Trust MI lifted its stake in Dominion Energy by 36.1% in the 2nd quarter. Monroe Bank & Trust MI now owns 1,507 shares of the utilities provider’s stock worth $116,000 after acquiring an additional 400 shares in the last quarter. 64.44% of the stock is currently owned by institutional investors and hedge funds.
Shares of Dominion Energy Inc. (D) opened at 76.74 on Tuesday. The stock has a market capitalization of $49.31 billion, a P/E ratio of 22.21 and a beta of 0.28. The stock’s 50 day moving average price is $78.41 and its 200-day moving average price is $78.15. Dominion Energy Inc. has a 1-year low of $69.51 and a 1-year high of $81.65.
Dominion Energy (NYSE:D) last announced its earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.01. The firm had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.94 billion. Dominion Energy had a net margin of 17.48% and a return on equity of 14.04%. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.71 EPS. Equities research analysts anticipate that Dominion Energy Inc. will post $3.63 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 20th. Shareholders of record on Friday, September 1st were paid a $0.755 dividend. This represents a $3.02 annualized dividend and a dividend yield of 3.94%. The ex-dividend date of this dividend was Wednesday, August 30th. Dominion Energy’s dividend payout ratio is 87.28%.
A number of equities research analysts have commented on the company. Zacks Investment Research lowered Dominion Energy from a “hold” rating to a “sell” rating in a research report on Monday, June 12th. BidaskClub cut Dominion Energy from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Citigroup Inc. dropped their target price on Dominion Energy from $78.00 to $76.00 and set a “neutral” rating on the stock in a report on Wednesday, July 26th. Deutsche Bank AG upped 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. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $77.00 price target on shares of Dominion Energy in a research report on Monday, August 21st. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Dominion Energy has an average rating of “Hold” and a consensus target price of $80.25.
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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